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Magnite
MGNINASDAQ
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Magnite (NASDAQ:MGNI) Stock, Analyst Ratings, Price Targets, Forecasts
Magnite Inc has a consensus price target of $19.87 based on the ratings of 17 analysts. The high is $39 issued by Macquarie on August 31, 2021. The low is $12 issued by Truist Securities on August 15, 2023. The 3 most-recent analyst ratings were released by Needham, Benchmark, and RBC Capital on July 9, 2024, June 17, 2024, and June 5, 2024, respectively. With an average price target of $17.33 between Needham, Benchmark, and RBC Capital, there's an implied 19.54% upside for Magnite Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Needham
Benchmark
RBC Capital
Evercore ISI Group
B of A Securities
1calculated from analyst ratings
Analyst Ratings for Magnite
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/16/2024 | Buy Now | — | Wolfe Research | Shweta Khajuria | — | Initiates | → Outperform | Get Alert |
| 07/09/2024 | Buy Now | 3.45% | Needham | Laura Martin | $15 → $15 | Reiterates | Buy → Buy | Get Alert |
| 06/17/2024 | Buy Now | 24.14% | Benchmark | Daniel Kurnos | $18 → $18 | Reiterates | Buy → Buy | Get Alert |
| 06/05/2024 | Buy Now | 31.03% | RBC Capital | Matthew Hedberg | $17 → $19 | Maintains | Outperform | Get Alert |
| 06/03/2024 | Buy Now | 3.45% | Evercore ISI Group | Mark Mahaney | $13 → $15 | Maintains | Outperform | Get Alert |
| 05/24/2024 | Buy Now | 3.45% | B of A Securities | Omar Dessouky | $13 → $15 | Upgrade | Neutral → Buy | Get Alert |
| 05/17/2024 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 05/16/2024 | Buy Now | 24.14% | Benchmark | Daniel Kurnos | → $18 | Reiterates | Buy → Buy | Get Alert |
| 05/16/2024 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 05/16/2024 | Buy Now | -3.45% | Susquehanna | Shyam Patil | $14 → $14 | Maintains | Positive | Get Alert |
| 05/16/2024 | Buy Now | 37.93% | Craig-Hallum | Jason Kreyer | $18 → $20 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 04/19/2024 | Buy Now | — | B. Riley Securities | Daniel Day | → $14.5 | Reinstates | → Buy | Get Alert |
| 03/25/2024 | Buy Now | 24.14% | Benchmark | Daniel Kurnos | — | Reiterates | Buy → Buy | Get Alert |
| 03/21/2024 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 03/07/2024 | Buy Now | 3.45% | RBC Capital | Matthew Hedberg | → $15 | Reiterates | Outperform → Outperform | Get Alert |
| 02/29/2024 | Buy Now | 24.14% | Benchmark | Daniel Kurnos | $16 → $18 | Maintains | Buy | Get Alert |
| 02/29/2024 | Buy Now | 24.14% | B. Riley Securities | Daniel Day | $15 → $18 | Maintains | Buy | Get Alert |
| 02/29/2024 | Buy Now | 3.45% | RBC Capital | Matthew Hedberg | $13 → $15 | Maintains | Outperform | Get Alert |
| 02/29/2024 | Buy Now | -10.34% | B of A Securities | Omar Dessouky | $11 → $13 | Maintains | Neutral | Get Alert |
| 02/29/2024 | Buy Now | -3.45% | Susquehanna | Shyam Patil | $11 → $14 | Maintains | Positive | Get Alert |
| 02/23/2024 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 02/07/2024 | Buy Now | 3.45% | B. Riley Securities | Daniel Day | $14 → $15 | Maintains | Buy | Get Alert |
| 01/11/2024 | Buy Now | -24.14% | B of A Securities | Omar Dessouky | → $11 | Initiates | → Neutral | Get Alert |
| 11/09/2023 | Buy Now | -10.34% | RBC Capital | Matthew Hedberg | $15 → $13 | Maintains | Outperform | Get Alert |
| 11/09/2023 | Buy Now | -24.14% | Susquehanna | Shyam Patil | $13 → $11 | Maintains | Positive | Get Alert |
| 08/21/2023 | Buy Now | 10.34% | Benchmark | Daniel Kurnos | → $16 | Reiterates | Buy → Buy | Get Alert |
| 08/18/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 08/16/2023 | Buy Now | -3.45% | Evercore ISI Group | Mark Mahaney | $11 → $14 | Upgrade | In-Line → Outperform | Get Alert |
| 08/15/2023 | Buy Now | -17.24% | Truist Securities | Matthew Thornton | $15 → $12 | Maintains | Buy | Get Alert |
| 08/14/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 08/10/2023 | Buy Now | -10.34% | Susquehanna | Shyam Patil | $15 → $13 | Maintains | Positive | Get Alert |
| 08/10/2023 | Buy Now | -3.45% | Stephens & Co. | Nicholas Zangler | $17 → $14 | Maintains | Overweight | Get Alert |
| 08/10/2023 | Buy Now | 24.14% | RBC Capital | Matthew Hedberg | $20 → $18 | Maintains | Outperform | Get Alert |
| 08/10/2023 | Buy Now | 10.34% | B. Riley Securities | Daniel Day | $20 → $16 | Maintains | Buy | Get Alert |
