Lake Street analyst Eric Martinuzzi lowered the firm’s price target on Magnite (MGNI) to $19 from $21 and keeps a Buy rating on the shares. While its business executed well in Q1 and thus far in Q2, Magnite is seeing signs of weakness in certain verticals and the firm believes the company is “acting prudently” in giving just Q2 guidance and stepping away from its prior full year 2025 outlook, the analyst tells investors.
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