Benchmark raised the firm’s price target on Magnite (MGNI) to $18 from $16 and keeps a Buy rating on the shares, stating that the company “finished off 2024 on a high note with a beat and raise.” Given the spike ahead of the print on the “less bad than feared” PubMatic (PUBM) results a couple days ago along with earlier commentary in the space, expectations had escalated so it “will be interesting to see how the stock reacts today,” the analyst added.
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