
Magnite (MGNI) Stock Forecast & Price Target
Magnite (MGNI) Analyst Ratings
Bulls say
Magnite reported an EBITDA of $57 million, reflecting a 13% year-over-year increase and surpassing estimates by approximately $5 million. In the third quarter, contribution excluding traffic acquisition costs (TAC) rose 12% year-over-year to $167 million, indicating robust growth driven by an 18% increase in connected television (CTV) revenue. The company is optimistic about potential behavioral reforms within the advertising technology landscape, which could further enhance its market position and profitability in the upcoming years.
Bears say
The analysis highlights a significant concern regarding Magnite's future revenue growth, predicting a downside scenario where growth could be 500 basis points lower than previously estimated for calendar year 2026. This scenario suggests that Magnite's enterprise value could be severely impacted, with potential valuations dropping to 1.0x EV/S and 2.5x EV/EBITDA, indicating a marked discount compared to peers in the industry. The continued failure to effectively manage and defend emerging growth opportunities raises the risk of market share losses, further compounding the company's financial challenges.
This aggregate rating is based on analysts' research of Magnite and is not a guaranteed prediction by Public.com or investment advice.
Magnite (MGNI) Analyst Forecast & Price Prediction
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