Why Magnite Stock Is Up Sharply Again Today

Shares of Magnite (NASDAQ: MGNI), the world's largest independent sell-side ad tech platform, are rising sharply again on Wednesday, extending a strong run-up in the stock price over the past week. The stock rose as much as 22% but is up about 18% as of 12:20 p.m. EST.

The tech stock's gain builds on momentum following increased bullishness for the stock from analysts. Analysts' optimism for the company has been growing as they recognize the company's potential as the leading sell-side platform (SSP).

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Source Fool.com