Benchmark raises Magnite price target, would be ‘aggressive buyers’

Benchmark analyst Daniel Kurnos raised the firm’s price target on Magnite (MGNI) to $25 from $21 and keeps a Buy rating on the shares following earnings. Magnite “brought a lot to the debate table for both sides with a headline miss but a CTV beat and an in-line 2025 guide,” the analyst tells investors. The firm continues to believe shares are “significantly undervalued” and would be “aggressive buyers on weakness” as Magnite remains one of the analyst’s top ideas.