Magnite Inc. (MGNI) Jumps 14.31% on Higher Price Target, Buy Reco

We recently published As Wall Street Roars, These 10 Stocks Outshine. Magnite, Inc. (NASDAQ:MGNI) is one of last week’s top performers.

Magnite rallied for a sixth consecutive day on Monday, jumping by 14.31 percent to end at $24.12 apiece after earning a higher price target and “buy” recommendation from an investment firm.

In a market note, Rosenblatt raised its price target for the company to $39 from $18 previously, reaffirming its recommendation to buy the stock, citing the potential upside from the upcoming AdTech antitrust remedy and penalty phase against Google.

Rosenblatt said that such a factor does not seem to be reflected in Magnite, Inc.’s (NASDAQ:MGNI) stock price just yet.

A marketing manager examining a publisher’s digital inventory on a laptop.

“Magnite’s benefit from the upcoming AdTech antitrust remedy/penalty phase is likely to be very substantial, very possibly as early as early 2026, and in our view is not reflected in the equity,” Rosenblatt said.

“We move to close that gap, by using what we see as conservative and beatable antitrust assumptions, from both likely EBITDA lift from behavioral remedies, and proceeds from civil litigation/potential settlement, to raise our Magnite price target $18 to $39. Underlying this analysis is our belief that the ruling against Google was strong, and is likely to withstand potential appeals,” it added.

While we acknowledge the potential of MGNI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.