Wells Fargo raised its target from $22 to $23 but kept its Equal-Weight rating. The new target was close to Magnite's November 4 closing price, so the report does not clearly change the company outlook.
The higher target suggests Wells Fargo saw slightly more value in Magnite. But it kept the same rating, and its new target was close to the November 4 closing price. The note adds no new details about Magnite's business.
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