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3 Reasons to Buy Magnite Stock, and 1 Reason to Sell

Leo Sun, The Motley Fool
·5-min read
3 Reasons to Buy Magnite Stock, and 1 Reason to Sell

Stock for Magnite (NASDAQ: MGNI), which owns the top independent sell-side platform (SSP) for digital ads, has lost nearly 30% of its value over the past six months. Concerns about Apple's (NASDAQ: AAPL) privacy update for iOS, Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) upcoming ban on third-party cookies for Google Chrome, and Magnite's dependence on acquisitions have all caused investors to shun the stock. Let's review the main highlights, how they support three major reasons to buy Magnite's stock, and weigh them against a bearish take to see if the stock is still worth buying.

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