Magnite's Growth Prospects Strengthen As CTV, Regulation Shift In Its Favor

Rosenblatt analyst Barton Crockett initiated coverage on Magnite, Inc. MGNI with a Buy rating and a price forecast of $18.

The analyst wrote on Monday that despite navigating Google‘s anti-competitive practices, Magnite has achieved healthy double-digit to mid-teens average growth in the five years since the Rubicon-Telaria merger.

The analyst believes Magnite’s potential is even greater if regulatory actions level the playing field with Google.

Crockett says that Magnite is well-positioned to capitalize on the ongoing shift from traditional TV to Connected TV (CTV) and the expansion of programmatic advertising.

Notably, the analyst expects macroeconomic concerns to lessen after the 2026 midterms as President Donald Trump potentially moderates disruptive economic measures.

The analyst estimates 2025 revenue of $747 million (vs. consensus of $750 million) and adjusted EPS of $0.72 (vs. street view of $0.94).

For 2026, Crockett estimates revenue of $819 million (vs. consensus of $838 million) and adjusted EPS of $0.85 compared to consensus of $1.20.

The company plans to release its financial results for the first quarter after the market closes on May 7, 2025.

Investors can gain exposure to the stock via Elevation Series Trust Clough Select Equity ETF CBSE and KraneShares Trust KraneShares Man Buyout Beta Index ETF BUYO.

Price Action: MGNI shares were down 0.4% to $12.30 on Tuesday.

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