
Magnite (MGNI) Stock Forecast & Price Target
Magnite (MGNI) Analyst Ratings
Bulls say
Magnite demonstrated a strong financial performance with an EBITDA of $57 million, reflecting a year-over-year growth of 13%, which surpassed expectations by approximately $5 million. The company's revenue from connected television (CTV) platforms showed robust growth, rising 18% year-over-year, and contributing significantly to overall revenue, which indicates a solid demand for its services in the evolving digital advertising landscape. Additionally, the firm's strategic positioning in response to potential regulatory changes within the Google AdTech space reinforces its outlook, as a positive outcome could enhance future revenue growth, especially given the high margins associated with CTV.
Bears say
The financial outlook for Magnite is negatively impacted by projected revenue growth being 500 basis points lower in the CY/26E downside scenario compared to the base case, suggesting significant risks to future performance. Furthermore, the anticipated valuation metrics indicate a potential downgrade to 1.0x CY/26E EV/S and 2.5x EV/EBITDA, underscoring a possible discount relative to industry peers. Additionally, the company's failure to effectively manage and defend emerging growth opportunities raises concerns about potential market share losses, further contributing to the pessimistic outlook.
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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