Magnite, Inc. (MGNI)
NASDAQ: MGNI · Real-Time Price · USD
15.44
+0.30 (1.98%)
Jan 17, 2025, 4:00 PM EST - Market closed
Magnite Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Magnite stock have an average target of 18.39, with a low estimate of 14 and a high estimate of 22. The average target predicts an increase of 19.11% from the current stock price of 15.44.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Magnite stock from 14 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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Buy | 4 | 4 | 4 | 5 | 6 | 7 |
| Hold | 0 | 0 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 11 | 12 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $20 | Strong Buy | Reiterates | $20 | +29.53% | Jan 17, 2025 |
| Wells Fargo | Wells Fargo | Hold Maintains $13 → $15 | Hold | Maintains | $13 → $15 | -2.85% | Jan 16, 2025 |
| RBC Capital | RBC Capital | Buy Maintains $19 → $22 | Buy | Maintains | $19 → $22 | +42.49% | Jan 3, 2025 |
| Wolfe Research | Wolfe Research | Buy Maintains $14 → $19 | Buy | Maintains | $14 → $19 | +23.06% | Jan 3, 2025 |
| Scotiabank | Scotiabank | Buy Initiates $22 | Buy | Initiates | $22 | +42.49% | Dec 5, 2024 |
Financial Forecast
Revenue This Year
623.44M
from 619.71M
Increased by 0.60%
Revenue Next Year
688.10M
from 623.44M
Increased by 10.37%
EPS This Year
0.78
from -1.17
EPS Next Year
0.95
from 0.78
Increased by 22.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 643.7M | 716.1M | 817.5M | |
| Avg | 623.4M | 688.1M | 770.4M | |
| Low | 596.6M | 654.6M | 713.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.9% | 14.9% | 18.8% | |
| Avg | 0.6% | 10.4% | 12.0% | |
| Low | -3.7% | 5.0% | 3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.97 | 1.09 | 1.33 |
| Avg | 0.78 | 0.95 | 1.24 |
| Low | 0.68 | 0.78 | 1.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 40.7% | 39.8% |
| Avg | - | 22.9% | 30.4% |
| Low | - | 1.0% | 20.0% |
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.