Upgrades for Micron, Magnite, and GoodRx Holdings are expected to outperform in next 12 months.

From Investing.com: 2024-05-26 04:51:53

broadcasters and publishers. BofA Securities highlights MGNI’s strong position to benefit from key industry dynamics, including the rapid acceleration of CTV ad budgets, expected migration of linear budgets to CTV platforms, and the ongoing shift to programmatic advertising. The firm projects robust revenue growth and margin expansion for MGNI over the next few years, resulting in substantial value creation for shareholders. Buy at BofA Securities means “BofA expects the stock to outperform relative to other stocks in its coverage universe over the next 12 months.” How did the stock react? Magnite opened the regular session at $9.90 and closed at $12.51, a gain of 12.08% from the prior day regular close.



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