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Magnite (MGNI) Stock Forecast, Price Target & Predictions

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MGNI Stock Forecast

Magnite stock forecast is as follows: an average price target of $19.33 (represents a 18.26% upside from MGNI’s last price of $16.34) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

MGNI Price Target

The average price target for Magnite (MGNI) is $19.33 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $21.00 to $17.00. This represents a potential 18.26% upside from MGNI's last price of $16.34.

MGNI Analyst Ratings

Buy

According to 13 Wall Street analysts, Magnite's rating consensus is 'Buy'. The analyst rating breakdown for MGNI stock is 0 'Strong Buy' (0.00%), 12 'Buy' (92.31%), 1 'Hold' (7.69%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Magnite Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 05, 2024Laura MartinNeedham$20.00$17.8811.86%22.36%
Jul 29, 2024Omar DessoukyBank of America Securities$17.00$14.8014.86%4.01%
Jul 25, 2024Eric MartinuzziLake Street$21.00$14.2747.16%28.48%
Jun 05, 2024Matthew SwansonRBC Capital$19.00$13.3742.11%16.24%
Jun 03, 2024Vasily KarasyovCannonball Research$17.00$12.3437.76%4.01%
Jun 03, 2024Mark MahaneyEvercore ISI$15.00$12.3421.56%-8.23%
May 09, 2024Matthew SwansonRBC Capital$17.00$8.9091.01%4.01%
Apr 19, 2024Daniel DayB.Riley Financial$14.50$8.6467.82%-11.29%
Mar 22, 2023Laura MartinNeedham$15.00$9.1364.38%-8.23%
Jul 23, 2022Jason KreyerCraig-Hallum$16.00$8.1995.36%-2.11%
May 02, 2022Matthew ThorntonTruist Financial$15.00$10.2546.34%-8.23%
Jun 11, 2021Nicholas ZanglerStephens$48.00$32.8546.12%193.67%

The latest Magnite stock forecast, released on Dec 05, 2024 by Laura Martin from Needham, set a price target of $20.00, which represents a 11.86% increase from the stock price at the time of the forecast ($17.88), and a 22.36% increase from MGNI last price ($16.34).

Magnite Price Target by Period

1M3M12M
# Anlaysts118
Avg Price Target$20.00$20.00$17.56
Last Closing Price$16.34$16.34$16.34
Upside/Downside22.36%22.36%7.43%

In the current month, the average price target of Magnite stock is $20.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 22.36% increase as opposed to Magnite's last price of $16.34. This month's average price target is down 0.00% compared to last quarter, and up 13.90% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 05, 2024NeedhamBuyBuyHold
Oct 28, 2024Wells FargoEqual-WeightInitialise
Oct 23, 2024B. RileyBuyBuyHold
Oct 23, 2024Craig-HallumBuyBuyHold
Oct 01, 2024BenchmarkBuyBuyHold
Sep 18, 2024NeedhamBuyBuyHold
Aug 20, 2024RBC CapitalBuyBuyHold
Aug 08, 2024BenchmarkBuyBuyHold
Jul 25, 2024Lake StreetBuyInitialise
Jul 15, 2024Wolfe ResearchOutperformInitialise
Jul 09, 2024SusquehannaBuyBuyHold
Jun 24, 2024BenchmarkBuyBuyHold
Jun 05, 2024SusquehannaBuyBuyHold
Jun 05, 2024RBC CapitalOutperformOutperformHold
Jun 03, 2024Cannonball ResearchBuyUpgrade
Jun 03, 2024Cannonball ResearchPositiveUpgrade
Jun 03, 2024Evercore ISIOutperformOutperformHold
May 24, 2024Bank of America SecuritiesBuyUpgrade
May 16, 2024Craig-HallumBuyBuyHold
May 16, 2024BenchmarkBuyBuyHold
May 09, 2024RBC CapitalOutperformOutperformHold
Mar 21, 2024SusquehannaBuyBuyHold
Feb 29, 2024SusquehannaBuyBuyHold
Aug 16, 2023Evercore ISIOutperformUpgrade
Aug 10, 2023RBC CapitalOutperformOutperformHold
Aug 10, 2023StephensOverweightOverweightHold
Mar 22, 2023NeedhamBuyBuyHold
Jul 23, 2022Craig-HallumBuyBuyHold
Jul 06, 2022NeedhamBuyBuyHold

Magnite's last stock rating was published by Needham on Dec 05, 2024. The company gave MGNI a "Buy" rating, the same as its previous rate.

