Needham Reiterates Buy on Magnite, Maintains $15 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Laura Martin has reiterated a 'Buy' rating on Magnite (NASDAQ:MGNI) and maintained a price target of $15.
August 18, 2023 | 11:19 am
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Needham analyst Laura Martin has reiterated a 'Buy' rating on Magnite and maintained a price target of $15. This could potentially boost investor confidence in the stock.
Analyst ratings often influence investor sentiment. A reiterated 'Buy' rating indicates that the analyst continues to have confidence in the company's prospects. This could potentially lead to increased demand for the stock, pushing the price up in the short term.
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IMPORTANCE 80
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