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NASDAQ:MGNI - Magnite Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $39.89
  • Forecasted Upside: 33.68 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$29.84 As of 08/2/2021 01:00 AM ET
▼ -0.46 (-1.52%)

This chart shows the closing price for MGNI by one month, three months, or twelve months.

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Analyst Price Target for MGNI

Analyst Price Target is $39.89
▲ +33.68% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Magnite in the last 3 months. The average price target is $39.89, with a high forecast of $70.00 and a low forecast of $13.00. The average price target represents a 33.68% upside from the last price of $29.84.

This chart shows the closing price for MGNI for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 9 investment analysts is to buy stock in Magnite.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/9/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/9/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/7/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/5/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/3/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
5/4/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/3/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
8/2/2021

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/14/2021Needham & Company LLCInitiated CoverageBuy$70.00High
7/2/2021Craig HallumReiterated RatingBuy$50.00Low
6/7/2021Truist SecuritiesUpgradeHold ➝ Buy$37.00High
6/7/2021TruistUpgradeHold ➝ Buy$37.00High
5/11/2021Craig HallumLower Price Target$72.00 ➝ $60.00Low
5/11/2021Susquehanna BancsharesLower Price TargetPositive$80.00 ➝ $46.00High
5/11/2021SusquehannaLower Price TargetPositive$80.00 ➝ $46.00High
4/5/2021Evercore ISIInitiated CoverageIn-Line$44.00Low
2/25/2021Craig HallumBoost Price TargetSell ➝ Buy$63.00 ➝ $72.00High
2/9/2021Needham & Company LLCBoost Price TargetBuy$30.00 ➝ $70.00Low
1/28/2021B. RileyReiterated RatingNeutralLow
1/25/2021TruistDowngradeBuy ➝ Hold$12.00 ➝ $37.00High
1/22/2021Craig HallumBoost Price TargetBuy$25.00 ➝ $45.00High
1/12/2021Needham & Company LLCReiterated RatingBuy$30.00High
12/21/2020Needham & Company LLCBoost Price TargetTop Pick ➝ Buy$18.00 ➝ $30.00High
12/18/2020Susquehanna BancsharesInitiated CoveragePositive$30.00High
11/30/2020Craig HallumBoost Price TargetBuy$16.00 ➝ $25.00High
11/23/2020Needham & Company LLCBoost Price TargetBuy$15.00 ➝ $18.00High
11/10/2020Royal Bank of CanadaBoost Price TargetOutperform$9.00 ➝ $16.00High
11/10/2020Needham & Company LLCBoost Price TargetBuy$10.00 ➝ $15.00High
11/6/2020B. RileyBoost Price TargetBuy$11.00 ➝ $13.00Medium
9/29/2020Royal Bank of CanadaInitiated CoverageOutperform$9.00Low
9/3/2020Needham & Company LLCInitiated CoverageBuy$10.00High
8/14/2020TruistBoost Price Target$7.00 ➝ $9.00Low
(Data available from 8/2/2016 forward)
Magnite logo
Magnite, Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. It features applications and services for digital advertising sellers including websites, mobile applications, and other digital media properties. The company was founded by Frank Addante, Duc Chau, Craig Roah, Julie Mattern and Brian D. Baumgart on April 20, 2007 and is headquartered in Los Angeles, CA.
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Today's Range

Now: $29.84
Low: $29.35
High: $30.82

50 Day Range

MA: $31.73
Low: $28.48
High: $36.93

52 Week Range

Now: $29.84
Low: $5.57
High: $64.39

Volume

984,364 shs

Average Volume

3,492,799 shs

Market Capitalization

$3.85 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.38

Frequently Asked Questions

What sell-side analysts currently cover shares of Magnite?

The following Wall Street sell-side analysts have issued reports on Magnite in the last twelve months: B. Riley, Craig Hallum, Evercore ISI, Needham & Company LLC, Royal Bank of Canada, Susquehanna, Susquehanna Bancshares, Inc., TheStreet, Truist, Truist Securities, and Zacks Investment Research.
View the latest analyst ratings for MGNI.

What is the current price target for Magnite?

9 Wall Street analysts have set twelve-month price targets for Magnite in the last year. Their average twelve-month price target is $39.89, suggesting a possible upside of 33.7%. Needham & Company LLC has the highest price target set, predicting MGNI will reach $70.00 in the next twelve months. B. Riley has the lowest price target set, forecasting a price of $13.00 for Magnite in the next year.
View the latest price targets for MGNI.

What is the current consensus analyst rating for Magnite?

Magnite currently has 2 hold ratings and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MGNI will outperform the market and that investors should add to their positions of Magnite.
View the latest ratings for MGNI.

What other companies compete with Magnite?

Other companies that are similar to Magnite include FactSet Research Systems, Weibo, GDS, DigitalOcean, Bumble, DoubleVerify, Medallia, TripAdvisor, Dada Nexus, Switch, Chindata Group, Cardlytics, Blend Labs, KnowBe4 and Rackspace Technology.

How do I contact Magnite's investor relations team?

Magnite's physical mailing address is 12181 BLUFF CREEK DRIVE 4TH FLOOR, LOS ANGELES CA, 90094. The company's listed phone number is (310) 207-0272 and its investor relations email address is [email protected] The official website for Magnite is www.magnite.com.