Magnite (MGNI) Stock Forecast, Price Target & Predictions
MGNI Stock Forecast
Magnite stock forecast is as follows: an average price target of $19.75 (represents a 18.55% upside from MGNI’s last price of $16.66) 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 $19.75 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $48.00 to $14.50. This represents a potential 18.55% upside from MGNI's last price of $16.66.
MGNI Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Omar Dessouky | Bank of America Securities | $17.00 | $14.80 | 14.86% | 2.04% |
| Jul 25, 2024 | Eric Martinuzzi | Lake Street | $21.00 | $14.27 | 47.16% | 26.05% |
| Jun 05, 2024 | Matthew Swanson | RBC Capital | $19.00 | $13.37 | 42.11% | 14.05% |
| Jun 03, 2024 | Vasily Karasyov | Cannonball Research | $17.00 | $12.34 | 37.76% | 2.04% |
| Jun 03, 2024 | Mark Mahaney | Evercore ISI | $15.00 | $12.34 | 21.56% | -9.96% |
| May 09, 2024 | Matthew Swanson | RBC Capital | $17.00 | $8.90 | 91.01% | 2.04% |
| Apr 19, 2024 | Daniel Day | B.Riley Financial | $14.50 | $8.64 | 67.82% | -12.97% |
| Mar 22, 2023 | Laura Martin | Needham | $15.00 | $9.13 | 64.38% | -9.96% |
| Jul 23, 2022 | Jason Kreyer | Craig-Hallum | $16.00 | $8.19 | 95.36% | -3.96% |
| May 02, 2022 | Matthew Thornton | Truist Financial | $15.00 | $10.25 | 46.34% | -9.96% |
The latest Magnite stock forecast, released on Jul 29, 2024 by Omar Dessouky from Bank of America Securities, set a price target of $17.00, which represents a 14.86% increase from the stock price at the time of the forecast ($14.80), and a 2.04% increase from MGNI last price ($16.66).
Magnite Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 7 |
| Avg Price Target | - | - | $17.21 |
| Last Closing Price | $16.66 | $16.66 | $16.66 |
| Upside/Downside | -100.00% | -100.00% | 3.30% |
In the current month, the average price target of Magnite stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Magnite's last price of $16.66. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 28, 2024 | Wells Fargo | - | Equal-Weight | Initialise |
| Oct 23, 2024 | B. Riley | Buy | Buy | Hold |
| Oct 23, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Oct 01, 2024 | Benchmark | Buy | Buy | Hold |
| Sep 18, 2024 | Needham | Buy | Buy | Hold |
| Aug 20, 2024 | RBC Capital | Buy | Buy | Hold |
| Aug 08, 2024 | Benchmark | Buy | Buy | Hold |
| Jul 25, 2024 | Lake Street | - | Buy | Initialise |
| Jul 15, 2024 | Wolfe Research | - | Outperform | Initialise |
| Jul 09, 2024 | Susquehanna | Buy | Buy | Hold |
Magnite's last stock rating was published by Wells Fargo on Oct 28, 2024. The company Initialise its MGNI rating from "null" to "Equal-Weight".
Magnite Financial Forecast
Magnite Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $237.70M | $188.90M | $185.46M | $161.04M | $205.52M | $165.23M | $162.05M | $141.67M | $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 | $250.57M | $199.13M | $195.50M | $169.76M | $216.64M | $174.17M | $170.83M | $149.34M | $194.27M | $148.00M | $144.04M | $124.24M | $169.03M | $130.01M | $141.54M | $116.92M | $162.10M | $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 | $234.60M | $186.44M | $183.04M | $158.95M | $202.84M | $163.08M | $159.94M | $139.82M | $181.89M | $147.97M | $144.04M | $124.24M | $158.26M | $129.82M | $132.52M | $109.47M | $151.78M | $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 |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 3 | 3 | 3 | 2 | 2 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 3 | 3 | 3 | 2 | 2 |
| 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 | $29.85M | $23.72M | $23.29M | $20.23M | $25.81M | $20.75M | $20.35M | $17.79M | $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 | $31.47M | $25.01M | $24.55M | $21.32M | $27.21M | $21.87M | $21.45M | $18.76M | $24.40M | $18.59M | $18.09M | $-8.73M | $21.23M | $16.33M | $17.78M | $-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 | $29.46M | $23.42M | $22.99M | $19.96M | $25.47M | $20.48M | $20.09M | $17.56M | $22.84M | $18.58M | $18.09M | $-13.10M | $19.88M | $16.30M | $16.64M | $-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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 3 | 3 | 3 | 2 | 2 |
| 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 | $67.51M | $32.26M | $29.94M | $8.68M | $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 | $78.69M | $40.93M | $43.14M | $23.21M | $72.26M | $34.53M | $32.04M | $18.80M | $62.71M | $24.07M | $22.97M | $-49.64M | $44.70M | $17.08M | $11.37M | $-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 | $72.27M | $37.59M | $39.62M | $21.32M | $66.37M | $31.72M | $29.43M | $-1.45M | $57.01M | $24.04M | $22.92M | $-74.46M | $41.05M | $16.99M | $10.44M | $-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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 3 | 3 | 3 | 2 | 2 |
| 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 | $121.15M | $96.28M | $94.52M | $82.08M | $104.75M | $84.21M | $82.60M | $72.21M | $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 | $127.71M | $101.49M | $99.64M | $86.52M | $110.42M | $88.77M | $87.07M | $76.11M | $99.02M | $75.43M | $73.42M | $114.72M | $86.15M | $66.26M | $72.14M | $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 | $119.57M | $95.03M | $93.29M | $81.01M | $103.38M | $83.12M | $81.52M | $71.27M | $92.71M | $75.42M | $73.42M | $76.48M | $80.66M | $66.17M | $67.54M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 3 | 3 | 3 | 2 | 2 |
| 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 | $0.45 | $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 | $0.53 | $0.28 | $0.29 | $0.16 | $0.49 | $0.23 | $0.22 | $0.13 | $0.42 | $0.16 | $0.15 | - | $0.30 | $0.11 | $0.08 | $-0.06 | $0.35 | $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 | $0.49 | $0.25 | $0.27 | $0.14 | $0.45 | $0.21 | $0.20 | $-0.01 | $0.38 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CCO | Clear Channel Outdoor | $1.64 | $3.25 | 98.17% | Buy |
| ZD | Ziff Davis | $57.31 | $108.33 | 89.02% | Hold |
| IPG | Interpublic Group of Companies | $29.20 | $47.33 | 62.09% | Buy |
| CMPR | Cimpress | $80.48 | $120.00 | 49.11% | - |
| CTV | Innovid | $1.72 | $2.50 | 45.35% | Buy |
| CRTO | Criteo | $37.92 | $49.56 | 30.70% | Buy |
| MGNI | Magnite | $16.66 | $19.75 | 18.55% | Buy |
| DLX | Deluxe | $23.34 | $27.00 | 15.68% | Buy |
| STGW | Stagwell | $7.46 | $8.25 | 10.59% | Buy |
| QUOT | Quotient | $4.00 | $3.50 | -12.50% | Hold |