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Magnite - MGNI Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $17.73
  • Forecasted Upside: 8.51%
  • Number of Analysts: 13
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 12 Buy Ratings
  • 0 Strong Buy Ratings
$16.34 As of 12/20/2024 06:40 PM ET
▲ +0.62 (3.94%)

This chart shows the closing price for MGNI by one month, three months, or twelve months.

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Analyst Price Target for MGNI

Analyst Price Target is $17.73
▲ +8.51% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for Magnite in the last 3 months. The average price target is $17.73, with a high forecast of $22.00 and a low forecast of $13.00. The average price target represents a 8.51% upside from the last price of $16.34.

This chart shows the closing price for MGNI for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 13 investment analysts is to moderate buy stock in Magnite. This rating has held steady since October 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/30/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/28/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/27/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 10 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/24/2024
  • 0 strong buy ratings
  • 10 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/22/2024
  • 0 strong buy ratings
  • 11 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/21/2024
  • 0 strong buy ratings
  • 12 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/21/2024

Latest Recommendations

  • 0 strong buy ratings
  • 12 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/5/2024ScotiabankInitiated CoverageSector Outperform$22.00
12/5/2024Needham & Company LLCBoost TargetBuy ➝ Buy$17.00 ➝ $20.00
11/8/2024MacquarieReiterated RatingOutperform ➝ Outperform$18.00 ➝ $18.00
10/28/2024Wells Fargo & CompanyInitiated CoverageEqual Weight$13.00
10/2/2024BenchmarkReiterated RatingBuy ➝ Buy$21.00 ➝ $21.00
10/2/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00 ➝ $15.00
9/27/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$19.00 ➝ $19.00
9/18/2024BenchmarkReiterated RatingBuy ➝ Buy$21.00 ➝ $21.00
8/21/2024Craig HallumReiterated RatingBuy ➝ Buy$20.00 ➝ $20.00
8/20/2024BenchmarkReiterated RatingBuy ➝ Buy$21.00 ➝ $21.00
8/8/2024BenchmarkBoost TargetBuy ➝ Buy$18.00 ➝ $21.00
7/29/2024Bank of AmericaBoost TargetBuy ➝ Buy$15.00 ➝ $17.00
7/25/2024Lake Street CapitalInitiated CoverageBuy$21.00
7/16/2024Wolfe ResearchInitiated CoverageOutperform$16.00
7/9/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00 ➝ $15.00
6/17/2024BenchmarkReiterated RatingBuy ➝ Buy$18.00 ➝ $18.00
6/5/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$17.00 ➝ $19.00
6/3/2024Evercore ISIBoost TargetOutperform ➝ Outperform$13.00 ➝ $15.00
5/24/2024Bank of AmericaUpgradeNeutral ➝ Buy$13.00 ➝ $15.00
5/16/2024SusquehannaReiterated RatingPositive ➝ Positive$14.00 ➝ $14.00
5/16/2024Craig HallumBoost TargetBuy ➝ Buy$18.00 ➝ $20.00
5/16/2024BenchmarkReiterated RatingBuy ➝ Buy$18.00
5/16/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00
5/9/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00
4/19/2024B. RileyInitiated CoverageBuy$14.50
3/25/2024BenchmarkReiterated RatingBuy ➝ Buy$18.00
3/21/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00
3/7/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$15.00
2/29/2024B. RileyBoost TargetBuy ➝ Buy$15.00 ➝ $18.00
2/29/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$13.00 ➝ $15.00
2/29/2024BenchmarkBoost TargetBuy ➝ Buy$16.00 ➝ $18.00
2/29/2024Bank of AmericaBoost TargetNeutral ➝ Neutral$11.00 ➝ $13.00
2/29/2024SusquehannaBoost TargetPositive ➝ Positive$11.00 ➝ $14.00
2/23/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00
2/7/2024B. RileyBoost TargetBuy ➝ Buy$14.00 ➝ $15.00
1/11/2024Bank of AmericaInitiated CoverageNeutral$11.00
11/9/2023Royal Bank of CanadaLower TargetOutperform ➝ Outperform$15.00 ➝ $13.00
11/9/2023SusquehannaLower TargetPositive ➝ Positive$13.00 ➝ $11.00
8/21/2023BenchmarkReiterated RatingBuy ➝ Buy$16.00
8/18/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00
8/16/2023Evercore ISIUpgradeIn-Line ➝ Outperform$11.00 ➝ $14.00
8/14/2023Truist FinancialLower TargetBuy ➝ Buy$15.00 ➝ $12.00
8/10/2023Royal Bank of CanadaLower TargetOutperform ➝ Outperform$20.00 ➝ $18.00
8/10/2023B. RileyLower TargetBuy ➝ Buy$20.00 ➝ $16.00
