Evercore ISI Group Upgrades Magnite to Outperform, Raises Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Mark Mahaney has upgraded Magnite (NASDAQ:MGNI) from In-Line to Outperform and raised the price target from $11 to $14.
August 16, 2023 | 11:04 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Magnite's stock has been upgraded to Outperform by Evercore ISI Group, with a raised price target of $14.
The upgrade from In-Line to Outperform by Evercore ISI Group indicates a positive outlook for Magnite. The raised price target from $11 to $14 suggests that the analyst believes the stock has potential for significant growth in the short term. This could lead to increased investor interest and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100