Magnite Financial Forecast

Magnite Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue--------------$152.54M$130.15M$175.40M$145.81M$137.78M$118.08M$161.29M$131.87M$114.54M$60.72M$82.00M$60.98M$42.35M$36.30M$48.49M$37.64M
Avg Forecast$235.29M$188.90M$185.10M$161.24M$206.23M$165.52M$162.12M$141.79M$184.29M$147.98M$144.04M$124.24M$160.34M$129.91M$134.27M$110.92M$153.78M$124.33M$124.52M$106.99M$140.07M$114.54M$94.10M$60.39M$74.95M$53.47M$37.80M$35.34M$47.88M$38.63M
High Forecast$244.82M$196.55M$192.59M$167.77M$214.58M$172.22M$168.68M$147.53M$191.75M$148.00M$144.04M$124.24M$166.84M$130.01M$139.70M$115.41M$160.01M$124.33M$124.52M$106.99M$140.07M$114.54M$94.10M$60.39M$74.95M$53.47M$37.80M$35.34M$47.88M$38.63M
Low Forecast$231.55M$185.90M$182.16M$158.68M$202.96M$162.89M$159.54M$139.54M$181.36M$147.97M$144.04M$124.24M$157.80M$129.82M$132.13M$109.16M$151.34M$124.33M$124.52M$106.99M$140.07M$114.54M$94.10M$60.39M$74.95M$53.47M$37.80M$35.34M$47.88M$38.63M
# Analysts222211145444544433334444633322
Surprise %--------------1.14%1.17%1.14%1.17%1.11%1.10%1.15%1.15%1.22%1.01%1.09%1.14%1.12%1.03%1.01%0.97%

Magnite's average Quarter revenue forecast for Sep 23 based on 4 analysts is $129.91M, with a low forecast of $129.82M, and a high forecast of $130.01M. MGNI's average Quarter revenue forecast represents a -14.84% decrease compared to the company's last Quarter revenue of $152.54M (Jun 23).

Magnite EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145444544433334444633322
EBITDA--------------$18.50M$4.08M$-27.21M$23.48M$20.33M$20.48M$54.69M$19.68M$-14.99M$-226.00K$19.14M$4.01M$-24.28M$-2.35M$7.87M$1.91M
Avg Forecast$29.55M$23.72M$23.25M$20.25M$25.90M$20.79M$20.36M$17.81M$23.15M$18.59M$18.09M$-10.91M$20.14M$16.32M$16.86M$-9.92M$57.75M$20.64M$20.67M$-7.84M$23.25M$19.01M$15.62M$-226.00K$12.44M$8.88M$6.28M$-2.35M$7.95M$6.41M
High Forecast$30.75M$24.68M$24.19M$21.07M$26.95M$21.63M$21.18M$18.53M$24.08M$18.59M$18.09M$-8.73M$20.95M$16.33M$17.55M$-7.94M$69.31M$20.64M$20.67M$-6.27M$23.25M$19.01M$15.62M$-180.80K$12.44M$8.88M$6.28M$-1.88M$7.95M$6.41M
Low Forecast$29.08M$23.35M$22.88M$19.93M$25.49M$20.46M$20.04M$17.52M$22.78M$18.58M$18.09M$-13.10M$19.82M$16.30M$16.59M$-11.91M$46.20M$20.64M$20.67M$-9.41M$23.25M$19.01M$15.62M$-271.20K$12.44M$8.88M$6.28M$-2.82M$7.95M$6.41M
Surprise %--------------1.10%-0.41%-0.47%1.14%0.98%-2.61%2.35%1.03%-0.96%1.00%1.54%0.45%-3.87%1.00%0.99%0.30%

4 analysts predict MGNI's average Quarter EBITDA for Sep 23 to be $16.32M, with a high of $16.33M and a low of $16.30M. This is -11.82% lower than Magnite's previous annual EBITDA (Jun 23) of $18.50M.

