5 Best Marketing Stocks to Buy

In this article, we discuss the 5 best marketing stocks to buy. To read the detailed analysis of the industry, go directly to the 12 Best Marketing Stocks to Buy.

5. Cardlytics, Inc. (NASDAQ:CDLX)

Number of Hedge Fund Holders: 17

Average Analyst Price Target Upside: 51.02%

Cardlytics, Inc. (NASDAQ:CDLX) is an advertising and technology company. Its Cardlytics platform operates as a bank advertising channel for marketers to connect with their partners and its Bridg platform enables marketers to carry out analytics and targeted loyalty marketing.

Over the past 3 months, Cardlytics, Inc. (NASDAQ:CDLX) has received Buy-equivalent ratings from 3 Wall Street analysts. The average price target of $14.00 represents an upside of 51.02% to the stock’s current price, as of May 9.

On May 8, Cardlytics, Inc. (NASDAQ:CDLX) reported first-quarter 2024 earnings. The non-GAAP EPS was -$0.09, which topped the estimates by $0.02. The revenue jumped 5.1% year-over-year to $67.6 million.

Cardlytics, Inc. (NASDAQ:CDLX) is one of the best marketing stocks to buy. The stock was part of 17 hedge funds’ portfolios in the fourth quarter of 2023 with a total stake value of $101.580 million. CAS Investment Partners is the biggest shareholder in the company and has a position worth $49.88 million as of Q4 2023.

4. Magnite, Inc. (NASDAQ:MGNI)

Number of Hedge Fund Holders: 21

Average Analyst Price Target Upside: 66.8%

Magnite, Inc. (NASDAQ:MGNI) is an online advertising technology company that offers online advertising solutions. The company’s independent omnichannel sell-side advertising platform provides applications and services to its clients. In Q4 of 2023, 21 hedge funds had investments in Magnite, Inc. (NASDAQ:MGNI), with positions worth $94.127 million. Nine Ten Partners is the top investor in the company as of Q4 of 2023 and has a position worth $38.599 million.

Magnite, Inc. (NASDAQ:MGNI) has received Buy-equivalent ratings from 8 out of 10 analysts that have covered the stock, and its average price target of $15.40 represents an upside of 66.8% from current levels, as of May 9.

Madison Investments made the following comment about Magnite, Inc. (NASDAQ:MGNI) in its Q3 2023 investor letter:

“GOGO Inc., Magnite Inc., and Model N Inc. were our weakest performers in the quarter. Magnite, Inc. (NASDAQ:MGNI) provides the underlying technology that makes advertising online possible. It is poised to capitalize on the massive shift in advertising dollars that is taking place, away from linear TV (Broadcast, Cable, and Satellite) to Connected TV or CTV (ad supported streaming services like Netflix and Hulu). Although the opportunity is large, it is still early in the game, and the company is experiencing some near-term growing pains as their outlook for the balance of the year disappointed investors due to the writers and actors strike. The UAW strike also impacted auto advertisement. We believe these are short-term issues and MGNI’s competitive position is getting stronger.”

3. Boston Omaha Corporation (NYSE:BOC)

Number of Hedge Fund Holders: 10

Average Analyst Price Target Upside: 70.8%

Boston Omaha Corporation (NYSE:BOC) is a holding company that is involved in the advertising agencies industry through its outdoor billboard advertising business called Link Media Outdoor. The business has a presence in mid and large-sized markets in 12 states across the U.S.

Based on 2 Wall Street analysts’ ratings in the last three months, Boston Omaha Corporation (NYSE:BOC) has an average price target of $26.50, representing an upside of 70.8% from the current levels, as of May 9.

On April 29, TD Cowen analyst Lance Vitanza lowered the price target on Boston Omaha Corporation (NYSE:BOC) to $30 from $35 and kept a Buy rating on the shares. The stock is among the best marketing stocks to buy.

In the fourth quarter of 2023, 10 hedge funds held stakes in Boston Omaha Corporation (NYSE:BOC), with positions worth $97.066 million. As of Q4 of 2023, Magnolia Capital Fund is the most significant shareholder in the company with a position worth $87.9 million.

River Oak Capital stated the following regarding Boston Omaha Corporation (NYSE:BOC) in its fourth quarter 2023 investor letter:

“Boston Omaha Corporation (NYSE:BOC) is a holding company that divides itself into four main segments: Billboard, Insurance, Broadband and Asset Management. It is our third largest position in the fund and now has a market cap of $495m.

Earlier this year, I went to the Boston Omaha shareholder meeting where I was able to briefly catch up with co-CEO’s Adam Peterson and Alex Rozek as well as connect with a few of their key team members.

Over the past few years, I have also spent time with Gary Solomon – Chairman of Crescent Bank, Tal Keinan – CEO of Sky Harbour, and Ben Elkins – CEO of Airebeam. Each of their companies are backed by Boston Omaha.

Not only are all three impressive individuals who are top of class in their industry but what truly amazed me is they each had almost identical feedback on their wonderful partnership with Adam and Alex…” (Click here to read the full text)

2. Nexxen International Ltd. (NASDAQ:NEXN)

Number of Hedge Fund Holders: 5

Average Analyst Price Target Upside: 85.61%

Nexxen International Ltd. (NASDAQ:NEXN), formerly known as Tremor International Ltd, offers an end-to-end technology advertising platform used by advertisers, agencies, and others to reach their respective audiences. At a stake value of $2.688 million, 5 hedge funds held positions in Nexxen International Ltd. (NASDAQ:NEXN).

In the last three months, 6 Wall Street analysts have covered Nexxen International Ltd. (NASDAQ:NEXN), and 4 maintain Buy-equivalent ratings on the stock. The average price target of $10.58 represents an upside of 85.61% from the present levels, as of May 9.

1. Integral Ad Science Holding Corp. (NASDAQ:IAS)

Number of Hedge Fund Holders: 26

Average Analyst Price Target Upside: 92.72%

Integral Ad Science Holding Corp. (NASDAQ:IAS) is a digital advertising verification company. The company’s cloud-based technology platform offers a return on ad spend needs, and independently measures and verifies digital advertising across a range of devices. The company occupies the top spot on our list of the best marketing stocks to buy.

On May 9, Integral Ad Science Holding Corp. (NASDAQ:IAS) reported first-quarter 2024 earnings with a GAAP EPS of -$0.01. The revenue increased by 7.9% year-over-year to $114.53 million and beat the estimates by $2.39 million.

In the past three months, Integral Ad Science Holding Corp. (NASDAQ:IAS) has received Buy-equivalent ratings from 15 out of 19 Wall Street analysts. As of May 9, the average price target of $16.15 implies an upside of 92.72% from current levels.

Integral Ad Science Holding Corp. (NASDAQ:IAS) was part of 26 hedge funds’ portfolios and the total stake value was nearly $1.157 million in the fourth quarter of 2023. As of December 31, 2023, Vista Equity Partners is the largest shareholder in the company and has a position worth $959.237 million.

Should you invest $1,000 in Integral Ad Science Holding Corp. (NASDAQ:IAS) right now?

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Disclosure: None. You can also look at Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets and 20 Biggest Grain Exporting Countries in the World.

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