MAX

Insurance customer acquisition platform MediaAlpha (NYSE:MAX) announced better-than-expected revenue in Q3 2026, with sales up 22.7% year on year to $375.9 million. On top of that, next quarter’s revenue guidance ($365 million at the midpoint) was surprisingly good and 9.8% above what analysts were expecting. Its GAAP profit of $0.46 per share was 49.5% above analysts’ consensus estimates.

MediaAlpha delivered a quarter that exceeded Wall Street’s expectations, prompting a significant positive market reaction. Management highlighted that broadening carrier participation and intensifying competition for insurance policy growth fueled revenue growth across the platform. CEO Steven Yi attributed the strong performance to higher carrier budgets in both auto and home insurance, as well a

2026-10-30. The following slide deck was published by MediaAlpha, Inc.

MediaAlpha (MAX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

MediaAlpha entered this Q3 2026 report with a reputation as a cheap, controversial online insurance marketplace, trading on a low P/E and facing heavy debate about how real its earnings power is. The stock then rose 20.6% in a single session to US$14.13 after management called it the best quarter in the company’s history and reported US$376m of revenue and US$39m of adjusted EBITDA. The excitement

Canaccord Genuity analyst Michael Graham maintains MediaAlpha (NYSE:MAX) with a Buy and raises the price target from $17 to $18.

JP Morgan analyst Bryan Smilek maintains MediaAlpha (NYSE:MAX) with a Neutral and raises the price target from $15 to $16.

RBC Capital analyst Ben Hendrix maintains MediaAlpha (NYSE:MAX) with a Outperform and raises the price target from $15 to $17.