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.
MAX shares gained 3.8% recently, indicating potential upside. Analysts' mean price target is $24.83, suggesting 67.4% upside. Zacks Consensus Estimate for MAX increased by 246.2% over a month. MAX has a Zacks Rank #1, indicating strong buy potential. Narrow price target variability implies analyst agreement on MAX's direction.
