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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MGNI:
- Magnite Reports Fourth Quarter and Full-Year 2023 Results
- Is MGNI a Buy, Before Earnings?
- Magnite to Participate in the SIG Susquehanna Financial Group 13th Annual Technology Conference
- Magnite to Announce Fourth Quarter 2023 Financial Results on February 28, 2024
- 3 Best Stocks to Buy Now, 1/24/2024, According to Top Analysts
