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Magnite (MGNI) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MGNI Stock Forecast

Magnite (MGNI) stock forecast, based on 24 Wall Street analysts, predicts a 12-month average price target of $20.33, with a high of $22.00 and a low of $19.00. This represents a 82.66% increase from the last price of $11.13.

$5 $9 $13 $17 $21 $25 High: $22 Avg: $20.33 Low: $19 Last Closed Price: $11.13

MGNI Stock Rating

Magnite stock's rating consensus is Buy, based on 24 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 15 Buy (62.50%), 6 Hold (25.00%), 3 Sell (12.50%), and 0 Strong Sell (0.00%).

Buy
Total 24 0 3 6 15 Strong Sell Sell Hold Buy Strong Buy

MGNI Price Target Upside V Benchmarks

TypeNameUpside
StockMagnite82.66%
SectorCommunication Services Stocks 21.15%
IndustryAdvertising Stocks 56.47%

Price Target Trends

1M3M12M
# Anlaysts--10
Avg Price Target--$18.15
Last Closing Price$11.13$11.13$11.13
Upside/Downside--63.07%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25381--12
Mar, 25391--13
Feb, 25391--13
Jan, 25391--13
Dec, 24391--13
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 03, 2025Matthew SwansonRBC Capital$22.00$16.9729.64%97.66%
Jan 03, 2025Shweta KhajuriaWolfe Research$19.00$16.9711.96%70.71%
Dec 05, 2024Laura MartinNeedham$20.00$17.8811.86%79.69%
Jul 29, 2024Omar DessoukyBank of America Securities$17.00$14.8014.86%52.74%
Jul 25, 2024Eric MartinuzziLake Street$21.00$14.2747.16%88.68%
Jun 05, 2024Matthew SwansonRBC Capital$19.00$13.3742.11%70.71%
Jun 03, 2024Vasily KarasyovCannonball Research$17.00$12.3437.76%52.74%
Jun 03, 2024Mark MahaneyEvercore ISI$15.00$12.3421.56%34.77%
May 09, 2024Matthew SwansonRBC Capital$17.00$8.9091.01%52.74%
Apr 19, 2024Daniel DayB.Riley Financial$14.50$8.6467.82%30.28%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Feb 03, 2025CitigroupBuyBuyhold
Jan 03, 2025RBC CapitalOutperformOutperformhold
Jan 03, 2025Wolfe ResearchOutperformOutperformhold
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

Financial Forecast

EPS Forecast

$-2 $-1 $0 $1 $2 $3 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.55-$-0.98$-1.17$0.16----
Avg Forecast-$0.58$0.72$0.53$0.76$0.93$1.16$0.83-
High Forecast-$0.58$0.73$0.56$0.78$1.02$2.16$1.07-
Low Forecast-$0.57$0.72$0.50$0.74$0.84$-0.22$0.58-
Surprise %---236.11%-320.75%-78.95%----

Revenue Forecast

$200M $340M $480M $620M $760M $900M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$221.63M$468.41M$577.07M$619.71M$668.17M----
Avg Forecast$219.47M$419.33M$511.79M$544.32M$615.80M$677.56M$749.82M$817.50M$876.23M
High Forecast$221.65M$423.50M$514.02M$546.91M$618.72M$680.78M$750.31M$821.38M$880.40M
Low Forecast$218.05M$416.61M$509.69M$542.53M$613.76M$675.32M$749.33M$814.79M$873.34M
Surprise %0.98%11.71%12.76%13.85%8.51%----

Net Income Forecast

$-300M $-180M $-60M $60M $180M $300M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-53.43M$65.00K$-130.32M$-159.18M$22.79M----
Avg Forecast$-89.32M$-5.36M$-36.32M$-159.18M$103.72M$127.03M$74.40M$126.80M-
High Forecast$-69.94M$10.61M$-12.67M$-46.26M$106.64M$139.33M$295.27M$146.18M-
Low Forecast$-108.70M$-21.33M$-59.97M$-272.11M$100.80M$114.74M$-29.53M$79.24M-
Surprise %-40.18%-101.21%258.81%--78.03%----

MGNI Forecast FAQ

Is Magnite stock a buy?

Magnite stock has a consensus rating of Buy, based on 24 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 15 Buy, 6 Hold, 3 Sell, and 0 Strong Sell, reflecting a consensus that Magnite is a favorable investment for most analysts.

What is Magnite's price target?

Magnite's price target, set by 24 Wall Street analysts, averages $20.33 over the next 12 months. The price target range spans from $19 at the low end to $22 at the high end, suggesting a potential 82.66% change from the previous closing price of $11.13.

How does Magnite stock forecast compare to its benchmarks?

Magnite's stock forecast shows a 82.66% upside, outperforming the average forecast for the communication services stocks sector (21.15%) and outperforming the advertising stocks industry (56.47%).

What is the breakdown of analyst ratings for Magnite over the past three months?

  • April 2025: 25.00% Strong Buy, 66.67% Buy, 8.33% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 23.08% Strong Buy, 69.23% Buy, 7.69% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 23.08% Strong Buy, 69.23% Buy, 7.69% Hold, 0% Sell, 0% Strong Sell.

What is Magnite’s EPS forecast?

Magnite's average annual EPS forecast for its fiscal year ending in December 2025 is $0.93, marking a 481.25% increase from the reported $0.16 in 2024. Estimates for the following years are $1.16 in 2026, $0.83 in 2027, and $0 in 2028.

What is Magnite’s revenue forecast?

Magnite's average annual revenue forecast for its fiscal year ending in December 2025 is $677.56M, reflecting a 1.41% increase from the reported $668.17M in 2024. The forecast for 2026 is $749.82M, followed by $817.5M for 2027, and $876.23M for 2028.

What is Magnite’s net income forecast?

Magnite's net income forecast for the fiscal year ending in December 2025 stands at $127.03M, representing an 457.51% increase from the reported $22.79M in 2024. Projections indicate $74.4M in 2026, $126.8M in 2027, and $0 in 2028.