Matthew Swanson of RBC Capital has maintained a Buy rating on Magnite, setting a price target at $19.00, which exceeds the stock's current price of $13.04.
Magnite's recent earnings report showcased quarterly revenue growth of $162.88 million, up from $152.54 million the previous year, indicating a positive trend despite a small GAAP net loss.
The market sentiment surrounding Magnite is robust, with a Strong Buy consensus rating and an average price target of $17.81, suggesting potential upside for investors.
Magnite specializes in automating digital advertising solutions, facilitating transactions for publishers and brands across various platforms, thereby enhancing monetization opportunities and brand safety.
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