$8.71
0.02[0.23%]
At close: Apr 23
$8.71
0[0.00%]
PreMarket: 6:37AM EDT
Magnite
(NASDAQ:MGNI)Magnite Stock (NASDAQ:MGNI), Analyst Ratings, Price Targets, Predictions
Magnite Inc has a consensus price target of $18.07, established from looking at the 54 latest analyst ratings. The last 3 analyst ratings were released from B. Riley Securities, Benchmark, and Needham on April 19, 2024, March 25, 2024, and March 21, 2024. With an average price target of $15.83 between B. Riley Securities, Benchmark, and Needham, there's an implied 81.78% upside for Magnite Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
B. Riley Securities
Benchmark
Needham
RBC Capital
B of A Securities
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Magnite
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/19/2024 | MGNI | Buy Now | Magnite | $8.71 | 66.48% | B. Riley Securities | Daniel Day | → $14.5 | Reinstates | → Buy | Get Alert |
| 03/25/2024 | MGNI | Buy Now | Magnite | $8.71 | 106.66% | Benchmark | Daniel Kurnos | → $18 | Reiterates | Buy → Buy | Get Alert |
| 03/21/2024 | MGNI | Buy Now | Magnite | $8.71 | 72.22% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 03/07/2024 | MGNI | Buy Now | Magnite | $8.71 | 72.22% | RBC Capital | Matthew Hedberg | → $15 | Reiterates | Outperform → Outperform | Get Alert |
| 02/29/2024 | MGNI | Buy Now | Magnite | $8.71 | 106.66% | Benchmark | Daniel Kurnos | $16 → $18 | Maintains | Buy | Get Alert |
| 02/29/2024 | MGNI | Buy Now | Magnite | $8.71 | 106.66% | B. Riley Securities | Daniel Day | $15 → $18 | Maintains | Buy | Get Alert |
| 02/29/2024 | MGNI | Buy Now | Magnite | $8.71 | 72.22% | RBC Capital | Matthew Hedberg | $13 → $15 | Maintains | Outperform | Get Alert |
| 02/29/2024 | MGNI | Buy Now | Magnite | $8.71 | 49.25% | B of A Securities | Omar Dessouky | $11 → $13 | Maintains | Neutral | Get Alert |
| 02/29/2024 | MGNI | Buy Now | Magnite | $8.71 | 60.73% | Susquehanna | Shyam Patil | $11 → $14 | Maintains | Positive | Get Alert |
| 02/23/2024 | MGNI | Buy Now | Magnite | $8.71 | 72.22% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 02/07/2024 | MGNI | Buy Now | Magnite | $8.71 | 72.22% | B. Riley Securities | Daniel Day | $14 → $15 | Maintains | Buy | Get Alert |
| 01/11/2024 | MGNI | Buy Now | Magnite | $8.71 | 26.29% | B of A Securities | Omar Dessouky | → $11 | Initiates | → Neutral | Get Alert |
| 11/09/2023 | MGNI | Buy Now | Magnite | $8.71 | 49.25% | RBC Capital | Matthew Hedberg | $15 → $13 | Maintains | Outperform | Get Alert |
| 11/09/2023 | MGNI | Buy Now | Magnite | $8.71 | 26.29% | Susquehanna | Shyam Patil | $13 → $11 | Maintains | Positive | Get Alert |
| 08/21/2023 | MGNI | Buy Now | Magnite | $8.71 | 83.7% | Benchmark | Daniel Kurnos | → $16 | Reiterates | Buy → Buy | Get Alert |
| 08/18/2023 | MGNI | Buy Now | Magnite | $8.71 | 72.22% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
| 08/16/2023 | MGNI | Buy Now | Magnite | $8.71 | 60.73% | Evercore ISI Group | Mark Mahaney | $11 → $14 | Upgrade | In-Line → Outperform | Get Alert |
| 08/15/2023 | MGNI | Buy Now | Magnite | $8.71 | 37.77% | Truist Securities | Matthew Thornton | $15 → $12 | Maintains | Buy | Get Alert |
| 08/14/2023 | MGNI | Buy Now | Magnite | $8.71 | 72.22% | Needham | Laura Martin | → $15 | Reiterates | Buy → Buy | Get Alert |
FAQ
What is the target price for Magnite (MGNI)?
The latest price target for Magnite (NASDAQ: MGNI) was reported by B. Riley Securities on April 19, 2024. The analyst firm set a price target for $14.50 expecting MGNI to rise to within 12 months (a possible 66.48% upside). 29 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 B. Riley Securities, and Magnite their buy rating.
When was the last upgrade for Magnite (MGNI)?
The last upgrade for Magnite Inc happened on August 16, 2023 when Evercore ISI Group raised their price target to $14. Evercore ISI Group previously had an in-line 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 April 19, 2024 so you should expect the next rating to be made available sometime around April 19, 2025.
Is the Analyst Rating Magnite (MGNI) correct?
While ratings are subjective and will change, the latest Magnite (MGNI) rating was a with a price target of $0.00 to $14.50. The current price Magnite (MGNI) is trading at is $8.71, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.