RBC Capital Maintains Outperform on Magnite, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Magnite (NASDAQ:MGNI) and increased the price target from $13 to $15.
February 29, 2024 | 5:13 pm
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POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Magnite and raised the price target from $13 to $15.
The upgrade in price target by a reputable analyst like Matthew Hedberg suggests a strong confidence in Magnite's future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100