
Magnite (MGNI) Stock Forecast & Price Target
Magnite (MGNI) Analyst Ratings
Bulls say
Magnite reported an impressive EBITDA of $57 million, reflecting a year-over-year growth of 13% and exceeding estimates by approximately $5 million, which underscores a solid financial performance. The company's connected television (CTV) segment saw significant growth, with CTV ex TAC rising by 18% year-over-year and making up 46% of the revenue mix, indicating strong demand for CTV advertising solutions. Additionally, the anticipated behavioral and structural reforms from the ongoing Google AdTech remedy trial may provide further growth opportunities, potentially enhancing Magnite's market position and profitability in the coming years.
Bears say
Magnite's revenue growth projections are under pressure, with a downside scenario suggesting growth could be 500 basis points lower in CY/26E than previously anticipated. This decline in revenue growth, along with potential reductions in margins, indicates a valuation of 1.0x CY/26E EV/S and 2.5x EV/EBITDA, likely reflecting a discount compared to competitors. Moreover, the inability to manage and capitalize on emerging growth opportunities could result in significant market share losses, further exacerbating the negative outlook for Magnite's stock.
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
Start investing in Magnite (MGNI)
Order type
Buy in
Order amount
Est. shares
0 shares