Analysts Set Magnite, Inc. (NASDAQ:MGNI) Price Target at $24.56

Posted by on Jul 23rd, 2026

Magnite, Inc. (NASDAQ:MGNI – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.5556.

Several equities research analysts have recently weighed in on MGNI shares. Scotiabank upped their price target on Magnite from $16.00 to $17.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price target on shares of Magnite from $15.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. BTIG Research assumed coverage on shares of Magnite in a research report on Tuesday, June 9th. They issued a “buy” rating and a $20.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Magnite in a research note on Thursday, May 28th. Finally, Weiss Ratings raised shares of Magnite from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th.

Read Our Latest Report on Magnite

Insider Transactions at Magnite

In other news, insider Sean Patrick Buckley sold 19,233 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $19.00, for a total transaction of $365,427.00. Following the completion of the transaction, the insider directly owned 373,514 shares in the company, valued at $7,096,766. The trade was a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas S. Knopper sold 37,337 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $18.10, for a total value of $675,799.70. Following the completion of the sale, the director owned 125,810 shares in the company, valued at $2,277,161. This trade represents a 22.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 491,639 shares of company stock worth $8,676,734. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of Magnite

Several institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE grew its holdings in shares of Magnite by 75.8% during the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $35,000 after purchasing an additional 688 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Magnite by 45.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock valued at $53,000 after purchasing an additional 755 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Magnite in the fourth quarter valued at approximately $41,000. Harbor Investment Advisory LLC purchased a new stake in Magnite in the second quarter valued at approximately $62,000. Finally, Smartleaf Asset Management LLC lifted its position in Magnite by 20.5% during the second quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company’s stock valued at $82,000 after purchasing an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Magnite Price Performance

Shares of NASDAQ MGNI opened at $18.30 on Monday. The stock has a market cap of $2.62 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.97 and a beta of 2.25. Magnite has a fifty-two week low of $10.82 and a fifty-two week high of $26.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $17.01 and a 200-day moving average of $14.57.

Magnite (NASDAQ:MGNI – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The company had revenue of $164.37 million for the quarter, compared to analyst estimates of $159.24 million. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Magnite will post 0.55 earnings per share for the current year.

About Magnite

(Get Free Report)

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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Analyst Recommendations for Magnite (NASDAQ:MGNI)

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