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Bullish Case: Magnite's flat yet stable recent price action and low price-to-book ratio hint at potential undervaluation. Subsequent catalysts might ignite interest, driving a price recovery.


Bearish Case: Persistent flat performance and a sharp recent decline suggest negative sentiment. Wary of high volatility and a market that could further discount MGNI, leading to price erosion.


Potential Outcomes: MGNI could rebound on bullish ad market dynamics (40%), remain stable with subdued trading volume (35%), or slide if sentiment remains bearish (25%).


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March 26, 2024


Magnite Forecast

MGNI        Magnite
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






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Uncorrelated Stock Forecasts

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SLG Forecast + Options Trading Strategies   [SLG]  SL Green Realty (0.0)


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Anticorrelated Stock Forecasts

Assets that tend to move strongly against MGNI



TDS Forecast + Options Trading Strategies   [TDS]  Telephone And Data Systems (-0.69)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.71)


UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.71)


DLO Forecast + Options Trading Strategies   [DLO]  DLocal (-0.75)


ARLP Forecast + Options Trading Strategies   [ARLP]  Alliance Resource (-0.77)





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