Magnite jumps after BofA Global upgrades rating, raises PT

Magnite

24/05/2024 17:15

** Shares of online advertising company Magnite  MGNI.O 
jump 12.2% to $12.42
    ** BofA Global Research upgrades rating to "buy" from "hold"
    ** Also raises price target to $15 from $13
    ** Of 10 analysts covering MGNI stock, nine rate "buy" or
higher and one "hold"; median PT of $15 - LSEG data
    ** Including session's move stock is up ~33% YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))