Magnite Inc
NASDAQ:MGNI

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Magnite Inc
NASDAQ:MGNI
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Price: 17.13 USD 3.5% Market Closed
Market Cap: 2.4B USD
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Wall Street
Price Targets

MGNI Price Targets Summary
Magnite Inc

Wall Street analysts forecast MGNI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MGNI is 17.93 USD with a low forecast of 13.13 USD and a high forecast of 22.05 USD.

Lowest
Price Target
13.13 USD
23% Downside
Average
Price Target
17.93 USD
5% Upside
Highest
Price Target
22.05 USD
29% Upside

MGNI Last Price Targets
Magnite Inc

The latest public price target was made on Jul 29, 2024 by Omar Dessouky from Bank of America Securities , who expects MGNI stock to drop by 1% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Omar Dessouky
Bank of America Securities
17 USD
Downside 1%
3 months ago
Jul 29, 2024
Magnite price target raised to $17 from $15 at BofA
TheFly
Eric Martinuzzi
Lake Street
21 USD
Upside 23%
3 months ago
Jul 25, 2024
Magnite initiated with a Buy at Lake Street
TheFly
Matthew Swanson
RBC Capital
19 USD
Upside 11%
5 months ago
Jun 5, 2024
Magnite (MGNI) PT Raised to $19 at RBC Capital
StreetInsider
Mark Mahaney
Evercore ISI
15 USD
Downside 12%
5 months ago
Jun 3, 2024
Magnite (MGNI) PT Raised to $15 at Evercore ISI
StreetInsider
Vasily Karasyov
Cannonball Research
17 USD
Downside 1%
5 months ago
Jun 3, 2024
Cannonball Research Upgrades Magnite (MGNI) to Buy
StreetInsider
Matthew Swanson
RBC Capital
17 USD
Downside 1%
6 months ago
May 9, 2024
Magnite (MGNI) PT Raised to $17 at RBC Capital
StreetInsider
Daniel Day
B.Riley Financial
14.5 USD
Downside 15%
7 months ago
Apr 19, 2024
B.Riley Resumes Magnite (MGNI) at Buy
StreetInsider
Laura Martin
Needham
15 USD
Downside 12%
1 year ago
Mar 22, 2023
This Stock Has More Than 60% Upside, Thanks to Roku Opening Its CTV Ad Inventory, Analyst Says
Benzinga
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Omar Dessouky
Bank of America Securities
Price Target 17 USD
Upside/Downside 1%
View Source
Eric Martinuzzi
Lake Street
Price Target 21 USD
Upside/Downside 23%
View Source
Matthew Swanson
RBC Capital
Price Target 19 USD
Upside/Downside 11%
View Source
Mark Mahaney
Evercore ISI
Price Target 15 USD
Upside/Downside 12%
View Source
Vasily Karasyov
Cannonball Research
Price Target 17 USD
Upside/Downside 1%
View Source
Matthew Swanson
RBC Capital
Price Target 17 USD
Upside/Downside 1%
View Source
Daniel Day
B.Riley Financial
Price Target 14.5 USD
Upside/Downside 15%
View Source
Laura Martin
Needham
Price Target 15 USD
Upside/Downside 12%
View Source
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Magnite Inc Competitors:
Price Targets
037270
YG Plus Inc
8% Downside
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BlueFocus Intelligent Communications Group Co Ltd
28% Downside
AIM
Aimia Inc
70% Upside
PLANB
Plan B Media PCL
37% Upside
APGN
APG SGA SA
29% Upside

Revenue
Forecast

Revenue Estimate
Magnite Inc

For the last 8 years the compound annual growth rate for Magnite Inc's revenue is 12%. The projected CAGR for the next 3 years is 9%.

12%
Past Growth
9%
Estimated Growth
Estimates Accuracy
8%
Average Beat

Operating Income
Forecast

Operating Income Estimate
Magnite Inc

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
24%
Average Beat

Net Income
Forecast

Net Income Estimate
Magnite Inc

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
-54%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MGNI's stock price target?
Price Target
17.93 USD

According to Wall Street analysts, the average 1-year price target for MGNI is 17.93 USD with a low forecast of 13.13 USD and a high forecast of 22.05 USD.

What is Magnite Inc's Revenue forecast?
Projected CAGR
9%

For the last 8 years the compound annual growth rate for Magnite Inc's revenue is 12%. The projected CAGR for the next 3 years is 9%.

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