Magnite, Inc. (MGNI)
NASDAQ: MGNI · Real-Time Price · USD
16.34
+0.62 (3.94%)
Dec 20, 2024, 4:00 PM EST - Market closed
Magnite Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Magnite stock have an average target of 17.88, with a low estimate of 13 and a high estimate of 22. The average target predicts an increase of 9.42% from the current stock price of 16.34.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Magnite stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 6 | 6 | 6 | 6 | 6 |
| Buy | 5 | 4 | 4 | 4 | 5 | 6 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 10 | 10 | 11 | 12 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Initiates $22 | Buy | Initiates | $22 | +34.64% | Dec 5, 2024 |
| Needham | Needham | Strong Buy Maintains $17 → $20 | Strong Buy | Maintains | $17 → $20 | +22.40% | Dec 5, 2024 |
| Macquarie | Macquarie | Buy Maintains $18 | Buy | Maintains | $18 | +10.16% | Nov 8, 2024 |
| Wells Fargo | Wells Fargo | Hold Initiates $13 | Hold | Initiates | $13 | -20.44% | Oct 28, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $21 | Strong Buy | Reiterates | $21 | +28.52% | Oct 2, 2024 |
Financial Forecast
Revenue This Year
623.27M
from 619.71M
Increased by 0.57%
Revenue Next Year
688.18M
from 623.27M
Increased by 10.41%
EPS This Year
0.78
from -1.17
EPS Next Year
0.94
from 0.78
Increased by 20.60%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 643.2M | 716.1M | 817.5M | |
| Avg | 623.3M | 688.2M | 775.5M | |
| Low | 596.6M | 655.8M | 721.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.8% | 14.9% | 18.8% | |
| Avg | 0.6% | 10.4% | 12.7% | |
| Low | -3.7% | 5.2% | 4.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.97 | 1.09 | 1.31 |
| Avg | 0.78 | 0.94 | 1.23 |
| Low | 0.68 | 0.78 | 1.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 40.7% | 40.2% |
| Avg | - | 20.6% | 31.8% |
| Low | - | 1.0% | 22.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.