Magnite (MGNI) Stock Forecast & Price Target

$16.34 +0.62 (+3.94%)

(As of 12/20/2024 05:40 PM ET)

Magnite - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
1

Buy
12

Based on 13 Wall Street analysts who have issued ratings for Magnite in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 1 has given a hold rating, and 12 have given a buy rating for MGNI.

Consensus Price Target

$17.73
8.51% Upside

According to the 13 analysts' twelve-month price targets for Magnite, the average price target is $17.73. The highest price target for MGNI is $22.00, while the lowest price target for MGNI is $13.00. The average price target represents a forecasted upside of 8.51% from the current price of $16.34.

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MGNI Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$17.73	$16.96	$17.25	$13.88
Forecasted Upside	8.51% Upside	-1.00% Downside	32.29% Upside	45.14% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy

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MGNI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MGNI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Magnite Stock vs. The Competition

Type	Magnite	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.92	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.51% Upside	265.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent MGNI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/5/2024	Scotiabank 5 of 5 stars	N. Schindler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Outperform	$22.00	+25.50%
12/5/2024	Needham & Company LLC 2 of 5 stars		Boost Target	Buy ➝ Buy	$17.00 ➝ $20.00	+14.09%
11/8/2024	Macquarie 1 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$18.00 ➝ $18.00	+32.26%
10/28/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Brondolo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$13.00	+1.56%
10/2/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$21.00 ➝ $21.00	+72.27%
9/27/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$19.00 ➝ $19.00	+42.32%
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8/21/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kreyer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$20.00 ➝ $20.00	+50.49%
7/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$15.00 ➝ $17.00	+17.24%
7/25/2024	Lake Street Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Martinuzzi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$21.00	+47.37%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$16.00	+4.51%
6/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$13.00 ➝ $15.00	+15.12%
5/16/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$14.00 ➝ $14.00	+15.13%
4/19/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$14.50	+65.34%
8/14/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$15.00 ➝ $12.00	+39.53%
8/10/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$17.00 ➝ $14.00	+13.45%
6/5/2023	Cannonball Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
5/22/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
1/24/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:19 PM ET.

MGNI Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Magnite is $17.73, with a high forecast of $22.00 and a low forecast of $13.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnite in the last year. There is currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MGNI shares.
: According to analysts, Magnite's stock has a predicted upside of 8.51% based on their 12-month stock forecasts.
: Magnite has been rated by research analysts at Benchmark, Macquarie, Needham & Company LLC, Royal Bank of Canada, Scotiabank, and Wells Fargo & Company in the past 90 days.
: Analysts like Magnite more than other "computer and technology" companies. The consensus rating score for Magnite is 2.92 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how MGNI compares to other companies.

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This page (NASDAQ:MGNI) was last updated on 12/22/2024 by MarketBeat.com Staff

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Magnite (MGNI) Stock Forecast & Price Target