Magnet Forensics Inc. MAGTF

RE:RE:RE:RE:RE:PUMP AND DUMP

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* Mr. Treiber also lowered his target for Magnet Forensics Inc. (MAGT-T) to $35 from $42 with an “outperform” rating, while Canaccord Genuity’s Doug Taylor cut his target to $40 from $45 with a “buy” rating and BMO’s Thanos Moschopoulos reduced his target to $32 from $38 with a “market perform” rating. The average is $39.26.

“Financial performance from Magnet remains very robust, highlighted by the 49-per-cent ARR growth year-over-year,” said Mr. Taylor. “Magnet’s valuation, at 7 times current year and 6 times 2023 estimatd revenue, is in our view attractive, considering the growth rate, execution, and profitability. We believe that Magnet should remain a core holding for investors of software stories in Canada.”