PUBM Crosses Above Average Analyst Target
January 22, 2021 at 08:03 AM EST
In recent trading, shares of PubMatic Inc (PUBM) have crossed above the average analyst 12-month target price of $35.00, changing hands for $37.75/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..