Why Connected TV Stock Magnite Is a Buy After Q3 2020
Our experts issued a rare "Double Down" Buy alert on this one stock... Learn more.
As expected, advertising dollars hit the pause button early on in the COVID-19 pandemic but have come roaring back as the year has progressed. And it's clear that digital marketing is winning a share of the massive global ad spending pie at the fastest rate in years as advertising activity returns. This has been working in favor of Magnite (NASDAQ: MGNI) -- the product of a merger between Rubicon Project and Telaria over the summer of 2020 -- and the tailwind provided by digital ads is only expected to continue over the next decade.
Image source: Getty Images.
Source Fool.com
