Magnite Secures Key Partnerships, Analysts Bullish on Stock

Friday, 24 May 2024, 17:05
Magnite stock skyrockets as top analyst upgrades rating to buy, pointing to recent landmark deals with major companies. With endorsements from important firms like Netflix and Paramount, Magnite is poised for a potential turnaround. Investors take notice as overlooked adtech stock emerges as a promising investment opportunity.
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Magnite Secures Key Partnerships, Analysts Bullish on Stock

Magnite Secures Big Deals

Shares of Magnite (NASDAQ: MGNI) soared after Bank of America analyst Omar Dessouky upgraded the stock from neutral to buy, citing recent partnerships that include Netflix and Shopsense AI.

Netflix Partnership

  • Magnite selected as key partner in Netflix's programmatic ad strategy.

Partnership with Shopsense AI

  1. Collaboration with Shopsense AI to make streaming-video ads shoppable without interrupting the content.

With a substantial portion of revenue from connected TV and potential growth opportunities, Magnite's stock is catching investor attention.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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