Key Takeaways From Magnite Analyst Ratings
Portfolio Pulse from Benzinga Insights
Magnite (NASDAQ:MGNI) has received positive analyst ratings over the past three months, with 9 analysts expressing bullish sentiments. The average 12-month price target has increased to $18.0, with a high of $21.00 and a low of $15.00. Magnite's financial performance shows a revenue growth rate of 6.78% and strong profitability metrics, despite being smaller than industry peers.
August 20, 2024 | 1:00 pm
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Magnite has received predominantly bullish analyst ratings, with an increased average price target of $18.0. The company's financial performance is strong, with a 6.78% revenue growth rate and effective cost control.
The majority of analysts have given Magnite a 'Buy' rating, indicating positive sentiment. The increase in the average price target suggests expectations of future growth. Magnite's financial metrics, such as revenue growth and profitability, support this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100