MediaAlpha price target raised to $19 from $15 at TD Cowen

TD Cowen analyst Andrew Kligerman raised the firm’s price target on MediaAlpha to $19 from $15 and keeps an Outperform rating on the shares. The firm said the company’s revenue transaction value and Adjusted EBITDA all exceeded previous guidance and the company is positioned to continue top-line expansion and bottom-line recovery in 2024.