Needham maintains "Buy" rating for Magnite with $15 target, while Q2 revenue increased by 6.8% to $162.88M.
Needham & Company LLC has maintained its "Buy" rating for Magnite (MGNI), setting a target price of $15.00, while other analysts have rated it similarly, with a consensus target of $17.25. In Q2, Magnite reported $0.14 EPS and $162.88 million in revenue, up 6.8% year-over-year, but had a negative net margin of 0.83%. Institutional investors hold 73.40% of the stock, which has a market cap of $1.72 billion.
October 05, 2024
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