Latest news with #Magnite
Business Insider
3 days ago
- 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.
NDTV
3 days ago
- Automotive
- NDTV
Nissan Evaluating Hybrid And EVs For Indian Market; CEO Ivan Espinosa
For the longest time Nissan in India has been a one car OEM, with the Magnite holding fort. Rivals like Tata, Mahindra, Maruti and Hyundai and others have moved forward with a plethora of options across segments and powertrains. Nissan already confirmed that it is looking to launch three ICE cars in the next 18-24 months. But when asked about its EV and Hybrid plans in an exclusive interaction, Nissan CEO Ivan Espinosa said that they are observing the hybrid and EV market in India closely and will decide on launching an electrified vehicle in the future. Nissan Leaf is one of the EVs that the company has in its global portfolio "We are revisiting our portfolio in the long term to see how we bring some exciting electrified vehicles to the Indian market later on. We have very good products in the global portfolio, but we could also be exploring what we could do with our partners in India (Renault) or by ourselves. So, we have several options that we could explore and consider. We are observing the market trends and there are several options, hybrid is one of the things we are observing very closely together with potentially battery electric vehicles, so we are looking at both", Nissan CEO Ivan Espinosa said. Nissan's short-term focus will be on the three new cars that will be launched in the next two years. The first will be a 7-seater B-segment MPV, a model that will be similar in positioning to the Renault Triber, a mass-market people mover. It is expected to hit the roads in early 2026. Next will be a C-segment SUV, that is based on the CMF-B platform, which is also expected to go on sale in India. The new C-SUV from Nissan will be launched in the middle of 2026 and there will be a 7-seater version of the same, going on sale in early 2027. "For the moment, our focus is to launch these three cars in India, this is the focus that we have now, making sure we reinvigorate, revitalise our partners, our dealers and we make sure that we have a sustainable restart, rebrand of the Nissan brand in India. This is what we are dedicated to at the moment", Nissan CEO Ivan Espinosa added. Nissan also confirmed that despite its divestment in Renault Nissan Alliance plant in Chennai, the company's production plans and future capacity are all secured, thanks to a strong agreement between Renault and Nissan. The company aims to sell over 100,000 units in India and export 100,000 units from India by FY2027.
Yahoo
5 days ago
- Business
- Yahoo
United Airlines, WEBTOON, Magnite, Brinker International, and The ONE Group Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns. Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Travel and Vacation Providers company United Airlines (NASDAQ:UAL) jumped 5.9%. Is now the time to buy United Airlines? Access our full analysis report here, it's free. Digital Media & Content Platforms company WEBTOON (NASDAQ:WBTN) jumped 5.9%. Is now the time to buy WEBTOON? Access our full analysis report here, it's free. Advertising & Marketing Services company Magnite (NASDAQ:MGNI) jumped 6.8%. Is now the time to buy Magnite? Access our full analysis report here, it's free. Sit-Down Dining company Brinker International (NYSE:EAT) jumped 5.3%. Is now the time to buy Brinker International? Access our full analysis report here, it's free. Sit-Down Dining company The ONE Group (NASDAQ:STKS) jumped 6.2%. Is now the time to buy The ONE Group? Access our full analysis report here, it's free. Magnite's shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 20 days ago when the stock gained 5.6% on the news that the major indices rebounded (Nasdaq +2.0%, S&P 500 +2.0%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. Magnite is up 15.4% since the beginning of the year, but at $18.58 per share, it is still trading 12.3% below its 52-week high of $21.17 from February 2025. Investors who bought $1,000 worth of Magnite's shares 5 years ago would now be looking at an investment worth $2,539. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
5 days ago
- Automotive
- Hindustan Times
Nissan India expands to 283 touchpoints, eyes to reach the 300 mark by year end
These dealerships are located in Jaipur, Ajmer and Udaipur. The dealerships in Jaipur and Udaipur are also complemented by service workshop facilities. Check Offers Nissan Motor India has expanded its presence to across 283 touchpoints with the inauguration of five new dealerships. These dealerships are located in Jaipur, Ajmer and Udaipur. The dealerships in Jaipur and Udaipur are also complemented by service workshop facilities. Nissan India intends to grow its dealership network from about 160 outlets to 180 by the end of 2025 and aims to end this fiscal year with 300 touchpoints. Saurabh Vatsa, Managing Director, Nissan Motor India, earlier during a recent press conference stated that the company's commitment to India remains steadfast and its local initiatives are progressing as scheduled. He said, 'As Rajasthan continues to emerge as a key automotive market, we aim to deliver not just vehicles, but meaningful experiences backed by innovation, quality, and trust. We look forward to building lasting relationships with our customers here and being a part of their mobility journeys." Also Read : Nissan India remains steadfast on commitments despite shift in global strategy Nissan Magnite CNG: Specs and features TheNissanMagnite CNG was launched in India with a starting price of ₹ 6.89 lakh, ex-showroom. Interestingly, the CNG kit with the Magnite is a retrofitted one, which means that these CNG kits are not factory fitted, rather fitted at the dealership level. The fitment of these kits will be carried out at government-authorised fitment centres. Nissan stated that the CNG Kit is fully developed, manufactured & Quality Assured by Motozen (3rd Party) as per country Regulatory Standards. Motozen will provide warranty for Kit components which will include a 12 kg single CNG cylinder. The rollout of this eco-friendly CNG kit fitment for the sustainability-aware and environment-conscious customer will be done in a phased manner across the country. The CNG option comes with a three year or 1 lakh km warranty. Also Read : Nissan Magnite CNG launched in India: Top 5 highlights of the eco-friendly SUV The CNG kit option is available only with the New Nissan Magnite 1.0 litre naturally aspirated petrol engine with the 5 speed manual gearbox. While the carmaker is yet to reveal the official power output and fuel efficiency figures, it is expected that the CNG powered Magnite will generate less power as compared to the petrol powered variants. This is common across every brand. Meanwhile, the fuel efficiency is claimed to be 24 km/kg in the city and 30 km/kg on the highway. In terms of features, the 2024 Nissan Magnite continues to get an 8-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, a 7-inch digital instrument cluster with enhanced graphics, push start/stop button, automatic climate control, and USB Type-C ports. However it misses out on an electric sunroof. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 16 Jun 2025, 12:44 PM IST
Time of India
5 days ago
- Automotive
- Time of India
Nissan Motor India expands network with five new touchpoints in Rajasthan
In a bid to strengthen its regional footprints, Nissan Motor India Pvt. Ltd. inaugurated five new outlets in Rajasthan, taking its network to 283 customer touchpoints across the country. The newly launched touchpoints include a 4,000 sq. ft. showroom and a 20,000 sq. ft. workshop in Jaipur, a 10,000 sq. ft. integrated 3S (Sales, Service, Spare Parts) facility in Udaipur, and a 4,000 sq. ft. showroom in Ajmer. These touchpoints were inaugurated by Nissan Motor India's Managing Director, Saurabh Vatsa. With this, Nissan has 19 touchpoints now in Rajasthan. Nissan is prioritising Tier 2 and Tier 3 markets as it prepares to launch its future vehicle portfolio, positioning India as both a key domestic and export hub. Magnite leads growth and exports According to the company's statement, the New Magnite continues to be a cornerstone of Nissan's India strategy. It has contributed to Nissan's best annual sales performance in seven years, with FY2024-25 recording over 99,000 units—28,000+ domestic and 71,000+ exports to over 65 global markets. Further enhancing its customer offerings, Nissan has introduced a government-approved CNG retrofitment kit for the New Magnite SUV .
