🟢 Magnite is trading 11% up after BofA raised its target to $38

Magnite is trading at $25.95, up 10.88%, after Bank of America raised its price target to $38 from $25 and maintained a Buy rating.

• The analyst said proposed remedies in the DOJ’s Google ad-tech case could redirect advertising spend to competitors, including Magnite.
• BofA estimated Magnite’s open-web display share could rise to 8%–10% from 6%.
• Shares reversed sharply from the September 28 close of $23.40. No current volume figure was available, so trading activity cannot be assessed.