Analyst Price Target is $13.88
▲ +64.01% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Magnite in the last 3 months. The average price target is $13.88, with a high forecast of $16.00 and a low forecast of $11.00. The average price target represents a 64.01% upside from the last price of $8.46.
Current Consensus is
The current consensus among 10 contributing investment analysts is to moderate buy stock in Magnite. This Moderate Buy consensus rating has held steady for over two years.
Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.