Rosenblatt raises price target for Magnite stock due to potential benefits from AdTech ruling

From Barchart: 2025-06-30 15:19:00

Shares of Magnite (NASDAQ:MGNI) surged 13.8% to a new 52-week high after Rosenblatt raised its price target to $39 from $18, citing potential benefits from an ongoing AdTech antitrust ruling against Google. The stock closed at $24.11, up 14.2% from previous close. Magnite’s shares have been extremely volatile, with 33 moves greater than 5% in the last year. The stock is up 49.6% since the beginning of the year and has set a new high. Investors who bought $1,000 worth of Magnite shares 5 years ago would now have an investment worth $3,612.



Read more at Barchart: Why Magnite (MGNI) Stock Is Up Today