PubMatic price target lowered to $21 from $24 at Lake Street

Lake Street lowered the firm’s price target on PubMatic (PUBM) to $21 from $24 and keeps a Buy rating on the shares. While the firm feels the company “has a grip on its business and that better times lie ahead,” it lowered its 2025 revenue and AEBITDA estimates and notes that its revised 2025 revenue forecast is flat with 2024.