Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Magnite, Inc. Market Cap
From what 13 stock analysts predict, the share price for Magnite, Inc. (MGNI) might increase by 9.6% in the next year. This is based on a 12-month average estimation for MGNI. Price targets go from $13 to $22. The majority of stock analysts believe MGNI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 13 Wall Street analysts have assignedMGNI 12 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect Magnite, Inc. to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MGNI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MGNI.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Nat Schindler Scotiabank | Sector Outperform | $22 | Initiates | Dec 5, 2024 |
| Laura Martin Needham | Buy | $20 | Maintains | Dec 5, 2024 |
| Tim Nollen Macquarie | Outperform | $18 | Maintains | Nov 8, 2024 |
| Alec Brondolo Wells Fargo | Equal-Weight | $13 | Initiates | Oct 28, 2024 |
| Laura Martin Needham | Buy | $15 | Reiterates | Oct 2, 2024 |
| Daniel Kurnos Benchmark | Buy | $21 | Reiterates | Oct 2, 2024 |
| Matthew Hedberg RBC Capital | Outperform | $19 | Reiterates | Sep 27, 2024 |
| Daniel Kurnos Benchmark | Buy | $21 | Reiterates | Sep 18, 2024 |
| Jason Kreyer Craig-Hallum | Buy | $20 | Maintains | Aug 21, 2024 |
| Daniel Kurnos Benchmark | Buy | $21 | Reiterates | Aug 20, 2024 |
| Daniel Kurnos Benchmark | Buy | $21 | Maintains | Aug 8, 2024 |
| Omar Dessouky B of A Securities | Buy | $17 | Maintains | Jul 29, 2024 |
| Eric Martinuzzi Lake Street | Buy | $21 | Initiates | Jul 25, 2024 |
| Shweta Khajuria Wolfe Research | Outperform | Initiates | Jul 16, 2024 | |
| Laura Martin Needham | Buy | $15 | Reiterates | Jul 9, 2024 |
| Daniel Kurnos Benchmark | Buy | $18 | Reiterates | Jun 17, 2024 |
| Matthew Hedberg RBC Capital | Outperform | $19 | Maintains | Jun 5, 2024 |
| Mark Mahaney Evercore ISI Group | Outperform | $15 | Maintains | Jun 3, 2024 |
| Omar Dessouky B of A Securities | Buy | $15 | Upgrade | May 24, 2024 |
| Laura Martin Needham | Buy | $15 | Reiterates | May 17, 2024 |
When did it IPO
2019
Staff Count
911
Country
United States
Sector/Industry
Communication Services/Advertising Agencies
CEO
Mr. Michael G. Barrett
Market Cap
$2.36B
In 2023, MGNI generated $619.7M in revenue, which was a increase of 7.39% from the previous year. This can be seen as a signal that MGNI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Investors are comparing Magnite (MGNI) and BlackLine (BL) for potential value opportunities within the Internet - Software sector.
Why It Matters - The comparison of Magnite and BlackLine highlights potential investment opportunities within the Internet software sector, influencing portfolio decisions based on value assessments.
Mon, 02 Dec 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Magnite's SpringServe ad server will implement the BidLink solution to enhance programmatic advertising capabilities for WeTV.
Why It Matters - Magnite's partnership with WeTV to enhance programmatic advertising could boost revenue growth, improve market position, and attract investor interest in digital advertising stocks.
Wed, 20 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Investors are comparing Magnite (MGNI) and Informatica Inc. (INFA) for potential value opportunities in the Internet - Software sector.
Why It Matters - The comparison of Magnite and Informatica highlights potential investment opportunities, signaling which stock may offer better value, influencing portfolio decisions.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - A leading consumer electronics brand will use Magnite's ad server and SSP to improve viewer experience and maximize inventory value.
Why It Matters - The partnership with Magnite signals enhanced ad revenue potential and improved viewer engagement for the consumer electronics brand, which could boost its market position and profitability.
Thu, 07 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Magnite, Inc. (NASDAQ: MGNI) will hold its Q3 2024 earnings conference call on November 7, 2024, at 4:30 PM ET, featuring key executives and analysts from various financial firms.
Why It Matters - The Q3 earnings call for Magnite, Inc. on November 7, 2024, will provide insights into financial performance and strategic direction, impacting investor sentiment and stock valuation.
Thu, 07 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Magnite (MGNI) reported Q3 earnings of $0.17 per share, exceeding estimates of $0.16, and up from $0.12 per share year-over-year.
Why It Matters - Magnite's earnings beat expectations and show year-over-year growth, indicating strong performance and potential for continued investor confidence and stock price appreciation.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
