Top analyst: This digital ad play may rise 80%

Source: TubeMogul

Editor's note: TipRanks is a tech company that ranks analysts and financial bloggers based on their picks' performance. The goal of this piece is to highlight an analyst who has a great track record, rather than the ones from the biggest firms.

One of Wall Street's best analysts says investors should buy TubeMogul after earnings.

Picks by Piper Jaffray's Gene Munster had a 16.4 percent one-year average return, according to TipRanks. His stock-picking acumen is ranked in the top 1 percent of all Wall Street analysts.

Munster maintained his $23 price target on the stock, which would be a jump of nearly 80 percent from its Monday closing price of $12.84 a share.

Here's why the analyst is bullish on the stock.

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