
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 that exceeded expectations by approximately $5 million. The contribution from connected television (CTV) grew by 18% reported, accounting for 46% of revenue mix, and continued to accelerate from previous quarters, demonstrating strong momentum in this segment. Furthermore, the company anticipates a potential $50 million CTV revenue lift at over 90% margins for every 1% market share gain, underlining the significant growth opportunities inherent in its business model.
Bears say
Magnite's financial outlook appears negative, with a downside scenario predicting revenue growth to be 500 basis points lower in CY/26E compared to base case expectations. The forecast suggests a potential decline in revenue and margins, positioning the company at a valuation of 1.0x CY/26E EV/S or 2.5x EV/EBITDA, indicating a significant discount relative to industry peers. Additionally, there is concern that the company's inability to manage and defend emerging growth opportunities may result in market share losses, further complicating its competitive standing in the industry.
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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