
Pubmatic (PUBM) Stock Forecast & Price Target
Pubmatic (PUBM) Analyst Ratings
Bulls say
PubMatic Inc. is experiencing significant growth in several key areas, notably with Connected TV (CTV) revenue increasing over 50% year-over-year in the third quarter of 2025, driven by its relationships with over 90% of the top streaming companies. The company has also seen its direct buying platform, Activate, and data leveraging platform, Connect, achieve growth rates of 100% and 40% year-over-year, respectively, while emerging revenue streams, including commerce media, have risen to 10% of total sales. Furthermore, management anticipates a return to double-digit year-over-year growth in the second half of 2026, indicating a robust outlook amid current market dynamics, as illustrated by the upward adjustment of revenue estimates for fiscal year 2025 and anticipated growth for fiscal year 2026.
Bears say
PubMatic Inc. has reported a revenue decline of approximately 5% year-over-year to $68.0 million, despite exceeding its guidance and consensus expectations, primarily driven by strong growth in connected television and emerging revenue streams. The company's profitability outlook remains weak, with adjusted EBITDA guidance for Q4 2025 anticipated to drop significantly, reflecting currency headwinds and the impact of challenges faced with a major legacy demand-side platform partner. Additionally, there are concerns regarding a potential cyclical downturn in GDP growth that could further adversely affect the company's financial performance moving forward.
This aggregate rating is based on analysts' research of Pubmatic and is not a guaranteed prediction by Public.com or investment advice.
Pubmatic (PUBM) Analyst Forecast & Price Prediction
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