Why Magnite Stock Jumped Today
Shares of Magnite (NASDAQ: MGNI) were up 12.6% as of 1:49 p.m. EDT, and an analyst upgrade seemed to be the primary reason why, though news that SpotX, its recent acquisition, had signed a new customer may also have given the stock a boost.
Truist analyst Matthew Thornton raised his rating on the stock from hold to buy, though he maintained his price target at $37, a reflection of the stock's having fallen sharply in the last few months.
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Source Fool.com
