B of A Securities Maintains Neutral on Magnite, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Omar Dessouky maintains a Neutral rating on Magnite (NASDAQ:MGNI) and raises the price target from $11 to $13.
February 29, 2024 | 3:23 pm
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POSITIVE IMPACT
B of A Securities has maintained a Neutral rating on Magnite and increased the price target from $11 to $13.
The increase in price target from $11 to $13 by a reputable analyst firm like B of A Securities suggests a positive outlook on Magnite's stock value in the short term. Although the rating remains Neutral, the upward revision in price target can be seen as a bullish signal, potentially leading to increased investor confidence and a positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90