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Magnite's Execution Impresses

TheMotleyFool

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Truist analyst Matthew Thornton recently boosted his 12-month price target for Magnite (NASDAQ: MGNI) to $9, citing business execution and the tech company's positioning within a growing market for its supply-side ad-tech platform. The report puts the spotlight on a scalable tech company that has largely gone under the radar since a recent merger made it the world's largest independent sell-side platform.

Thornton is onto something when it comes to Magnite's recent execution and the company's strong positioning in a growing market. Let's take a closer look at why investors may want to give this sub-$1 billion tech company some more attention.

Image source: Getty Images.

Source Fool.com

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