Magnite (MGNI) – Investment Analysts’ Weekly Ratings Changes

Magnite (NASDAQ: MGNI) recently received a number of ratings updates from brokerages and research firms:

• 5/11/2026 – Magnite was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 5/8/2026 – Magnite had its price target raised by Wells Fargo & Company from $13.00 to $15.00. They now have an “equal weight” rating on the stock.
• 5/7/2026 – Magnite had its price target lowered by Royal Bank Of Canada from $23.00 to $20.00. They now have an “outperform” rating on the stock.
• 5/7/2026 – Magnite had its “outperform” rating reaffirmed by Evercore Inc. They now have a $21.00 price target on the stock.
• 5/7/2026 – Magnite had its price target raised by Scotiabank from $16.00 to $17.00. They now have a “sector outperform” rating on the stock.
• 4/16/2026 – Magnite had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $25.00 price target on the stock.

Insider Activity

In other Magnite news, insider Adam Lee Soroca sold 21,529 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $12.00, for a total value of $258,348.00. Following the completion of the transaction, the insider owned 388,425 shares of the company’s stock, valued at approximately $4,661,100. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

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Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).

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