BofA analyst Omar Dessouky raised the firm’s price target on Magnite (MGNI) to $17 from $15 and keeps a Buy rating on the shares. New partner wins since Q1 results – including Netflix (NFLX), United Airlines (UAL) and Spectrum – support continued share gains and could prompt management to upgrade its “seemingly conservative” FY24 guidance, the analyst tells investors in a Q2 preview note.
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