Analysts Offer Insights on Communication Services Companies: Trade Desk (TTD) and Magnite (MGNI)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Trade Desk (TTD) and Magnite (MGNI).
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Trade Desk (TTD)
Jefferies analyst James Heaney CFA maintained a Hold rating on Trade Desk today and set a price target of $22.00. The company’s shares closed last Tuesday at $22.34.
According to TipRanks.com, CFA is a 4-star analyst with an average return of
Trade Desk has an analyst consensus of Moderate Buy, with a price target consensus of $32.93, a 38.2% upside from current levels. In a report issued on March 16, Arete Research also upgraded the stock to Hold with a $25.00 price target.
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Magnite (MGNI)
Craig-Hallum analyst Aaron Spychalla maintained a Buy rating on Magnite today. The company’s shares closed last Tuesday at $12.03.
According to TipRanks.com, Spychalla is a 5-star analyst with an average return of
Magnite has an analyst consensus of Strong Buy, with a price target consensus of $24.11, implying a 94.9% upside from current levels. In a report issued on March 16, TipRanks – PerPlexity also upgraded the stock to Buy with a $13.00 price target.
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- Option traders moderately bearish in Trade Desk with shares down 6.72%
- Jefferies sees more agencies undertaking similar reviews of Trade Desk
- Omnicom audit confirms ‘power rebalance’ for Trade Desk, says Benchmark
- Trade Desk falls after AdAge says Omnicom auditing fees
- Omnicom undertaking audit of Trade Desk’s fees, AdAge reports
