Magnite (MGNI) PT Raised to $63 at Craig-Hallum Following 'Game Changing' SpotX Deal
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Magnite (MGNI) PT Raised to $70 at Needham & Company, Remains Top 2021 Stock Pick
February 9, 2021 6:18 AM ESTNeedham & Company analyst Laura Martin raised the price target on Magnite (NASDAQ: MGNI) to $70.00 (from $30.00) while maintaining a Buy rating.
The analyst comments "Magnite (MGNI) is our top stock pick for 2021, and we raise our PT based on the SpotX... More
Magnite (MGNI) Reports Acquisition of SpotX from RTL Group for $1.17B in Cash and Shares
February 5, 2021 6:43 AM ESTMagnite (NASDAQ: MGNI), the largest independent sell-side advertising platform, today announced that it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. SpotX is one of the leading platforms shaping CTV and video advertising globally.
Together, Magnite and SpotX will create the largest independent CTV and video advertising platform in the programmatic marketplace. The combined company will provide better support for sellers, create an alternative to the CTV advertising markets largest players, and greatly improve scale and efficiency for buyers.
Sellers have... More
