Craig-Hallum Sticks to Its Buy Rating for Magnite (MGNI)

Craig-Hallum analyst Jason Kreyer maintained a Buy rating on Magnite (MGNI – Research Report) today. The company’s shares opened today at $8.83.

According to TipRanks, Kreyer is a 4-star analyst with an average return of 8.7% and a 46.69% success rate. Kreyer covers the Communication Services sector, focusing on stocks such as Cardlytics, Magnite, and Integral Ad Science.

Magnite has an analyst consensus of Strong Buy, with a price target consensus of $14.64, implying a 65.80% 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.

The company has a one-year high of $15.73 and a one-year low of $6.28. Currently, Magnite has an average volume of 1.22M.

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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.