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PubMatic Inc has a consensus price target of $16.94 based on the ratings of 18 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 Rosenblatt, Rosenblatt, and B. Riley Securities on March 20, 2026, February 27, 2026, and February 27, 2026, respectively. With an average price target of $17.5 between Rosenblatt, Rosenblatt, and B. Riley Securities, there's an implied 81.54% upside for PubMatic Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for PubMatic (NASDAQ:PUBM) was reported by Rosenblatt on March 20, 2026. The analyst firm set a price target for $21.00 expecting PUBM to rise to within 12 months (a possible 117.84% upside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for PubMatic (NASDAQ:PUBM) was provided by Rosenblatt, and PubMatic maintained their buy rating.
The last upgrade for PubMatic Inc happened on February 27, 2026 when B. Riley Securities raised their price target to $10.5. B. Riley Securities previously had a neutral for PubMatic Inc.
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.
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 March 20, 2026 so you should expect the next rating to be made available sometime around March 20, 2027.
While ratings are subjective and will change, the latest PubMatic (PUBM) rating was a maintained with a price target of $21.00 to $21.00. The current price PubMatic (PUBM) is trading at is $9.64, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 03/20/2026 | Buy Now | 117.84% | Rosenblatt | $21 → $21 | Maintains | Buy | Get Alert |
| 02/27/2026 | Buy Now | 117.84% | Rosenblatt | $20 → $21 | Maintains | Buy | Get Alert |
| 02/27/2026 | Buy Now | 8.92% | B. Riley Securities | $10 → $10.5 | Upgrade | Neutral → Buy | Get Alert |
| 11/11/2025 | Buy Now | 3.73% | B. Riley Securities | $9 → $10 | Maintains | Neutral | Get Alert |
| 11/11/2025 | Buy Now | 34.85% | Evercore ISI Group | $12 → $13 | Maintains | Outperform | Get Alert |
| 11/11/2025 | Buy Now | 107.47% | Rosenblatt | $17 → $20 | Maintains | Buy | Get Alert |
| 09/09/2025 | Buy Now | 76.35% | Rosenblatt | $17 → $17 | Maintains | Buy | Get Alert |
| 08/21/2025 | Buy Now | 76.35% | Rosenblatt | → $17 | Initiates | → Buy | Get Alert |
| 08/13/2025 | Buy Now | 24.48% | Evercore ISI Group | $16 → $12 | Maintains | Outperform | Get Alert |
| 08/12/2025 | Buy Now | 24.48% | JMP Securities | $16 → $12 | Maintains | Market Outperform | Get Alert |
| 08/12/2025 | Buy Now | -1.45% | Lake Street | $19 → $9.5 | Downgrade | Buy → Hold | Get Alert |
| 08/12/2025 | Buy Now | 3.73% | Scotiabank | $15 → $10 | Maintains | Sector Perform | Get Alert |
| 08/12/2025 | Buy Now | 14.11% | RBC Capital | $14 → $11 | Maintains | Outperform | Get Alert |
| 08/12/2025 | Buy Now | -6.64% | B. Riley Securities | $17 → $9 | Downgrade | Buy → Neutral | Get Alert |
| 05/09/2025 | Buy Now | 97.1% | Lake Street | $21 → $19 | Maintains | Buy | Get Alert |
| 05/02/2025 | Buy Now | 45.23% | RBC Capital | $17 → $14 | Maintains | Outperform | Get Alert |
| 03/10/2025 | Buy Now | 86.72% | Citizens Capital Markets | $18 → $18 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 03/03/2025 | Buy Now | 86.72% | Citizens Capital Markets | $20 → $18 | Maintains | Market Outperform | Get Alert |
| 02/28/2025 | Buy Now | 55.6% | Scotiabank | $17 → $15 | Maintains | Sector Perform | Get Alert |
| 02/28/2025 | Buy Now | 117.84% | Lake Street | $24 → $21 | Maintains | Buy | Get Alert |
| 01/27/2025 | Buy Now | 107.47% | JMP Securities | $20 → $20 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 01/03/2025 | Buy Now | 97.1% | RBC Capital | $21 → $19 | Maintains | Outperform | Get Alert |
| 12/05/2024 | Buy Now | 76.35% | Scotiabank | → $17 | Initiates | → Sector Perform | Get Alert |
| 11/14/2024 | Buy Now | 97.1% | Macquarie | $19 → $19 | Maintains | Neutral | Get Alert |
| 11/13/2024 | Buy Now | 128.22% | Evercore ISI Group | $20 → $22 | Maintains | Outperform | Get Alert |
| 08/20/2024 | Buy Now | 138.59% | RBC Capital | $26 → $23 | Maintains | Outperform | Get Alert |
| 08/09/2024 | Buy Now | 169.71% | RBC Capital | $30 → $26 | Maintains | Outperform | Get Alert |
| 08/09/2024 | Buy Now | 97.1% | Macquarie | $24 → $19 | Maintains | Neutral | Get Alert |
| 08/09/2024 | Buy Now | 128.22% | B. Riley Securities | $31 → $22 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | 65.98% | Jefferies | $26 → $16 | Maintains | Hold | Get Alert |
| 08/09/2024 | Buy Now | — | Raymond James | — | Downgrade | Outperform → Market Perform | Get Alert |
| 07/16/2024 | Buy Now | 159.34% | Wolfe Research | → $25 | Initiates | → Outperform | Get Alert |
| 05/08/2024 | Buy Now | 211.2% | RBC Capital | $26 → $30 | Maintains | Outperform | Get Alert |
| 04/19/2024 | Buy Now | 180.08% | B. Riley Securities | → $27 | Reinstates | → Buy | Get Alert |
| 03/25/2024 | Buy Now | 169.71% | RBC Capital | $26 → $26 | Reiterates | Outperform → Outperform | Get Alert |
| 02/27/2024 | Buy Now | 159.34% | JMP Securities | $18 → $25 | Maintains | Market Outperform | Get Alert |
| 02/27/2024 | Buy Now | 169.71% | RBC Capital | $19 → $26 | Maintains | Outperform | Get Alert |
| 02/27/2024 | Buy Now | 180.08% | B. Riley Securities | $21 → $27 | Maintains | Buy | Get Alert |
| 11/09/2023 | Buy Now | 76.35% | Raymond James | $18 → $17 | Maintains | Outperform | Get Alert |
| 08/10/2023 | Buy Now | 76.35% | JMP Securities | $21 → $17 | Maintains | Market Outperform | Get Alert |
| 08/09/2023 | Buy Now | 117.84% | RBC Capital | $23 → $21 | Maintains | Outperform | Get Alert |
| 08/09/2023 | Buy Now | 65.98% | Macquarie | $23 → $16 | Downgrade | Outperform → Neutral | Get Alert |
| 08/09/2023 | Buy Now | — | Oppenheimer | — | Downgrade | Outperform → Perform | Get Alert |
| 08/09/2023 | Buy Now | 86.72% | Raymond James | $22 → $18 | Maintains | Outperform | Get Alert |
| 08/01/2023 | Buy Now | 128.22% | Raymond James | $16 → $22 | Maintains | Outperform | Get Alert |
| 06/02/2023 | Buy Now | 117.84% | JMP Securities | → $21 | Reiterates | → Market Outperform | Get Alert |
| 05/22/2023 | Buy Now | 107.47% | RBC Capital | $18 → $20 | Maintains | Outperform | Get Alert |
| 05/10/2023 | Buy Now | 65.98% | Raymond James | $17 → $16 | Maintains | Outperform | Get Alert |