Magnite's Growth Prospects Strengthen As CTV, Regulation Shift In Its Favor
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
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Source: Benzinga
Analyst Coverage Initiation: Barton Crockett from Rosenblatt has initiated coverage on Magnite, Inc. with a Buy rating and a price target of $18, highlighting the company's growth despite challenges posed by Google and its potential for further expansion in the Connected TV and programmatic advertising sectors.
Revenue Forecasts and Market Position: The analyst projects revenues of $747 million for 2025 and $819 million for 2026, slightly below consensus estimates, while suggesting that macroeconomic conditions may improve post-2026, potentially benefiting Magnite's performance.
Analyst Views on BUYO
Wall Street analysts forecast BUYO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BUYO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
