PUBM trades 8.4% below Wall Street's consensus target of $19.38.
Last 12 months price action with 12-month analyst target path
The base valuation assumes PUBM achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 17 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 22, 2026, PubMatic, Inc. (PUBM) has a Wall Street consensus price target of $19.38, based on estimates from 17 covering analysts. With the stock currently trading at $17.88, this represents a potential upside of +8.4%. The company has a market capitalization of $835M.
Analyst price targets range from a low of $13.00 to a high of $23.00, representing a 52% spread in expectations. The median target of $20.50 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 11 analysts rating the stock as a Buy or Strong Buy,6 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, PUBM trades at a trailing P/E of -57.7x. Analysts expect EPS to grow +65.4% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MGNIMagnite, Inc. | $3.6B | $25.31 | $28.00 | +10.6% | Buy | 22.3x | 32 |
 TTDThe Trade Desk, Inc. | $6.5B | $13.88 | $14.72 | +6.1% | Hold | 35.4x | 47 |
 DVDoubleVerify Holdings, Inc. | $2.1B | $13.44 | $13.47 | +0.2% | Hold | 30.5x | 34 |
 IASIntegral Ad Science Holding Corp. | $1.7B | $10.34 | $14.29 | +38.2% | Buy | 27.5x | 12 |
 CRTOCriteo S.A. | $844M | $16.80 | $22.08 | +31.4% | Buy | 4.8x | 35 |
 APPAppLovin Corporation | $110.9B | $330.17 | $532.25 | +61.2% | Buy | 20.9x | 27 |
 APPSDigital Turbine, Inc. | $1.5B | $12.05 | $17.75 | +47.3% | Buy | 30.5x | 12 |
 KXINKaixin Auto Holdings | $2M | $1.54 | — | — | — | — | — |
 VNETVNET Group, Inc. | $2.0B | $7.24 | $16.90 | +133.6% | Buy | — | 16 |
 GOOGLAlphabet Inc. | $4.3T | $354.97 | $431.57 | +21.6% | Buy | 17.2x | 83 |
Quick answers to the most common questions about buying PUBM stock.
The consensus price target for PUBM is $19.38, close to the current price of $17.88 (8.4% implied move). Based on 17 analyst estimates, the stock appears fairly valued near current levels.
PUBM has a consensus rating of "Buy" based on 17 Wall Street analysts. The rating breakdown is predominantly bullish, with 11 Buy/Strong Buy ratings. The consensus 12-month price target of $19.38 implies 8.4% upside from current levels.
PUBM's current price is $17.88 with a consensus target of $19.38 (8.4% implied move). Analyst estimates suggest the stock is fairly valued at current levels.
The most bullish Wall Street analyst has a price target of $23 for PUBM, while the most conservative target is $13. The consensus of $19.38 represents the median expectation. These targets typically reflect 12-month expectations.
PUBM is well covered by analysts, with 17 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 6 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month PUBM stock forecast based on 17 Wall Street analysts shows a consensus price target of $19.38, with estimates ranging from $13 (bear case) to $23 (bull case). The median consensus rating is "Buy".
PUBM appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $19.38 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
PUBM analyst price targets range from $13 to $23, a 52% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $19.38 consensus represents the middle ground.
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