
Magnite (MGNI) Stock Forecast & Price Target
Magnite (MGNI) Analyst Ratings
Bulls say
Magnite reported an EBITDA of $57 million, reflecting a 13% year-over-year increase, which was approximately $5 million above expectations. The company saw notable growth in its connected television (CTV) segment, with revenue ex TAC increasing by 18%, contributing to 46% of its revenue mix, underscoring the importance of CTV in its business model. Additionally, future growth prospects appear optimistic, as a potential lift in CTV revenue of $50 million is anticipated for each 1% gain in market share, along with ongoing optimism surrounding regulatory reforms in the AdTech space.
Bears say
Magnite's outlook reflects concerns regarding revenue growth, with a projected downside scenario anticipating growth 500 basis points lower in calendar year 2026 compared to a base case scenario. This situation could result in valuation metrics such as 1.0x CY/26E EV/S and 2.5x EV/EBITDA, indicating a potential discount to sector peers. Additionally, the inability to effectively manage and defend emerging growth opportunities presents risks of market share losses, further undermining the company's financial stability.
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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