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PubMatic Analyst Ratings

PUBMNASDAQ

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$9.05

-0.28-3.00%

At close: Dec 12, 4:00 PM EST

$9.00

-0.0481-0.53%

After Hours: Dec 12, 6:18 PM EST

Overview News Earnings Options Guidance

Analyst Ratings

Insider Trades Short Interest Stock Report

Consensus Rating¹

Market Outperform

Highest Price Target¹

$25.00

Lowest Price Target¹

$9.50

Consensus Price Target¹

$17.09

PubMatic Analyst Ratings and Price Targets | NASDAQ:PUBM | Benzinga

PubMatic Inc has a consensus price target of $17.09 based on the ratings of 19 analysts. The high is $25 issued by Wolfe Research on July 16, 2024. The low is $9.5 issued by Lake Street on August 12, 2025. The 3 most-recent analyst ratings were released by B. Riley Securities, Evercore ISI Group, and Rosenblatt on November 11, 2025, respectively. With an average price target of $14.33 between B. Riley Securities, Evercore ISI Group, and Rosenblatt, there's an implied 59.23% upside for PubMatic Inc from these most-recent analyst ratings.

Analyst Trends and Forecast

Aug

Sep

Nov

Buy

Hold

Sell

Strong Sell

Analyst Rating and Forecast

3.7

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Analyst Firms Making Recommendations¹

