Bulls vs Bears
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Magnite Inc has a consensus price target of $16.07 based on the ratings of 15 analysts. The high is $21 issued by Benchmark on October 2, 2024. The low is $12 issued by Truist Securities on August 15, 2023. The 3 most-recent analyst ratings were released by Wells Fargo, Benchmark, and Needham on October 28, 2024, October 2, 2024, and October 2, 2024, respectively. With an average price target of $16.33 between Wells Fargo, Benchmark, and Needham, there's an implied 29.63% 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 Wells Fargo on October 28, 2024. The analyst firm set a price target for $13.00 expecting MGNI to rise to within 12 months (a possible 3.17% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Magnite (NASDAQ:MGNI) was provided by Wells Fargo, and Magnite initiated their equal-weight 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 October 28, 2024 so you should expect the next rating to be made available sometime around October 28, 2025.
While ratings are subjective and will change, the latest Magnite (MGNI) rating was a initiated with a price target of $0.00 to $13.00. The current price Magnite (MGNI) is trading at is $12.60, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.