
Magnite (MGNI) Stock Forecast & Price Target
Magnite (MGNI) Analyst Ratings
Bulls say
Magnite's financial performance demonstrates a solid upward trajectory, with EBITDA rising 13% year-over-year to $57 million, surpassing estimates by approximately $5 million. The connected television segment has shown remarkable growth, with CTV revenue excluding TAC increasing 18%, contributing to 46% of the company's revenue mix, indicating a strong demand for digital advertising solutions. Additionally, the company anticipates favorable developments from upcoming Google AdTech reforms and reaffirms potential revenue growth, particularly in the CTV sector, which could lead to substantial margin improvements in the coming years.
Bears say
Magnite faces a negative outlook primarily due to a projected revenue growth rate that is anticipated to be 500 basis points lower in CY/26E compared to the base case scenario. The potential downside in revenue and margins could lead to a valuation of 1.0x CY/26E EV/S or 2.5x EV/EBITDA, indicating a significant discount relative to peers in the industry. Furthermore, the company's inability to effectively manage and defend emerging growth opportunities could result in substantial market share losses, exacerbating financial challenges.
This aggregate rating is based on analysts' research of Magnite and is not a guaranteed prediction by Public.com or investment advice.
Magnite (MGNI) Analyst Forecast & Price Prediction
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