Magnite Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145444544433334444633322
Net Income--------------$-73.89M$-98.73M$-36.38M$-24.39M$-24.95M$-44.59M$453.00K$-24.32M$36.81M$-12.88M$5.89M$-10.52M$-39.13M$-9.68M$1.52M$-6.17M
Avg Forecast$73.52M$38.24M$40.30M$21.68M$69.89M$32.33M$29.48M$8.71M$58.59M$24.06M$22.94M$-62.05M$41.76M$17.04M$10.62M$-56.41M$478.37K$20.40M$24.00M$-44.59M$40.10M$20.38M$17.43M$-12.88M$18.18M$-6.02M$-24.60M$-9.68M$15.18M$-9.49M
High Forecast$77.39M$40.25M$42.42M$22.83M$73.57M$34.03M$31.04M$9.17M$60.27M$24.07M$22.97M$-49.64M$43.96M$17.08M$11.18M$-45.13M$574.04K$20.40M$24.00M$-35.67M$40.10M$20.38M$17.43M$-10.30M$18.18M$-6.02M$-24.60M$-7.74M$15.18M$-9.49M
Low Forecast$72.00M$37.45M$39.47M$21.24M$68.45M$31.66M$28.88M$8.53M$55.24M$24.04M$22.92M$-74.46M$40.90M$16.99M$10.40M$-67.69M$382.69K$20.40M$24.00M$-53.51M$40.10M$20.38M$17.43M$-15.45M$18.18M$-6.02M$-24.60M$-11.61M$15.18M$-9.49M
Surprise %---------------6.96%1.75%-76.06%-1.20%-1.04%1.00%0.01%-1.19%2.11%1.00%0.32%1.75%1.59%1.00%0.10%0.65%

Magnite's average Quarter net income forecast for Mar 22 is $-44.59M, with a range of $-53.51M to $-35.67M. MGNI's average Quarter net income forecast represents a -9943.93% decrease compared to the company's last Quarter net income of $453.00K (Dec 21).

Magnite SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145444544433334444633322
SG&A--------------$70.78M$74.14M$70.38M$70.08M$72.29M$68.70M$69.40M$68.80M$60.25M$36.75M$37.74M$35.08M$35.81M$22.32M$23.76M$20.16M
Avg Forecast$119.92M$96.28M$94.34M$82.18M$105.11M$84.36M$82.63M$72.27M$93.93M$75.42M$73.42M$95.60M$81.72M$66.21M$68.43M$86.91M$73.29M$62.24M$62.34M$68.70M$70.12M$57.34M$47.11M$36.75M$37.52M$26.77M$18.93M$22.32M$23.97M$19.34M
High Forecast$124.78M$100.18M$98.16M$85.51M$109.37M$87.78M$85.98M$75.19M$97.73M$75.43M$73.42M$114.72M$85.03M$66.26M$71.20M$104.29M$87.94M$62.24M$62.34M$82.44M$70.12M$57.34M$47.11M$44.10M$37.52M$26.77M$18.93M$26.79M$23.97M$19.34M
Low Forecast$118.02M$94.75M$92.84M$80.88M$103.44M$83.02M$81.32M$71.12M$92.44M$75.42M$73.42M$76.48M$80.43M$66.17M$67.35M$69.53M$58.63M$62.24M$62.34M$54.96M$70.12M$57.34M$47.11M$29.40M$37.52M$26.77M$18.93M$17.86M$23.97M$19.34M
Surprise %--------------1.03%0.85%0.96%1.13%1.16%1.00%0.99%1.20%1.28%1.00%1.01%1.31%1.89%1.00%0.99%1.04%

Magnite's average Quarter SG&A projection for Sep 23 is $66.21M, based on 4 Wall Street analysts, with a range of $66.17M to $66.26M. The forecast indicates a -6.45% fall compared to MGNI last annual SG&A of $70.78M (Jun 23).

