
Magnite (MGNI) Stock Forecast & Price Target
Magnite (MGNI) Analyst Ratings
Bulls say
Magnite's EBITDA reached $57 million, reflecting a year-over-year increase of 13%, and surpassed expectations by approximately $5 million, indicating robust financial performance. Connected television (CTV) revenue excluding traffic acquisition costs (TAC) grew 18% and constituted 46% of the company's revenue mix, suggesting a strong position in a rapidly developing sector. Additionally, the anticipated behavioral reforms from the Google AdTech legal proceedings could further enhance Magnite's growth prospects, as the company estimates a potential $50 million increase in CTV revenue for each 1% share gain in the market.
Bears say
Magnite's financial outlook is negatively affected by projections indicating revenue growth that could fall 500 basis points below base case estimates for calendar year 2026. This weaker growth scenario suggests a potential decline in revenue and profit margins, with valuation metrics estimated at 1.0x CY/26E EV/S and 2.5x EV/EBITDA, which would represent a discount compared to industry peers. Additionally, the company's struggle to effectively manage and capitalize on emerging growth opportunities raises concerns about potential market share losses.
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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