Magnite (MGNI) PT Raised to $13 at Craig-Hallum

Craig-Hallum analyst Jason Kreyer raised the price target on the Magnite (NASDAQ: MGNI) to $13.00 (from $12.00) while maintaining a Buy rating.

The analyst said they’ve seen no lack of headlines surrounding CTV in recent weeks, with the company strengthening the relationship with Disney, the fuboTV IPO and strong action for stocks CSSE/TTD/ROKU.

Kreyer thinks the company could triple its CTV revenue alone based on the expansion of the Hulu relationship.

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