Magnite EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145444544433334444633322
EPS--------------$-0.54$-0.73$-0.27$-0.18$-0.19$-0.34-$-0.18$0.29$-0.11$0.05$-0.10$-0.36$-0.18$0.03$-0.12
Avg Forecast$0.49$0.26$0.27$0.15$0.47$0.22$0.20$0.06$0.39$0.16$0.15-$0.28$0.11$0.07$-0.06$0.32$0.15$0.17$0.08$0.29$0.14$0.12$0.01$0.13$-0.04$-0.17$-0.08$0.11$-0.07
High Forecast$0.52$0.27$0.29$0.15$0.49$0.23$0.21$0.06$0.41$0.16$0.15-$0.30$0.11$0.08$-0.06$0.34$0.15$0.17$0.08$0.29$0.14$0.12$0.01$0.13$-0.04$-0.17$-0.08$0.11$-0.07
Low Forecast$0.48$0.25$0.27$0.14$0.46$0.21$0.19$0.06$0.37$0.16$0.15-$0.28$0.11$0.07$-0.07$0.32$0.15$0.17$0.08$0.29$0.14$0.12$0.01$0.13$-0.04$-0.17$-0.08$0.11$-0.07
Surprise %---------------7.56%11.63%-0.84%-1.24%-1.11%-4.39%0.01%-1.24%2.34%-7.33%0.39%2.33%2.06%2.14%0.28%1.78%

According to 3 Wall Street analysts, Magnite's projected average Quarter EPS for Mar 22 is $0.08, with a low estimate of $0.08 and a high estimate of $0.08. This represents a 2176.97% increase compared to MGNI previous annual EPS of - (Dec 21).

Magnite Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CCOClear Channel Outdoor$1.45$3.25124.14%Buy
ZDZiff Davis$58.18$108.3386.20%Hold
CMPRCimpress$78.53$120.0052.81%
CRTOCriteo$42.30$55.8031.91%Buy
MGNIMagnite$16.57$19.3316.66%Buy
DLXDeluxe$23.27$27.0016.03%Buy
STGWStagwell$7.15$7.758.39%Buy
IPGInterpublic Group of Companies$29.17$28.50-2.30%Buy
CTVInnovid$3.06$2.50-18.30%Buy

MGNI Forecast FAQ

Is Magnite a good buy?

Yes, according to 13 Wall Street analysts, Magnite (MGNI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 92.31% of MGNI's total ratings.

What is MGNI's price target?

Magnite (MGNI) average price target is $19.33 with a range of $17 to $21, implying a 18.26% from its last price of $16.34. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Magnite stock go up soon?

According to Wall Street analysts' prediction for MGNI stock, the company can go up by 18.26% (from the last price of $16.34 to the average price target of $19.33), up by 28.48% based on the highest stock price target, and up by 4.01% based on the lowest stock price target.

Can Magnite stock reach $20?

MGNI's highest twelve months analyst stock price target of $21 supports the claim that Magnite can reach $20 in the near future.

What is Magnite's current price target trend?

1 Wall Street analyst forecast a $20 price target for Magnite (MGNI) this month, up 22.36% from its last price of $16.34. Compared to the last 3 and 12 months, the average price target increased by 22.36% and increased by 7.43%, respectively.

What are Magnite's analysts' financial forecasts?

Magnite's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $675.66M (high $703.02M, low $664.93M), average EBITDA is $84.86M (high $88.29M, low $83.51M), average net income is $140.41M (high $147.8M, low $137.51M), average SG&A $344.37M (high $358.32M, low $338.9M), and average EPS is $0.944 (high $0.994, low $0.925). MGNI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $770.53M (high $801.73M, low $758.29M), average EBITDA is $96.77M (high $100.69M, low $95.23M), average net income is $173.75M (high $182.89M, low $170.16M), average SG&A $392.72M (high $408.63M, low $386.49M), and average EPS is $1.17 (high $1.23, low $1.14).

Did the MGNI's actual financial results beat the analysts' financial forecasts?

Based on Magnite's last annual report (Dec 2022), the company's revenue was $577.07M, beating the average analysts forecast of $509.62M by 13.24%. Apple's EBITDA was $116.05M, beating the average prediction of $91.22M by 27.22%. The company's net income was $-130M, missing the average estimation of $281.21K by -46443.49%. Apple's SG&A was $281.46M, beating the average forecast of $266.57M by 5.59%. Lastly, the company's EPS was $-1.03, missing the average prediction of $0.716 by -243.89%. In terms of the last quarterly report (Jun 2023), Magnite's revenue was $152.54M, beating the average analysts' forecast of $134.27M by 13.61%. The company's EBITDA was $18.5M, beating the average prediction of $16.86M by 9.72%. Magnite's net income was $-73.889M, missing the average estimation of $10.62M by -795.78%. The company's SG&A was $70.78M, beating the average forecast of $68.43M by 3.43%. Lastly, the company's EPS was $-0.54, missing the average prediction of $0.0714 by -856.11%