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Goldman Sachs initiated coverage on MAX with a Buy rating and $20 target. MediaAlpha is set to benefit from insurance digital advertising growth. MAX's revenue is projected to grow over 20%, driven by industry recovery. Analyst expects EBITDA margin to rise from 7% to 11% by 2029. Second-quarter EPS of $0.07 surpassed expectations; sales also exceeded estimates.
- Goldman Sachs initiated coverage on MAX with a Buy rating and $20 target.
- MediaAlpha is set to benefit from insurance digital advertising growth.
- MAX's revenue is projected to grow over 20%, driven by industry recovery.
- Analyst expects EBITDA margin to rise from 7% to 11% by 2029.
- Second-quarter EPS of $0.07 surpassed expectations; sales also exceeded estimates.
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