There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Marathon Patent Group (MARA) and Magnite (MGNI) with bullish sentiments.
Marathon Patent Group (MARA)
H.C. Wainwright analyst Kevin Dede initiated coverage with a Buy rating on Marathon Patent Group today and set a price target of $7.50. The company’s shares closed last Friday at $3.39.
According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -6.6% and a 35.6% success rate. Dede covers the Technology sector, focusing on stocks such as WISeKey International Holding, Magic Software Enterprises, and POET Technologies.
Currently, the analyst consensus on Marathon Patent Group is a Moderate Buy with an average price target of $7.50.
See today’s analyst top recommended stocks >>
Magnite (MGNI)
Needham analyst Laura Martin assigned a Buy rating to Magnite today and set a price target of $18.00. The company’s shares closed last Friday at $14.72, close to its 52-week high of $15.07.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 26.1% and a 65.9% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Walt Disney.
Magnite has an analyst consensus of Strong Buy, with a price target consensus of $15.00, a 0.0% upside from current levels. In a report issued on November 10, RBC Capital also maintained a Buy rating on the stock with a $16.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
