Needham raised the firm’s price target on Magnite (MGNI) to $18 from $14 and keeps a Buy rating on the shares. The firm is positive on the company integrating SpringServe ad server into its SSP platform to create a new “mediation layer” that enables holistic yield management, advanced targeting, and new CTV ad formats, as well as the strong current ad trends, with minimal negative impact from tariffs so far, the analyst tells investors in a research note.
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