Magnite, Inc. (NASDAQ:MGNI) is among the most promising growth stocks according to analysts. On January 6, Magnite, Inc. (NASDAQ:MGNI) announced a real-time data integration with Cognitiv, an advanced performance partner powered by deep learning. This collaboration aims to strengthen curation capabilities available across ClearLine, the company’s unified activation and curation offering. Offering media buyers an effective way to plan, test, and activate custom-curated deals, this partnership will enhance flexibility in premium video inventory.
As stated by Andrew Bez, VP, Enterprise Sales at Magnite, Inc. (NASDAQ:MGNI),
“Buyers are turning to curated marketplaces to access high-quality supply with greater intelligence and Cognitiv’s deep learning capabilities set a new bar for what intelligent curation can deliver.”
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Investors are eyeing the company’s upcoming appearance at the Needham 28th Annual Growth Conference in New York City. Scheduled for Wednesday, January 14, the conference will feature in-person investor meetings hosted by the executive team of Magnite, Inc. (NASDAQ:MGNI).
On January 5, Matthew Swanson, an analyst at RBC Capital, reaffirmed a ‘Buy’ rating on Magnite, Inc. (NASDAQ:MGNI), while setting a price target of $27. Matching the consensus estimate, the firm’s price target reflects an upside potential of 65.44%.
Magnite, Inc. (NASDAQ:MGNI) is a New York-based company operating an independent omni-channel sell-side advertising platform. Founded in 2007, the company markets its offerings through sales teams based in various regions.
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