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.
Image source: Getty Images.
Source Fool.com