Magnite, Inc. (MGNI)
NASDAQ: MGNI · IEX Real-Time Price · USD
14.94
+0.40 (2.75%)
At close: Jul 19, 2024, 4:00 PM
15.42
+0.48 (3.21%)
Pre-market: Jul 22, 2024, 8:10 AM EDT
Magnite Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Magnite stock have an average target of 15.65, with a low estimate of 12 and a high estimate of 20. The average target predicts an increase of 4.75% from the current stock price of 14.94.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Magnite stock from 11 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 6 | 6 | 6 |
| Buy | 4 | 4 | 4 | 4 | 4 | 5 |
| Hold | 2 | 2 | 2 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 11 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Jul 16, 2024 |
| Needham | Needham | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +0.40% | Jul 9, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +20.48% | Jun 17, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $17 → $19 | Buy | Maintains | $17 → $19 | +27.18% | Jun 5, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $13 → $15 | Buy | Maintains | $13 → $15 | +0.40% | Jun 3, 2024 |
Financial Forecast
Revenue This Year
620.19M
from 619.71M
Increased by 0.08%
Revenue Next Year
686.08M
from 620.19M
Increased by 10.62%
EPS This Year
0.84
from -1.17
EPS Next Year
0.95
from 0.84
Increased by 13.57%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 642.6M | 726.5M | 830.5M |
| Avg | 620.2M | 686.1M | 806.7M |
| Low | 591.1M | 648.2M | 775.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.7% | 17.1% | 21.0% |
| Avg | 0.1% | 10.6% | 17.6% |
| Low | -4.6% | 4.5% | 13.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.04 | 1.11 | 1.25 |
| Avg | 0.84 | 0.95 | 1.21 |
| Low | 0.74 | 0.83 | 1.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 32.6% | 31.2% |
| Avg | - | 13.6% | 27.4% |
| Low | - | -0.8% | 22.4% |
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.