B. Riley analyst Zach Cummins lowered the firm’s price target on Magnite (MGNI) to $18.50 from $21.50 and keeps a Buy rating on the shares. Magnite reported “strong” Q1 results and solid trends to start Q2, but tariff uncertainty resulted in Q2 guidance that was below consensus and a withdrawn FY25 outlook, the analyst tells investors in a research note.
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Read More on MGNI:
- Magnite price target lowered to $24 from $25 at Benchmark
- Magnite price target lowered to $19 from $21 at Lake Street
- Magnite’s Strong Q1 Performance and Strategic Advancements Justify Buy Rating Despite Macroeconomic Caution
- Magnite, Inc. Reports Strong Q1 2025 Results
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