Latest news with #Dessouky
Business Insider
19-06-2025
- Business
- Business Insider
Magnite (MGNI) Receives a Buy from Bank of America Securities
Bank of America Securities analyst Omar Dessouky maintained a Buy rating on Magnite (MGNI – Research Report) yesterday and set a price target of $22.00. The company's shares closed yesterday at $18.82. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Dessouky is a 5-star analyst with an average return of 32.1% and a 62.75% success rate. Dessouky covers the Communication Services sector, focusing on stocks such as Magnite, Take-Two, and Roblox. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Magnite with a $19.25 average price target. The company has a one-year high of $21.29 and a one-year low of $8.22. Currently, Magnite has an average volume of 2.47M. Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGNI in relation to earlier this year. Earlier this month, Robert Spillane, a Director at MGNI sold 15,000.00 shares for a total of $263,550.00.
CNBC
05-06-2025
- Business
- CNBC
This metaverse leader is primed for even more gains going forward, Bank of America says
Roblox has "structural advantages" that can drive the stock higher, according to Bank of America. The bank upped its price target on the online game platform to $103 per share from $86 and reiterated its buy rating. BofA's forecast calls for roughly 13% upside from Wednesday's close. "We expect to see talent and capital flow into the RBLX ecosystem faster than mobile app & console games for the foreseeable future," analyst Omar Dessouky wrote in a Wednesday note. "The string of strong results and share price rally appears to have catalyzed interest among new long-term oriented growth investors." RBLX YTD mountain Roblox stock in 2025. Dessouky highlighted the company's efforts within the metaverse, which he said could be a significant growth driver as adoption of the company's platform expands. "RBLX is the 'Metaverse' category leader," Dessouky said. "We see an extended runway for mid-20% growth as users worldwide adopt Roblox's Metaverse, in a virtuous cycle that will draw developers, brands, and merchants to the platform." "Roblox is not saddled with legacy media businesses that require transition to a Metaverse, and can thus allocate 100% of its resources toward maintaining Metaverse product leadership," the analyst added. "Rapid productization of innovations could result in consistent upside to growth estimates." Shares have surged more than 57% in 2025. Most analysts covering Roblox have a buy or strong buy rating, according to LSEG. However, the average price target implies downside of more than 18%.
