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Magnite, Inc.Magnite, Inc.Magnite, Inc.

Magnite, Inc.

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MGNI trade ideas

$MGNI | A Fundamental & Technical Long$MGNI is finally getting the recognition it deserves as the SSP in programmatic advertising. On a fundamental basis this stock trades at <10x sales, a massive discount to $TTD trading at ~40x 2021 sales. On a technical basis $MGNI is just now breaking out of a multi-year downtrend/bottoming. The potential for $MGNI to make another 100% move to $40-$50 is, in my view, very much in the cards. I am heavily long $MGNI (and $ROKU from my previous posts) and am looking for $MGNI to exceed $100/share by 2022. I own shares and June $20 & $22.50 calls on $MGNI
NASDAQ:MGNILong
by UnknownUnicorn7308096
6
CTV play with large growth potentialMagnite is the largest independent sell-side platform for connected TV advertising. As ad dollars shift from traditional cable to more targetable and flexible formats, companies in this space will continue to grow. MGNI is at an attractive price and seems to have formed a base, working on the right hand of a cup shape. Entry over the marked POC is a conservative entry, one potential catalyst is the Q3 earnings report on Nov. 6th. Long-dated calls and leaps are attractive here.
NASDAQ:MGNILong
by SpinTrades
6