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NASDAQ: MGNI
Magnite Inc Stock Forecast, Predictions & Price Target

Analyst price target for MGNI

Based on 9 analysts offering 12 month price targets for Magnite Inc.
Min Forecast
$12.00+63.27%
Avg Forecast
$14.61+98.79%
Max Forecast
$18.00+144.9%

Should I buy or sell MGNI stock?

Based on 9 analysts offering ratings for Magnite Inc.
Strong Buy
Strong Buy
5 analysts 55.56%
Buy
3 analysts 33.33%
Hold
1 analysts 11.11%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MGNI stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Benchmark
Bottom 5%
5
Strong BuyReiterates$16.00+117.69%2023-08-21
Needham
Bottom 14%
14
BuyReiterates$15.00+104.08%2023-08-18
Evercore ISI Group
Top 2%
99
BuyUpgrades$14.00+90.48%2023-08-16
Truist Securities
Top 18%
83
Strong BuyMaintains$12.00+63.27%2023-08-15
Susquehanna
Top 24%
77
Strong BuyMaintains$13.00+76.87%2023-08-10
Stephens & Co.
Bottom 5%
5
Strong BuyMaintains$14.00+90.48%2023-08-10
RBC Capital
Top 16%
85
BuyMaintains$18.00+144.90%2023-08-10
B. Riley Securities
Bottom 8%
8
Strong BuyMaintains$16.00+117.69%2023-08-10
Cannonball Research
Bottom 41%
41
HoldDowngrades$13.50+83.67%2023-06-05

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Forecast return on equity

Is MGNI forecast to generate an efficient return?
Company
9.65%
Industry
53.16%
Market
48.71%
MGNI's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MGNI forecast to generate an efficient return on assets?
Company
2.62%
Industry
12.78%
MGNI is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MGNI revenue growth forecast

How is MGNI forecast to perform vs Advertising Agencies companies and vs the US market?
Company
-7.68%
Industry
-5.86%
Market
11.89%
MGNI's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MGNI's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MGNI vs Advertising Agency Stocks

TickerPricePrice TargetUp/downsideConsensus
MGNI$7.35$14.61+98.79%Strong Buy
ADV$2.82$3.15+11.70%Hold
STGW$4.46$9.25+107.40%Buy
DLX$18.67$32.00+71.40%Buy
CCO$1.45$1.66+14.69%Hold

Magnite Stock Forecast FAQ

Is Magnite Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NASDAQ: MGNI) stock is to Strong Buy MGNI stock.

Out of 9 analysts, 5 (55.56%) are recommending MGNI as a Strong Buy, 3 (33.33%) are recommending MGNI as a Buy, 1 (11.11%) are recommending MGNI as a Hold, 0 (0%) are recommending MGNI as a Sell, and 0 (0%) are recommending MGNI as a Strong Sell.

If you're new to stock investing, here's how to buy Magnite stock.

What is MGNI's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: MGNI) forecast ROE is 9.65%, which is considered weak.

What is MGNI's Price Target?

According to 9 Wall Street analysts that have issued a 1 year MGNI price target, the average MGNI price target is $14.61, with the highest MGNI stock price forecast at $18.00 and the lowest MGNI stock price forecast at $12.00.

On average, Wall Street analysts predict that Magnite's share price could reach $14.61 by Aug 21, 2024. The average Magnite stock price prediction forecasts a potential upside of 98.79% from the current MGNI share price of $7.35.

What is MGNI's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: MGNI) forecast ROA is 2.62%, which is lower than the forecast US Advertising Agencies industry average of 12.78%.
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