Benchmark analyst Daniel Kurnos notes that Pinterest (PINS) announced they had selected Magnite (MGNI) to be their exclusive Supply-Side Platform, pointing out that color that they would not be adding other SSPs came out on the call, along with the news. ” If Magnite looked cheap before, let us just say that we think there is still plenty of time to get on board the ship before EBITDA goes to another zip code,” says the analyst, who has a Buy rating and $24 price target on Magnite shares.
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Read More on MGNI:
- Magnite’s Earnings Call Highlights Growth Amid Challenges
- Magnite price target lowered to $18.50 from $21.50 at B. Riley
- 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
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