MGNI Magnite Inc

$MGNI Magnite price target raised to $38 from $25 at BofA BofA raised the firm's price target on Magnite (MGNI) to $38 from $25 and keeps a Buy rating on the shares. The growth outlook has improved "considerably" because remedies proposed in the DOJ's ad-tech case will likely redirect ad spend monopolized by Google's (GOOGL) AdX exchange to its competitors, including Magnite, the analyst tells investors. The firm estimates Magnite's share of open-web display ad spend rises to 8%-10% from 6%, the analyst added. cc:

$MGNI Happy that not only did we get good remedies, but share repurchase program still ongoing, and CTV crushing it! Bright blue sky ahead magniters!

$MGNI great day BUT we already did this, weeks ago, when there were similar PT raises and similar rallies. Enough of this backfill bullsh*t. Gap and go now.

$MGNI $GOOG $GOOGL Magnite price target raised to $43 from $33 at StoneX StoneX analyst Daniel Kurnos raised the firm's price target on Magnite to $43 from $33 and keeps a Buy rating on the shares after hosting management for a dinner. Noting that U.S. District Court for the Eastern District of Virginia Judge Leonie Brinkema rejected the Justice Department's bid to force a sale of Google's (GOOGL) AdX, but ordered that the company must make its advertising technology tools work with those operated by rivals, the analyst thinks "the market, and a fair amount of the coverage of the ruling itself, is still underselling how central Prebid is to this outcome." cc:

$MGNI they've given up bleeding us out of our shares, because that never worked. Now, their new m.o. seems to be boring us out of our shares. Sorry, boredom won't work either. A quick pump into the mid- to high-30's might shake some shares loose. Let's try that?

$MGNI wanted to update the largest blocks table from today. This time I set the screen to 10k shares, ie. ~$250K per block. As you can see, there were a LOT of those blocks today -- and many were much higher. See that fat 200k buy at 3:40 pm? That's $5M. Anyway, my point's this: none of these trades are retail. Shorts have no reason to be here. And the risks increase daily for dealers, if they're on the wrong side of an options book. Tomorrow's an important OPEX (pic 2). The October chain still shows some large positioning at the 26c and 27c strikes, but nothing remotely as brutal as the Sept 25 strike.

$MGNI once again I’d like to thank Fauci for giving me the idea that covered most of my kids private school tuition for the year. You are my boy! Keep coming back please

$MGNI Magnite price target raised to $32 from $28 at Craig-Hallum Craig-Hallum raised the firm's price target on Magnite (MGNI) to $32 from $28 and keeps a Buy rating on the shares. Just 14 days after the summary briefing, courts released the full 106-page remedies opinion in the Department of Justice's Google ad-tech antitrust case, with no redactions. For the independent SSP world, the firm sees this somewhere between a home run and a grand slam. Remedies will require global compliance, with only 60 days for adherence. In a world of discounted cash flows, the short time horizon to implementation is a major victory, argues Craig-Hallum. And the technical monitors will be implemented for six years, ensuring Google (GOOGL) does not establish work-arounds. Overall, the firm sees this as a massive victory for independent ad-tech. cc:

$MGNI let the ER run up commence! $28 by 4th November I reckon. And don’t forget 5th November is reknowmed for fireworks 😂

$MGNI I’ve never seen the volume of US elections ads that I see this year. I heard the spend is around $11B vs $6-7B for the last cycle.

$MGNI That is one crisp, heavily bullish, 2-month consolidation pattern that you’ll ever see…🔥🔥🔥

$MGNI Pretty soon there will be too much volume for the MMs to control the price. And then we break through…

$MGNI Magnite Successfully Completes Term Loan and Revolving Credit Facility Repricing

$MGNI 25 trading days until Q3 ER -Political ad spend reportedly 30% higher than the last midterm cycle -Google related revenue gains -more new relationships coming online -streaming growth still accelerating I have a feeling this is going to be an ER we’ll remember

$MGNI so it’s next week for the final filed DoJ/Google ruling and then another 4 weeks or so until Q3 ER. Then another 4 weeks or so until the remedy ruling takes affect. So we’ll start to see the impact on revenues from the Q4 ER. It’s all positive tailwinds for the stock for the foreseeable future.

$MGNI The die has been cast people. Nothing to do but relax and wait for those who haven’t done their homework yet to figure it out.

$MGNI Has anyone seen or heard from Fauci? Someone please do a wellness check on him as he could have made all his losses back by now. 👀

$MGNI Very happy with the BoA upgrade. Exactly what magnite needed. A large institution giving a strong PT increase to $38 shows a ton of conviction. Good job BoA for throwing your big stick around and finally getting these small minded people off of $30 as being holy land zone. Btw.. 8-10% market share is not a “generational opportunity” for MGNI, which was the lingo Bashful Barrett was throwing around earlier this year. 17-20% market share would be a “generational opportunity”. just sayin’… good news either way, but to sandbag bag that hard is just irresponsible.

$MGNI wonder how many were forced to cover today? Also wonder what shenanigans the market maker tries to pull tomorrow with all the open $25 calls. Love to see a squeeze to $27+ tomorrow

$MGNI OTM calls being bought - $25 calls for 11/20: $212K+ worth - $26 calls for 11/20: $759K+ worth - $27 calls for 11/20: $329K+ worth