Wells Fargo Initiates Coverage On Magnite with Equal-Weight Rating, Announces Price Target of $13
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Magnite (NASDAQ:MGNI) with an Equal-Weight rating and set a price target of $13.
October 28, 2024 | 10:09 pm
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Wells Fargo has initiated coverage on Magnite with an Equal-Weight rating and a price target of $13, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that Wells Fargo sees Magnite's stock as fairly valued at current levels. The price target of $13 provides a specific valuation benchmark, but the neutral rating implies no strong expectation of significant price movement in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100