PubMatic Shares Rise After Craig Hallum Initiates Coverage at Buy

MT newswire2026/09/24 18:25

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02:25 PM EDT, 09/24/2026 (MT Newswires) -- PubMatic (PUBM) shares rose 5.4% in Thursday trading after Craig Hallum initiated coverage with a buy rating and a price target of $24 per share. Trading volume stood at over 882,000 shares compared with a daily average of about 659,000. Price: 18.39, Change: +0.94, Percent Change: +5.36

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Indian regulators announced on Thursday that they will allow the country’s $463 billion portfolio management industry to invest in overseas securities for the first time and to conduct short-selling in stock options. This move opens up new channels for India’s wealthy class to access global markets and holds significance for AI-related assets, which have attracted strong investor interest. Additionally, India will launch new portfolio management products with lower investment thresholds.

华尔街见闻•2026/09/24 21:16