Magnite shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $13 to $15.
Portfolio Pulse from Benzinga Newsdesk
Magnite shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $13 to $15.
May 24, 2024 | 2:42 pm
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POSITIVE IMPACT
Magnite shares are experiencing a positive impact after B of A Securities upgraded the stock from Neutral to Buy and increased the price target from $13 to $15.
The upgrade from Neutral to Buy by a major financial institution like B of A Securities is a strong positive signal for investors. Additionally, the raised price target from $13 to $15 suggests increased confidence in the company's future performance, likely driving short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100