Magnite Inc

MGNI remains in a Stage 2 advance above rising 50 and 200 SMAs, consolidating in a narrow range around converged 9- and 20-day EMAs. The intermediate trend is bullish, and pullback into EMAs from neutral momentum and subdued volume provides a favorable Buy Now entry, anticipating further upside toward the 52-week high. Key risk is a break below the 50 SMA and EMAs.

• ↑Q2 revenue $193M (+11% YoY); contribution ex-TAC $190M (+17%).
• ↑CTV ex-TAC up 36% YoY to $97M, driving segment momentum.
• ↓Macroeconomic headwinds and inflation risk could dampen ad spending and growth.