The digital advertising sector is on its way up, overtaking print media, which has been steadily declining. One study says the global digital advertising market will grow to $645.8 billion by 2024, representing a compound annual growth rate (CAGR) of 14.3%. (Source: “Digital Advertising Spending Worldwide From 2019 to 2024,” Statista, last accessed April 4, 2022.)
There are numerous ways to play the strong tailwinds in the digital advertising industry. Investors can seek out shares of digital advertising giants, or, if they’re looking for a smaller contrarian opportunity, they can consider shares of PubMatic Inc (NASDAQ:PUBM).
The post PubMatic Stock Presents Opportunity to Risk $8 for Returns as High as $50 originally appeared at Profit Confidential.