Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on Magnite (MGNI – Research Report) today and set a price target of $18.00. The company’s shares closed last Friday at $10.51.
According to TipRanks, Kurnos is a 4-star analyst with an average return of 4.2% and a 44.68% success rate. Kurnos covers the Communication Services sector, focusing on stocks such as Magnite, Zillow Group Class A, and Gray Television.
Magnite has an analyst consensus of Strong Buy, with a price target consensus of $15.50, representing a 47.48% upside. In a report released on March 22, Craig-Hallum also reiterated a Buy rating on the stock with a $18.00 price target.
MGNI market cap is currently $1.47B and has a P/E ratio of -8.85.
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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.
Read More on MGNI:
- Magnite management to meet with Craig-Hallum
- Magnite, MediaOcean enter exclusive partnership for automation
- Mediaocean and Magnite Strike Exclusive Partnership to Automate Media Planning, Execution, and Reconciliation in Streaming TV
- Magnite price target raised to $18 from $13 at Macquarie
- Magnite price target raised to $18 from $11 at Craig-Hallum
