Thursday | ||||
On The Fly
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What Wall Street is saying about Alphabet ahead of earnings »
11:28 02/02/23 02/0211:28 02/02/2311:28
GOOGL
Alphabet
Alphabet
Trade Desk
Microsoft
Amazon.com
Apple
AppLovin
PubMatic
Magnite
Alphabet (GOOG, GOOGL),… ShowHide Related Items >><<
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Over a week ago | ||||
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Alphabet price target lowered to $130 from $135 at Oppenheimer »
06:12 01/26/23 01/2606:12 01/26/2306:12
GOOG
Alphabet
Alphabet
Microsoft
Amazon.com
Apple
AppLovin
PubMatic
Magnite
Trade Desk
Oppenheimer analyst Jason… Oppenheimer analyst Jason Helfstein lowered the firm's price target on Alphabet (GOOG) to $130 from $135 and keeps an Outperform rating on the shares. The firm notes that the DOJ has filed an antitrust suit, requesting a divestiture of Ad Manager Suite, essentially reversing the 2007 DoubleClick acquisition. In a blog post, Google cited growing competition including Xandr (MSFT), Amazon (AMZN), Apple (AAPL), TikTok, AppLovin (APP), PubMatic (PUBM), Magnite (MGNI), and Trade Desk (TTD), among others, and its defense against TX AG. Microsoft's lawsuit in 1998 took six years to settle, in the interim, Oppenheimer expects about $6B in annual cash flow from its Adtech, deprecate/removal of cookies from Chrome--which will weaken 3P competitors without Search data--and see open-web transform with AI and other emerging technologies. While 3P Adtech is the easiest area for the government to target, the firm thinks the Apple Search relationship and smartphone duopoly would have a wider ranging impact on Google long-term. ShowHide Related Items >><<
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Downgrade
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PubMatic downgraded to Negative from Neutral at Vertical Group »
08:04 01/24/23 01/2408:04 01/24/2308:04
PUBM
PubMatic
Vertical Group downgraded… Vertical Group downgraded PubMatic to Negative from Neutral. ShowHide Related Items >><<
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Over a month ago | ||||
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PubMatic price target lowered to $22 at Oppenheimer on hiring costs »
16:06 12/15/22 12/1516:06 12/15/2216:06
PUBM
PubMatic
Oppenheimer analyst Jason… Oppenheimer analyst Jason Helfstein lowered the firm's price target on PubMatic to $22 from $23 and keeps an Outperform rating on the shares after updating his model to reflect increased headcount flowing though FY23, 3%-5% cost of living increases and the return of the 1Q Global Sales event, which reduces his FY23 and FY24 EBITDA estimates by 7% and 6%, respectively. ShowHide Related Items >><<
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PubMatic price target lowered to $15 from $16 at Jefferies »
07:50 12/15/22 12/1507:50 12/15/2207:50
PUBM
PubMatic
Jefferies analyst James… Jefferies analyst James Heaney lowered the firm's price target on PubMatic to $15 from $16 and keeps a Hold rating on the shares as he took over lead coverage of the stock. In his view, the Street is "overly optimistic" on digital advertising growth in 2023 and 2024. He lowered his FY23 revenue estimates across his coverage by 3%-7%, bringing his forecasts 5%-10% below consensus, Heaney noted. ShowHide Related Items >><<
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Conference/Events
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PubMatic management to meet with Oppenheimer »
04:55 12/09/22 12/0904:55 12/09/2204:55
PUBM
PubMatic
Meeting to be held with… Meeting to be held with CFO Pantelick in Canada on December 9 hosted by Oppenheimer. ShowHide Related Items >><<
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Conference/Events
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PubMatic management to meet with Oppenheimer »
14:55 12/05/22 12/0514:55 12/05/2214:55
PUBM
PubMatic
Meeting to be held with… Meeting to be held with CFO Pantelick in Canada on December 9 hosted by Oppenheimer. ShowHide Related Items >><<
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Hot Stocks
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PubMatic enters SPO partnership with Horizon Media »
07:10 11/21/22 11/2107:10 11/21/2207:10
PUBM
PubMatic
Horizon Media announced a… Horizon Media announced a supply path optimization, SPO, partnership with PubMatic. Buying premium media inventory has become increasingly complex across formats and devices, with new challenges in targeting fragmented audiences. Partnering with PubMatic will add value to Horizon Media clients' direct, transparent, and simplified access to high-value audiences and premium inventory, including CTV, at unprecedented scale. Through the partnership, Horizon Media and PubMatic will collaborate on next-generation solutions to provide automated bid optimization using bespoke advertiser-level performance signals. "Horizon Media is a great partner in driving efficiency, transparency, and innovation to enable the development of digital advertising and its benefits for brands, publishers, and consumers," said Kyle Dozeman, Chief Revenue Officer, Americas, at PubMatic. "Their media buying scope combined with our omnichannel quality and scale provides one of the most robust media opportunities on the open internet for both brands and publishers. We're looking forward to delivering more custom capabilities that further improve the media buying process, deliver deeper insights, and ultimately create more value." ShowHide Related Items >><<
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Recommendations
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PubMatic price target lowered to $19 from $24 at Lake Street »
08:55 11/09/22 11/0908:55 11/09/2208:55
PUBM
PubMatic
Lake Street analyst Eric… Lake Street analyst Eric Martinuzzi lowered the firm's price target on PubMatic to $19 from $24 and keeps a Buy rating on the shares following a Q3 revenue shortfall due to weakened demand in all geographies amid growing economic uncertainty. While he has lowered his estimates, he likes the fact that PubMatic has scale, cash, and cash flow and believes the company will take share during the downturn, the analyst said. ShowHide Related Items >><<
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Recommendations
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PubMatic price target lowered to $22 from $34 at JMP Securities »
06:37 11/09/22 11/0906:37 11/09/2206:37
PUBM
PubMatic
JMP Securities analyst… JMP Securities analyst Andrew Boone lowered the firm's price target on PubMatic to $22 from $34 but keeps an Outperform rating on the shares. The company's Q3 results were mixed but performance worsened into October as Q4 guidance calls for just 1% revenue growth, the analyst tells investors in a research note. Boone adds however that PubMatic can continue to consolidate spend onto its platform through SPO while it remains well positioned across mobile, video, and CTV. ShowHide Related Items >><<
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