In a report released on May 5, Cory Carpenter from J.P. Morgan maintained a Buy rating on MediaAlpha (MAX – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $5.75.
Carpenter covers the Technology sector, focusing on stocks such as EverQuote, MediaAlpha, and Bumble. According to TipRanks, Carpenter has an average return of -27.9% and a 17.86% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MediaAlpha with a $18.60 average price target, implying a 223.48% upside from current levels. In a report released on May 5, RBC Capital also maintained a Buy rating on the stock with a $14.00 price target.
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The company has a one-year high of $17.01 and a one-year low of $5.08. Currently, MediaAlpha has an average volume of 289K.
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MediaAlpha Inc provides a platform that facilitates insurance carriers and distributors target and acquire customers. The company’s technology platform brings leading insurance carriers and consumers together through a real-time, transparent, and results-driven ecosystem. It acts as a customer acquisition channel in the areas of property & casualty insurance, health insurance, and life insurance.
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