Alert: Major Price Advance (11/14/23)-Magnite Inc (NASDAQ: MGNI).


Magnite Inc (NASDAQ: MGNI) stock enjoyed a major increase of 10.1% on 11/14/23. The shares closed at $7.66. The stock has been weak relative to the market over the last nine months but has risen 6.2% during the last week.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, MGNI is expected to continue to be a Value Builder.

Magnite has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Magnite has a good Appreciation Score of 77 but a poor Power Rating of 18, and the Low Neutral Value Trend Rating results.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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