Craig-Hallum Reaffirms Their Buy Rating on Magnite (MGNI)

Craig-Hallum analyst Jason Kreyer maintained a Buy rating on Magnite (MGNI – Research Report) today. The company’s shares closed yesterday at $9.42.

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 12.2% and a 47.79% success rate on recommended stocks.

Currently, the analyst consensus on Magnite is a Strong Buy with an average price target of $15.14.

MGNI market cap is currently $1.32B and has a P/E ratio of -7.93.

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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.