8/10/2023StephensLower TargetOverweight ➝ Overweight$17.00 ➝ $14.00
8/10/2023SusquehannaLower TargetPositive ➝ Positive$15.00 ➝ $13.00
8/10/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$15.00
6/5/2023Cannonball ResearchDowngradeBuy ➝ Neutral
5/22/202322nd Century GroupReiterated RatingReiterates
4/12/2023B. RileyInitiated CoverageBuy$15.00
3/22/2023Needham & Company LLCReiterated RatingBuy$15.00
2/23/2023Needham & Company LLCReiterated RatingBuy$15.00
2/23/2023SusquehannaBoost TargetPositive$13.00 ➝ $15.00
2/21/2023BenchmarkReiterated RatingBuy$14.00
2/21/2023Royal Bank of CanadaBoost TargetOutperform$15.00 ➝ $16.00
1/24/2023Vertical ResearchDowngradeNeutral
12/16/2022Needham & Company LLCBoost TargetBuy$9.00 ➝ $15.00
11/15/2022Evercore ISIBoost Target$11.00
11/15/2022BenchmarkLower Target$14.00
11/10/2022Needham & Company LLCLower TargetBuy$13.00 ➝ $9.00
8/15/2022Evercore ISILower Target$10.00
8/10/2022Susquehanna BancsharesLower TargetPositive$24.00 ➝ $13.00
8/10/2022SusquehannaLower TargetPositive$24.00 ➝ $13.00
8/2/2022Truist FinancialLower TargetBuy$15.00 ➝ $13.00
7/14/2022Craig HallumLower Target$25.00 ➝ $16.00
7/13/2022BenchmarkInitiated CoverageBuy$18.00
7/6/2022Needham & Company LLCLower TargetBuy$25.00 ➝ $13.00
5/2/2022Truist FinancialLower Target$18.00 ➝ $15.00
3/23/2022Needham & Company LLCInitiated CoverageBuy$25.00
3/4/2022Craig HallumReiterated RatingBuy$25.00
2/24/2022Susquehanna BancsharesLower TargetPositive$37.00 ➝ $24.00
2/24/2022Craig HallumLower Target$45.00 ➝ $25.00
2/24/2022SusquehannaLower TargetPositive$37.00 ➝ $24.00
1/27/2022Truist FinancialLower Target$30.00 ➝ $23.00
1/21/2022Needham & Company LLCLower TargetBuy$70.00 ➝ $25.00
12/8/2021Needham & Company LLCInitiated CoverageBuy$69.00
12/7/2021MacquarieLower TargetOutperform ➝ Outperform$35.00 ➝ $25.00
11/30/2021Truist FinancialLower TargetBuy$37.00 ➝ $30.00
11/4/2021Royal Bank of CanadaLower TargetOutperform$40.00 ➝ $36.00
10/26/2021Craig HallumLower TargetHold ➝ Buy$52.00 ➝ $45.00
9/22/2021Berenberg BankInitiated CoverageBuy$37.00
9/16/2021Needham & Company LLCReiterated RatingBuy$70.00
8/31/2021MacquarieInitiated CoverageOutperform$39.00
8/9/2021Royal Bank of CanadaInitiated CoverageOutperform$40.00
7/14/2021Needham & Company LLCInitiated CoverageBuy$70.00
7/2/2021Craig HallumReiterated RatingBuy$50.00
6/7/2021Truist FinancialUpgradeHold ➝ Buy$37.00
5/11/2021Craig HallumLower Target$72.00 ➝ $60.00
5/11/2021Susquehanna BancsharesLower TargetPositive$80.00 ➝ $46.00
5/11/2021SusquehannaLower TargetPositive$80.00 ➝ $46.00
4/5/2021Evercore ISIInitiated CoverageIn-Line$44.00
2/25/2021Craig HallumBoost TargetSell ➝ Buy$63.00 ➝ $72.00
2/9/2021Needham & Company LLCBoost TargetBuy$30.00 ➝ $70.00
1/28/2021B. RileyReiterated RatingNeutral
1/25/2021Truist FinancialDowngradeBuy ➝ Hold$12.00 ➝ $37.00
1/22/2021Craig HallumBoost TargetBuy$25.00 ➝ $45.00
1/12/2021Needham & Company LLCReiterated RatingBuy$30.00
12/21/2020Needham & Company LLCBoost TargetTop Pick ➝ Buy$18.00 ➝ $30.00
12/18/2020Susquehanna BancsharesInitiated CoveragePositive$30.00
11/30/2020Craig HallumBoost TargetBuy$16.00 ➝ $25.00
11/23/2020Needham & Company LLCBoost TargetBuy$15.00 ➝ $18.00
11/10/2020Royal Bank of CanadaBoost TargetOutperform$9.00 ➝ $16.00
11/10/2020Needham & Company LLCBoost TargetBuy$10.00 ➝ $15.00
11/6/2020B. RileyBoost TargetBuy$11.00 ➝ $13.00
9/29/2020Royal Bank of CanadaInitiated CoverageOutperform$9.00
9/3/2020Needham & Company LLCInitiated CoverageBuy$10.00
8/14/2020Truist FinancialBoost Target$7.00 ➝ $9.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.08 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 19 very positive mentions
  • 18 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 18 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 5 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 16 very positive mentions
  • 21 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 11 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
9/22/2024
  • 9 very positive mentions
  • 9 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
10/22/2024
  • 15 very positive mentions
  • 24 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 25 very positive mentions
  • 17 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 25 very positive mentions
  • 17 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Magnite logo
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
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Today's Range

