Magnite Reports Third Quarter 2022 Results

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Go back to Magnite Reports Third Quarter 2022 Results

Magnite (MGNI) PT Lowered to $14 at Benchmark

November 10, 2022 6:04 AM EST

Benchmark analyst Dan Kurnos lowered the price target on Magnite (NASDAQ: MGNI) to $14.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "Yesterday after the close, Magnite (MGNI: Buy, PT from $18 to $14) posted strong 3Q22 results, headlined by CTV ex-TAC revenue upside and $6 million of adjusted EBITDA flow-through. 4Q... More