Magnite, Inc. (MGNI)
NASDAQ: MGNI · IEX Real-Time Price · USD
8.80
-0.30 (-3.30%)
At close: Apr 25, 2024, 4:00 PM
8.86
+0.06 (0.68%)
After-hours: Apr 25, 2024, 7:59 PM EDT
Magnite Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Magnite stock have an average target of 14.3, with a low estimate of 12 and a high estimate of 18. The average target predicts an increase of 62.50% from the current stock price of 8.80.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Magnite stock from 10 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 5 | 5 | 5 | 4 | 4 | 4 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 11 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $15 | Strong Buy | Initiates | $15 | +64.77% | Apr 19, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +104.55% | Mar 25, 2024 |
| Needham | Needham | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +70.45% | Mar 21, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $15 | Buy | Reiterates | $15 | +70.45% | Mar 7, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $16 → $18 | Strong Buy | Maintains | $16 → $18 | +104.55% | Feb 29, 2024 |
Financial Forecast
Revenue This Year
614.19M
from 619.71M
Decreased by -0.89%
Revenue Next Year
677.62M
from 614.19M
Increased by 10.33%
EPS This Year
0.79
from -1.17
EPS Next Year
0.92
from 0.79
Increased by 15.73%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 635.3M | 716.9M | 818.9M |
| Avg | 614.2M | 677.6M | 795.5M |
| Low | 585.3M | 643.2M | 764.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.5% | 16.7% | 20.9% |
| Avg | -0.9% | 10.3% | 17.4% |
| Low | -5.5% | 4.7% | 12.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.00 | 1.12 | 1.19 |
| Avg | 0.79 | 0.92 | 1.16 |
| Low | 0.66 | 0.77 | 1.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 41.5% | 29.5% |
| Avg | - | 15.7% | 25.8% |
| Low | - | -2.5% | 20.8% |
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.