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Magnite's stock target price was raised despite missing earnings, with most analysts recommending a "buy."
Magnite, an independent advertising platform, saw its stock price target raised by Benchmark to $25.00, indicating a potential 42.45% increase.
Despite missing earnings expectations, several analysts are bullish on the stock, with 12 out of 13 analysts recommending a "buy."
The company reported strong growth in connected TV (CTV) but faced challenges in its Direct View (DV+) business.
Magnite's stock has a market cap of $2.47 billion and is primarily owned by institutional investors.
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El precio objetivo de Magnite se elevó a pesar de las ganancias perdidas, y la mayoría de los analistas recomendaron una "compra".