PubMatic Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, PubMatic stock has a consensus rating of "Buy" and an average price target of $20.3. The average 1-year stock price forecast is 23.03% higher than the current stock price, while the lowest is $17 (+3.03%) and the highest is $23 (+39.39%).

Price Target: $20.3 (+23.03%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$17	$20.3	$20.5	$23
Change	+3.03%	+23.03%	+24.24%	+39.39%

Analyst Ratings

The average analyst rating for PubMatic stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '26
Strong Buy	5	5	5	5	5	5
Buy	2	2	2	2	2	4
Hold	5	5	5	5	5	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
James Heaney CFA Jefferies	Jefferies	Hold Maintains $10 → $18	Hold	Maintains	$10 → $18	+9.09%	Aug 11, 2026
Robert Coolbrith Evercore ISI	Evercore ISI	Buy Maintains $15 → $21	Buy	Maintains	$15 → $21	+27.27%	Aug 10, 2026
Matthew Swanson RBC Capital	RBC Capital	Buy Maintains $13 → $20	Buy	Maintains	$13 → $20	+21.21%	Aug 8, 2026
Eric Martinuzzi Lake Street	Lake Street	Buy Reiterates $20	Buy	Reiterates	$20	+21.21%	Aug 7, 2026
Naved Khan B. Riley Securities	B. Riley Securities	Buy Reiterates $12 → $17	Buy	Reiterates	$12 → $17	+3.03%	Aug 7, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

308.56M

from 282.93M

9.06%

from 282.93M

Revenue Next Year

334.17M

from 308.56M

8.30%

from 308.56M

EPS This Year

0.52

from 0.33

57.58%

from 0.33

EPS Next Year

0.81

from 0.52

56.15%

from 0.52

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	226.91M	256.38M	267.01M	291.26M	282.93M	308.56M
Revenue Growth	52.54%	12.99%	4.15%	9.08%	-2.86%	9.06%
Gross Profit	168.60M	174.87M	167.79M	190.23M	179.84M	204.27M
Gross Margin	74.30%	68.21%	62.84%	65.31%	63.56%	66.20%
Operating Income	58.79M	41.44M	2.04M	3.93M	-16.36M	-5.17M
Net Income	56.60M	28.71M	8.88M	12.50M	-14.46M	-5.16M
EPS	-	-	-	-	0.33	0.52
EPS Growth	-	-	-	-	-57.69%	57.58%
Forward PE	50.95	37.46	272.29	78.50	271.94	31.73
Free Cash Flow	30.98M	37.18M	66.09M	38.21M	50.82M	9.07M
No. Analysts	-	-	-	-	-	12

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	310.8M
Avg	308.6M
Low	306.8M

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	9.9%
Avg	9.1%
Low	8.4%

EPS Forecast

Chart

EPS	2026	2027	2028
High	0.58
Avg	0.52
Low	0.47

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	75.8%
Avg	57.6%
Low	42.4%