RBC Capital reiterated an Outperform rating and $26.00 Price Target on The Rubicon Project, Inc. (NYSE: RUBI) following the company's 3Q15 earnings results. RUBI reported Non-GAAP Net Revenue and Adj. EBITDA of $57.9MM and $12.6MM above Street estimates at $52MM/$6MM, respectively.

Analyst Rohit Kulkarni commented, "RUBI reported a small beat Q3 result and tweaked up ‘15 guidance again. Managed Revenue increased 45% Y/Y, and higher Take Rates coupled with clean leverage led to record high 80%+ Net Revenue growth and 100%+ EBITDA growth. Reiterate Outperform. PT stays at $26. RUBI will be presenting at RBC’s TIMT Conference Nov. 10-11 in New York."

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Shares of The Rubicon Project, Inc. closed at $16.53 yesterday.