Scotiabank analyst Nat Schindler raised the firm’s price target on Magnite (MGNI) to $30 from $22 and keeps an Outperform rating on the shares. While the company posted a strong quarterly beat, Magnite provided conservative guidance, the analyst tells investors. The firm remains positive on the stock and believes it is one of the more well-positioned stocks in the adtech sector under its coverage.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGNI: