Truist Securities Reiterates Buy on Magnite, Maintains $15 Price Target
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Matthew Thornton has reiterated a 'Buy' rating on Magnite (NASDAQ:MGNI) and maintained a price target of $15.
July 11, 2023 | 12:17 pm
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POSITIVE IMPACT
Magnite's stock has been reiterated as a 'Buy' by Truist Securities with a maintained price target of $15.
The reiteration of a 'Buy' rating by a reputable analyst like Matthew Thornton from Truist Securities is a positive signal for Magnite. The maintained price target of $15 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100