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Magnite Inc (MGNI) Stock: Do Analysts Think You Should Hold?

Tuesday, May 24, 2022 10:44 AM | InvestorsObserver Analysts
Magnite Inc (MGNI) Stock: Do Analysts Think You Should Hold?

Analysts who follow Magnite Inc (MGNI) on average expect it to climb 221.00% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 63, which means it ranks higher than 63 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.7
Wall Street analysts are rating MGNI a Strong Buy today. Find out what this means to you and get the rest of the rankings on MGNI!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Magnite Inc Stock Today?

Magnite Inc (MGNI) stock is trading at $9.19 as of 10:43 AM on Tuesday, May 24, a loss of -$1.46, or -13.71% from the previous closing price of $10.65. The stock has traded between $9.12 and $10.17 so far today. Volume today is low. So far 1,017,520 shares have traded compared to average volume of 2,052,951 shares. Click Here to get the full Stock Report for Magnite Inc stock.

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