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Author Bio Evan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow What happened Shares of Magnite (NASDAQ:MGNI) have skyrocketed today, up by 16% as of 1:10 p.m. EST, after getting a bullish initiation from Wall Street. Susquehanna kicked off coverage of Magnite with a positive (equivalent to buy) rating alongside a price target of $30. So what Magnite was created from the merger of Rubicon Project and Telaria, which closed earlier this year and created a leading supply side platform (SSP) for advertisers. Analyst Shyam Patil believes that Magnite is the best independent SSP, especially for connected TV (CTV) platforms. The advertising technology company is a leader in its sector thanks to its independence and scale, whi ....
Airbnb, DoorDash Price Targets Set at Wall-Street Highs by Susquehanna Airbnb and DoorDash are both initiated with positive ratings and Wall Street-high price targets at Susquehanna. Author: Shares of Airbnb ( DASH) - Get Report declined despite a bullish note from analysts at Susquehanna initiating coverage of the two companies with positive ratings. Airbnb was initiated with a positive rating and $180 price target. DoorDash also was initiated with a positive rating and $185 price target. Both price targets are Wall Street highs for the stocks. ABNB created the short-term rental market and is the clear leader in the space. The strong brand has created a powerful flywheel for its two-sided marketplace (guests and hosts) and enables the company to generate the significant majority of its traffic directly, which is unparalleled in the online travel sector, analyst Shyam Patil wrote. ....