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Magnite Inc has a consensus price target of $18.06 based on the ratings of 18 analysts. The high is $25 issued by Benchmark on February 27, 2025. The low is $12 issued by Truist Securities on August 15, 2023. The 3 most-recent analyst ratings were released by Susquehanna, Benchmark, and Needham on February 27, 2025, respectively. With an average price target of $22.33 between Susquehanna, Benchmark, and Needham, there's an implied 52.45% upside for Magnite Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Magnite (NASDAQ:MGNI) was reported by Susquehanna on February 27, 2025. The analyst firm set a price target for $22.00 expecting MGNI to rise to within 12 months (a possible 50.17% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Magnite (NASDAQ:MGNI) was provided by Susquehanna, and Magnite maintained their positive rating.
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.
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.
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 February 27, 2025 so you should expect the next rating to be made available sometime around February 27, 2026.
While ratings are subjective and will change, the latest Magnite (MGNI) rating was a maintained with a price target of $16.00 to $22.00. The current price Magnite (MGNI) is trading at is $14.65, which is out of the analyst’s predicted range.
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