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Analysts Offer Insights on Services Companies: XpresSpa Group (XSPA) and Magnite (MGNI)

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on XpresSpa Group (XSPAResearch Report) and Magnite (MGNIResearch Report) with bullish sentiments.

XpresSpa Group (XSPA)

In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on XpresSpa Group, with a price target of $2.00. The company’s shares closed last Tuesday at $0.82, close to its 52-week low of $0.78.

According to TipRanks.com, Buck has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.5% and a 31.6% success rate. Buck covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Intellicheck Mobilisia, and Lightpath Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for XpresSpa Group with a $2.00 average price target.

See the top stocks recommended by analysts >>

Magnite (MGNI)

In a report released today, Laura Martin from Needham maintained a Buy rating on Magnite, with a price target of $25.00. The company’s shares closed last Tuesday at $10.49, close to its 52-week low of $8.57.

According to TipRanks.com, Martin is a 4-star analyst with an average return of 4.2% and a 44.0% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Paramount Global Class B, and Tremor International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magnite with a $18.71 average price target, which is an 81.5% upside from current levels. In a report issued on May 5, RBC Capital also maintained a Buy rating on the stock with a $22.00 price target.

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