Canaccord lowered the firm’s price target on MediaAlpha (MAX) to $15 from $26 and keeps a Buy rating on the shares. The firm said Q4 results came in well ahead of guidance, with Transaction Value, Revenue, and adj. EBITDA all ahead of expectations, as the Auto insurance recovery continues its momentum.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAX:
- MediaAlpha’s Strategic Positioning and Growth Potential Amid Challenges: A Buy Recommendation by Cory Carpenter
- MediaAlpha price target lowered to $19 from $22 at Keefe Bruyette
- MediaAlpha’s Robust Growth and Long-term Potential: A Buy Recommendation by Adam Klauber
- MediaAlpha Reports Record Growth in 2024 Earnings
- MediaAlpha sees Q1 revenue $225M -$245M, consensus $268.57M