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Where Will Magnite Be in 5 Years?

TheMotleyFool

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Magnite (NASDAQ: MGNI) was created from the merger of two ad tech companies, Rubicon Project and Telaria, in April 2020. On its first day as a combined company, Magnite's stock opened at $5.47 per share.

But last February, its stock skyrocketed to an all-time high of $61.80 during the Reddit-fueled rally in meme and growth stocks. Today, its stock trades at about $10 a share. That wild ride made Magnite seem dangerously volatile, but could it stabilize and head higher over the next five years?

Image source: Getty Images.

Source Fool.com

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