MGNI Stock Surges 31% in 3 Months: Is There Room for Further Growth?

Magnite's (MGNI) shares have soared 30.9% over the past three months, outperforming the Zacks Computer and Technology sector’s appreciation of 5.5% and the Zacks Internet – Software industry’s return of 4%.MGNI's shares have also outperformed its peers like Amazon, Alphabet and Microsoft (MSFT) , which have gained 18.1%, 13.4% and 0.6%, respectively, in the same time frame.MGNI’s remarkable performance can be attributed to growth in its Connected TV (CTV) segment, strategic partnerships with industry leader ...