Magnite Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings
1. MGNI reported Q2 earnings of $0.20 per share, outperforming estimates. 2. Quarterly sales reached $173.332 million, exceeding expectations significantly. 3. CEO highlights growth in CTV and DV+, projecting strong performance ahead. 4. Analysts raised price targets, showing confidence in MGNI's future. 5. MGNI shares fell 4.5% post-announcement, despite positive earnings.