Kiwi_G
11-21 02:10

Great article, would you like to share it?

@Barcode：$Magnite, Inc.(MGNI)$ 🔺🅱️🆄🅻🅻🅸🆂🅷📈 📈💡📈 MGNI: Magnite’s Mighty Momentum ~ 🎯 $28! 💡📈💡 Kia ora Tiger traders! My Take: Bullish at today’s open~Magnite Inc. (NASDAQ: MGNI) is climbing the charts with explosive momentum, targeting $28 in the near term. With strong earnings, bullish analyst support, and a technical breakout, this stock is primed for a stellar run. Key Financial Highlights (20Nov24, 🇳🇿NZ Time): • Pre-Market Price: $16.79 (+3.26%) • Q3 Revenue: $149.43M, exceeding expectations. • EPS: Beat Q3 estimates with $0.39 vs $0.38 projected. • Market Capitalisation: $2.29 billion. Today’s Technical Outlook: • Current Price: $16.79 • Resistance Levels: $21 (short-term), $28 (next major target). • Breakout Setup: Forming a bullish cup-and-handle pattern, with strong momentum for continuation. Analyst Ratings: • Strong Buy: 15% 🟢 • Buy: 77% 🟢 • Hold: 8% 🟡 • Consensus Target Price: $17.46 (average), with highs of $21. Institutional and Insider Activity: • Institutional backing remains strong, with active inflows from major funds. • Recent upgrades by RBC Capital and Wells Fargo bolster investor confidence. Chart Insight: MGNI’s chart is screaming opportunity with its textbook cup-and-handle breakout. The recent surge in volume supports the bullish setup, and the path to $28 looks increasingly clear. Why MGNI Matters: As the world’s largest independent sell-side advertising platform, Magnite continues to lead in programmatic advertising across multiple channels, including CTV and OTT. With a robust balance sheet and consistent earnings growth, it’s a darling for analysts and hedge funds alike. MGNI’s push into high-growth markets and partnerships ensures it stays ahead of the curve, making it a standout pick in the ad-tech space. Happy trading ahead. Cheers, BC 🍀🍀🍀 @Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerObserver @TigerPM @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment