PubMatic price target raised to $20 from $17 at Rosenblatt

Rosenblatt raised the firm’s price target on PubMatic (PUBM) to $20 from $17 and keeps a Buy rating on the shares. The firm views the company’s Q3 report as better than feared. It now models $10 per share of fundamental value for the core business and $10 from the Google antitrust optionality.