Stock Rating Upgrade
In the last week the Value Trend Rating for Magnite Inc (NASDAQ: MGNI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Magnite Inc (NASDAQ: MGNI) stock closed at $12.40 on 8/9/24 after a decline of -2.7%. Moreover, above average trading volume at 133% of normal accompanied the decline. The stock has declined -11.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MGNI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Magnite has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Magnite has a slightly negative Appreciation Score of 30 but a very high Power Rating of 93, producing the Positive Value Trend Rating.
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