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Stock impact report

Stagwell Inc. (STGW) is a Buy at Needham Amid Deals with Tech Giants [Yahoo! Finance]

Stagwell Inc. - Class A (STGW) 
Company Research Source: Yahoo! Finance
Stagwell Inc. (NASDAQ: STGW ) is a must-buy penny stock to buy now . On November 4, Needham analyst Laura Martin reiterated a Buy rating on Stagwell Inc. (NASDAQ:STGW) and lifted the price target from $6.36 to $7.25, impressed by the strategic partnership the company has inked with technology companies. Stagwell Inc. (STGW) is a Buy at Needham Amid Deals with Tech Giants Copyright: fotomaximum / 123RF Stock Photo According to the analyst, deals with OpenAI, Google, Apple, and Amazon underscore the role the company is playing in enhancing the marketing efforts of these tech giants. The analyst expects new product launches and consumer-facing advertisements to drive product adoption and monetization. The remarks come as Stagwell delivers strong third-quarter results with double-digit growth in non-advocacy work and strong organic growth in almost all areas. Revenue in the quarter increased 4% year over year to $743 million, as net income attributable to shareholders rose to $25 Show less Read more
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