Block To Rally Over 19%? Here Are 10 Top Analyst Forecasts For Monday
Analysts raised targets for Magnite, Airbnb and Choice Hotels; cut targets for Unusual Machines, DraftKings, PDD and TeraWulf. DKNG and PDD downgraded.
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Analysts raised targets for Magnite, Airbnb and Choice Hotels; cut targets for Unusual Machines, DraftKings, PDD and TeraWulf. DKNG and PDD downgraded.
Investment firm BTIG has reaffirmed its 'Buy' rating on Magnite, Inc. and increased its price target for the company's stock from $27 to $33.
Wells Fargo has maintained an 'Equal-Weight' rating on Magnite, Inc. while raising its price target from $22 to $23.
B. Riley has maintained its 'Buy' rating on Magnite, Inc. and increased its price target to $32 from $30.
Following the company's third-quarter earnings report, Susquehanna reaffirmed its positive outlook on Magnite, Inc. and increased its price target for the stock.
Magnite reported strong Q3 2026 earnings with contribution ex-TAC of $201 million, beating expectations by over $10 million. Connected TV now represents 53% of business with 39% year-over-year growth. The company's infrastructure overhaul reduced streaming processing costs by over 50%, widening adjusted EBITDA margins to 42%. Management raised full-year guidance with expected free cash flow growth exceeding 60%, while political advertising surged to $40 million for the full year versus prior $15 million projection.