B. Riley Securities

Evercore ISI Group

Rosenblatt

JMP Securities

Lake Street

¹calculated from analyst ratings

Analyst Ratings for PubMatic

					Get Alert
Nov 11, 2025	11.09%	Zach CumminsB. Riley Securities 67%	9 10	Previous Neutral Current Neutral	Get Alert
Nov 11, 2025	44.41%	Shweta KhajuriaEvercore ISI Group 62%	12 13	Previous Outperform Current Outperform	Get Alert
Nov 11, 2025	122.18%	Barton CrockettRosenblatt 65%	17 20	Previous Buy Current Buy	Get Alert
Sep 9, 2025	88.85%	Barton CrockettRosenblatt 65%	17 17	Previous Buy Current Buy	Get Alert
Aug 21, 2025	88.85%	Barton CrockettRosenblatt 65%	17	Previous Initiates Current Buy	Get Alert
Aug 13, 2025	33.31%	Shweta KhajuriaEvercore ISI Group 62%	12 16	Previous Outperform Current Outperform	Get Alert
Aug 12, 2025	33.31%	Matthew CondonJMP Securities 59%	12 16	Previous Market Outperform Current Market Outperform	Get Alert
Aug 12, 2025	5.53%	Eric MartinuzziLake Street 51%	9.5 19	Previous Buy Current Hold	Get Alert
Aug 12, 2025	11.09%	Nat SchindlerScotiabank 67%	10 15	Previous Sector Perform Current Sector Perform	Get Alert
Aug 12, 2025	22.2%	Matthew Swanson RBC Capital 45%	11 14	Previous Outperform Current Outperform	Get Alert
Aug 12, 2025	-0.02%	Zach CumminsB. Riley Securities 67%	9 17	Previous Buy Current Neutral	Get Alert
May 9, 2025	111.07%	Eric MartinuzziLake Street 51%	19 21	Previous Buy Current Buy	Get Alert
May 2, 2025	55.52%	Matthew Swanson RBC Capital 45%	14 17	Previous Outperform Current Outperform	Get Alert
Mar 10, 2025	99.96%	Ronald JoseyCitizens Capital Markets 76%	18 18	Previous Market Outperform Current Market Outperform	Get Alert
Mar 3, 2025	99.96%	Andrew BooneCitizens Capital Markets 76%	18 20	Previous Market Outperform Current Market Outperform	Get Alert
Feb 28, 2025	66.63%	Nat SchindlerScotiabank 67%	15 17	Previous Sector Perform Current Sector Perform	Get Alert
Feb 28, 2025	133.28%	Eric MartinuzziLake Street 51%	21 24	Previous Buy Current Buy	Get Alert
Jan 27, 2025	122.18%	Greg MillerJMP Securities 64%	20 20	Previous Market Outperform Current Market Outperform	Get Alert
Jan 3, 2025	111.07%	Matthew Swanson RBC Capital 45%	19 21	Previous Outperform Current Outperform	Get Alert
Dec 5, 2024	88.85%	Nat SchindlerScotiabank 67%	17	Previous Initiates Current Sector Perform	Get Alert
Nov 14, 2024	111.07%	Tim NollenMacquarie 56%	19 19	Previous Neutral Current Neutral	Get Alert
Nov 13, 2024	144.39%	Shweta KhajuriaEvercore ISI Group 62%	20 22	Previous Outperform Current Outperform	Get Alert
Aug 20, 2024	155.5%	Matthew Swanson RBC Capital 45%	23 26	Previous Outperform Current Outperform	Get Alert
Aug 9, 2024	188.83%	Matthew Swanson RBC Capital 45%	26 30	Previous Outperform Current Outperform	Get Alert
Aug 9, 2024	111.07%	Tim NollenMacquarie 56%	19 24	Previous Neutral Current Neutral	Get Alert
Aug 9, 2024	144.39%	Daniel DayB. Riley Securities 50%	22 31	Previous Buy Current Buy	Get Alert
Aug 9, 2024	77.74%	James HeaneyJefferies 70%	16 26	Previous Hold Current Hold	Get Alert
Aug 9, 2024	—	Andrew MarokRaymond James 58%	—	Previous Outperform Current Market Perform	Get Alert
Jul 16, 2024	177.72%	Shweta KhajuriaWolfe Research 62%	25	Previous Initiates Current Outperform	Get Alert
May 8, 2024	233.26%	Matthew Swanson RBC Capital 45%	26 30	Previous Outperform Current Outperform	Get Alert
Apr 19, 2024	199.94%	Daniel DayB. Riley Securities 50%	27	Previous Current Buy	Get Alert
Mar 25, 2024	188.83%	Matthew Swanson RBC Capital 45%	26 26	Previous Outperform Current Outperform	Get Alert
Feb 27, 2024	177.72%	Andrew BooneJMP Securities 76%	18 25	Previous Market Outperform Current Market Outperform	Get Alert
Feb 27, 2024	188.83%	Matthew Swanson RBC Capital 45%	19 26	Previous Outperform Current Outperform	Get Alert
Feb 27, 2024	199.94%	Daniel DayB. Riley Securities 50%	21 27	Previous Buy Current Buy	Get Alert
Nov 9, 2023	88.85%	Andrew MarokRaymond James 58%	17 18	Previous Outperform Current Outperform	Get Alert
Aug 10, 2023	88.85%	Andrew BooneJMP Securities 76%	17 21	Previous Market Outperform Current Market Outperform	Get Alert
Aug 9, 2023	133.28%	Matthew SchultheisRBC Capital 75%	21 23	Previous Outperform Current Outperform	Get Alert
Aug 9, 2023	77.74%	Tim NollenMacquarie 56%	16 23	Previous Outperform Current Neutral	Get Alert
Aug 9, 2023	—	Jason HelfsteinOppenheimer 80%	—	Previous Outperform Current Perform	Get Alert
Aug 9, 2023	99.96%	Andrew MarokRaymond James 58%	18 22	Previous Outperform Current Outperform	Get Alert
Aug 1, 2023	144.39%	Andrew MarokRaymond James 58%	16 22	Previous Outperform Current Outperform	Get Alert
Jun 2, 2023	133.28%	Andrew BooneJMP Securities 76%	21	Previous Current Market Outperform	Get Alert
May 22, 2023	122.18%	Matthew SchultheisRBC Capital 75%	18 20	Previous Outperform Current Outperform	Get Alert
May 10, 2023	77.74%	Andrew MarokRaymond James 58%	16 17	Previous Current Outperform	Get Alert
Apr 13, 2023	122.18%	Daniel DayB. Riley Securities 50%	20	Previous Initiates Current Buy	Get Alert
Mar 16, 2023	133.28%	Andrew BooneJMP Securities 76%	21	Previous Current Market Outperform	Get Alert
Mar 1, 2023	122.18%	Matthew SchultheisRBC Capital 75%	20 24	Previous Current Outperform	Get Alert
Mar 1, 2023	133.28%	Matthew CostJMP Securities 76%	21 22	Previous Current Market Perform	Get Alert
Mar 1, 2023	88.85%	Jason HelfsteinOppenheimer 80%	17 22	Previous Current Outperform	Get Alert
Mar 1, 2023	88.85%	Andrew MarokRaymond James 58%	17 18	Previous Current Outperform	Get Alert

FAQ

What is the target price for PubMatic (PUBM) stock?

The latest price target for PubMatic (NASDAQ:PUBM) was reported by B. Riley Securities on November 11, 2025. The analyst firm set a price target for $10.00 expecting PUBM to rise to within 12 months (a possible 11.09% upside). 19 analyst firms have reported ratings in the last year.

What is the most recent analyst rating for PubMatic (PUBM)?

The latest analyst rating for PubMatic (NASDAQ:PUBM) was provided by B. Riley Securities, and PubMatic maintained their neutral rating.

When was the last upgrade for PubMatic (PUBM)?

There is no last upgrade for PubMatic

When was the last downgrade for PubMatic (PUBM)?

The last downgrade for PubMatic Inc happened on August 12, 2025 when Lake Street changed their price target from $19 to $9.5 for PubMatic Inc.

When is the next analyst rating going to be posted or updated for PubMatic (PUBM)?

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PubMatic, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for PubMatic was filed on November 11, 2025 so you should expect the next rating to be made available sometime around November 11, 2026.

Is the Analyst Rating PubMatic (PUBM) correct?

While ratings are subjective and will change, the latest PubMatic (PUBM) rating was a maintained with a price target of $9.00 to $10.00. The current price PubMatic (PUBM) is trading at is $9.00, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.