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Is PubMatic Stock a Buy Now?

TheMotleyFool

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Is PubMatic Stock a Buy Now?: https://g.foolcdn.com/editorial/images/771291/marketing_office_workers_gathered_around_computer-gettyimages-1332176311.jpg

In 2024, digital advertising is forecasted to grow 13% over last year, and account for nearly 70% of global ad spending. This is good news for ad tech firm PubMatic (NASDAQ: PUBM).

In fact, the advertising industry's strong growth is already helping the company. PubMatic experienced a phenomenal fourth quarter, sending its stock to a 52-week high of $24.19 on April 4.

Shares have dipped since then, so is now the time to buy PubMatic stock? To answer that question, let's take a look at the company to determine if it makes sense as a long-term investment.

Source Fool.com

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