Craig-Hallum analyst Jason Kreyer raised the price target on Magnite (NASDAQ: MGNI) to $24.00 (from $20.00) while maintaining a Buy rating.

The analyst comments "Magnite has delivered solid fundamental execution despite a choppy macro in 1H25. And while investors remain concerned about ad budgets going forward, Magnite has been hard at work expanding its relationships with some of the biggest advertising platforms. As we look ahead, we see accelerating growth and profitability at Magnite with opportunities from Netflix, Disney, and Amazon all scaling into FY26. Given the broadened opportunity, we’re raising our price target to $24."