B. Riley Securities Maintains Buy on Magnite, Lowers Price Target to $16
Portfolio Pulse from jenniferd'souza@benzinga.com
B. Riley Securities analyst Daniel Day has maintained a 'Buy' rating on Magnite (NASDAQ:MGNI) but lowered the price target from $20 to $16.
August 10, 2023 | 1:29 pm
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B. Riley Securities has maintained a 'Buy' rating on Magnite but lowered the price target from $20 to $16.
The news is directly related to Magnite (MGNI). While the 'Buy' rating is maintained, the lowering of the price target may indicate a potential decrease in the short-term price. However, the overall impact is neutral as the 'Buy' rating suggests that the analyst still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100