| 08/10/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 07/11/2023 | Buy Now | 3.45% | Truist Securities | Matthew Thornton | → $15 | Reiterates | Buy → Buy | Get Alert |
| 06/05/2023 | Buy Now | -6.9% | Cannonball Research | Vasily Karasyov | → $13.5 | Downgrade | Buy → Neutral | Get Alert |
| 05/22/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 05/11/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 05/02/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | → Buy | Get Alert |
| 04/18/2023 | Buy Now | 10.34% | Benchmark | Daniel Kurnos | → $16 | Reiterates | → Buy | Get Alert |
| 04/13/2023 | Buy Now | 3.45% | B. Riley Securities | Daniel Day | → $15 | Initiates | → Buy | Get Alert |
| 03/22/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | → Buy | Get Alert |
| 02/28/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Reiterates | → Buy | Get Alert |
| 02/23/2023 | Buy Now | 10.34% | Benchmark | Daniel Kurnos | $14 → $16 | Maintains | Buy | Get Alert |
| 02/23/2023 | Buy Now | 3.45% | Susquehanna | Shyam Patil | $13 → $15 | Maintains | Positive | Get Alert |
| 02/23/2023 | Buy Now | 10.34% | RBC Capital | Matthew Hedberg | → $16 | Reiterates | → Outperform | Get Alert |
| 02/23/2023 | Buy Now | 3.45% | Needham | Laura Martin | → $15 | Maintains | Buy | Get Alert |
| 02/21/2023 | Buy Now | 10.34% | RBC Capital | Matthew Korn | $15 → $16 | Maintains | Outperform | Get Alert |
| 02/21/2023 | Buy Now | -3.45% | Benchmark | Daniel Kurnos | → $14 | Reiterates | → Buy | Get Alert |
| 12/16/2022 | Buy Now | 3.45% | Needham | Laura Martin | $9 → $15 | Maintains | Buy | Get Alert |
| 11/10/2022 | Buy Now | -37.93% | Needham | Laura Martin | $13 → $9 | Maintains | Buy | Get Alert |
| 08/10/2022 | Buy Now | -10.34% | Susquehanna | Shyam Patil | $24 → $13 | Maintains | Positive | Get Alert |
| 08/10/2022 | Buy Now | 31.03% | RBC Capital | Matthew Hedberg | $21 → $19 | Maintains | Outperform | Get Alert |
| 08/02/2022 | Buy Now | -10.34% | Truist Securities | Matthew Thornton | $15 → $13 | Maintains | Buy | Get Alert |
| 07/14/2022 | Buy Now | 24.14% | Benchmark | Daniel Kurnos | → $18 | Initiates | → Buy | Get Alert |
| 07/06/2022 | Buy Now | -10.34% | Needham | Laura Martin | $25 → $13 | Maintains | Buy | Get Alert |
| 02/24/2022 | Buy Now | 65.52% | Susquehanna | Shyam Patil | $37 → $24 | Maintains | Positive | Get Alert |
| 01/21/2022 | Buy Now | 72.41% | Needham | Laura Martin | $70 → $25 | Maintains | Buy | Get Alert |
| 11/30/2021 | Buy Now | 106.9% | Truist Securities | Matthew Thornton | — | Maintains | Buy | Get Alert |
| 11/04/2021 | Buy Now | 148.28% | RBC Capital | — | — | Maintains | Outperform | Get Alert |
| 10/04/2021 | Buy Now | — | Vertical Research | — | — | Downgrade | Positive → Negative | Get Alert |
| 09/22/2021 | Buy Now | 155.17% | Berenberg | — | — | Initiates | → Buy | Get Alert |
| 08/31/2021 | Buy Now | 168.97% | Macquarie | Tim Nollen | — | Initiates | → Outperform | Get Alert |
FAQ
What is the target price for Magnite (MGNI) stock?
The latest price target for Magnite (NASDAQ:MGNI) was reported by Wolfe Research on July 16, 2024. The analyst firm set a price target for $0.00 expecting MGNI to fall to within 12 months (a possible -100.00% downside). 36 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Magnite (MGNI)?
The latest analyst rating for Magnite (NASDAQ:MGNI) was provided by Wolfe Research, and Magnite initiated their outperform rating.
When was the last upgrade for Magnite (MGNI)?
The last upgrade for Magnite Inc happened on May 24, 2024 when B of A Securities raised their price target to $15. B of A Securities previously had a neutral for Magnite Inc.
When was the last downgrade for Magnite (MGNI)?
The last downgrade for Magnite Inc happened on June 5, 2023 when Cannonball Research changed their price target from N/A to $13.5 for Magnite Inc.
When is the next analyst rating going to be posted or updated for Magnite (MGNI)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Magnite, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Magnite was filed on July 16, 2024 so you should expect the next rating to be made available sometime around July 16, 2025.
Is the Analyst Rating Magnite (MGNI) correct?
While ratings are subjective and will change, the latest Magnite (MGNI) rating was a initiated with a price target of $0.00 to $0.00. The current price Magnite (MGNI) is trading at is $14.50, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.