Now: $16.34
Low: $15.26
High: $16.39

50 Day Range

MA: $14.97
Low: $11.97
High: $18.00

52 Week Range

Now: $16.34
Low: $8.38
High: $18.38

Volume

2,798,106 shs

Average Volume

1,655,700 shs

Market Capitalization

$2.30 billion

P/E Ratio

272.33

Dividend Yield

N/A

Beta

2.5

Frequently Asked Questions

What sell-side analysts currently cover shares of Magnite?

The following Wall Street sell-side analysts have issued reports on Magnite in the last twelve months: B. Riley, Bank of America Co., Benchmark Co., Craig Hallum, Evercore ISI, Lake Street Capital, Macquarie, Needham & Company LLC, Royal Bank of Canada, Scotiabank, Susquehanna, Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for MGNI.

What is the current price target for Magnite?

0 Wall Street analysts have set twelve-month price targets for Magnite in the last year. Their average twelve-month price target is $17.73, suggesting a possible upside of 8.5%. Scotiabank has the highest price target set, predicting MGNI will reach $22.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $13.00 for Magnite in the next year.
View the latest price targets for MGNI.

What is the current consensus analyst rating for Magnite?

Magnite currently has 1 hold rating and 12 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for MGNI.

What other companies compete with Magnite?

Other companies that are similar to Magnite include BILL, Vertex, Kyndryl, Trump Media & Technology Group and Match Group. Learn More about companies similar to Magnite.

How do I contact Magnite's investor relations team?

Magnite's physical mailing address is 12181 BLUFF CREEK DRIVE 4TH FLOOR, LOS ANGELES CA, 90094. The company's listed phone number is (212) 243-2769 and its investor relations email address is [email protected]. The official website for Magnite is www.magnite.com. Learn More about contacing Magnite investor relations.