In a report released today, Jason Kreyer from Craig-Hallum maintained a Buy rating on Magnite (MGNI – Research Report). The company’s shares closed yesterday at $8.69.
Kreyer covers the Communication Services sector, focusing on stocks such as Cardlytics, Magnite, and Integral Ad Science. According to TipRanks, Kreyer has an average return of 7.0% and a 42.91% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Magnite with a $14.64 average price target, which is a 68.47% upside from current levels. In a report released on April 19, B.Riley Financial also initiated coverage with a Buy rating on the stock with a $14.50 price target.
MGNI market cap is currently $1.22B and has a P/E ratio of -7.31.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Magnite (MGNI) Company Description:
Magnite, Inc. offers technology solutions that automate the purchase and sale of digital advertising inventory. Publishers use its technology to monetize their content across multiple platforms, including CTV, online video, audio, and display. Moreover, ad agencies and brands leverage Magnite’s platform to access brand-safe, high-quality ad inventory.
Read More on MGNI:
