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Analysts Offer Insights on Communication Services Companies: Magnite (MGNI) and AMC Entertainment (AMC)

Tipranks - Tipranks - Fri Feb 27, 6:12AM CST

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Magnite (MGNI – Research Report) and AMC Entertainment (AMC – Research Report) with bullish sentiments.

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Magnite (MGNI)

Needham analyst Laura Martin maintained a Buy rating on Magnite today and set a price target of $25.00. The company’s shares closed last Wednesday at $11.97.

According to TipRanks.com, Martin is a 4-star analyst with an average return of 4.8% and a 45.1% success rate. Martin covers the NA sector, focusing on stocks such as Reddit Inc Class A, Paramount Skydance, and Alphabet Class A. ;'>

Magnite has an analyst consensus of Strong Buy, with a price target consensus of $27.00, a 129.4% upside from current levels. In a report issued on February 11, Lake Street also maintained a Buy rating on the stock with a $24.00 price target.

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AMC Entertainment (AMC)

In a report released yesterday, Alicia Reese from Wedbush reiterated a Buy rating on AMC Entertainment, with a price target of $3.00. The company’s shares closed last Wednesday at $1.16.

According to TipRanks.com, Reese is a 4-star analyst with an average return of 4.7% and a 50.3% success rate. Reese covers the NA sector, focusing on stocks such as Doubledown Interactive Co, Getty Images Holdings, and National Cinemedia. ;'>

AMC Entertainment has an analyst consensus of Hold, with a price target consensus of $1.78.

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