Magnite (NASDAQ:MGNI) Price Target Raised to $22.00 at Wells Fargo & Company

Posted by Brian Himes on Aug 8th, 2026

Magnite (NASDAQ:MGNI – Free Report) had its price objective upped by Wells Fargo & Company from $21.00 to $22.00 in a report issued on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Rosenblatt Securities boosted their price objective on shares of Magnite from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday. Susquehanna increased their price objective on Magnite from $22.00 to $30.00 and gave the company a “positive” rating in a report on Thursday. Benchmark raised their target price on Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, B. Riley Financial lifted their target price on Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Magnite presently has an average rating of “Moderate Buy” and an average target price of $28.30.

Get Our Latest Stock Analysis on Magnite

Magnite Stock Up 1.6%

Shares of MGNI opened at $24.72 on Friday. The firm has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $14.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Magnite has a one year low of $10.82 and a one year high of $26.65. The company has a market cap of $3.54 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.24 and a beta of 2.26.

Magnite (NASDAQ:MGNI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $192.82 million for the quarter, compared to the consensus estimate of $179.15 million. Magnite had a net margin of 22.49% and a return on equity of 9.33%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $0.20 EPS. Research analysts forecast that Magnite will post 0.55 EPS for the current fiscal year.

Insider Activity

In other news, insider Katie Seitz Evans sold 20,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $24.00, for a total value of $480,000.00. Following the sale, the insider directly owned 496,840 shares of the company’s stock, valued at approximately $11,924,160. This represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael G. Barrett sold 293,968 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $22.72, for a total transaction of $6,678,952.96. Following the sale, the chief executive officer owned 403,074 shares of the company’s stock, valued at approximately $9,157,841.28. This trade represents a 42.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 917,772 shares of company stock worth $18,508,643 over the last quarter. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MGNI. Stephens Investment Management Group LLC grew its stake in Magnite by 17.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,128,578 shares of the company’s stock worth $18,317,000 after purchasing an additional 164,035 shares during the period. Royce & Associates LP lifted its stake in Magnite by 19.5% in the fourth quarter. Royce & Associates LP now owns 1,166,469 shares of the company’s stock valued at $18,932,000 after buying an additional 190,318 shares during the period. Meros Investment Management LP boosted its holdings in shares of Magnite by 34.5% during the 4th quarter. Meros Investment Management LP now owns 825,595 shares of the company’s stock worth $13,399,000 after buying an additional 211,767 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Magnite by 85.0% during the 4th quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock worth $209,696,000 after buying an additional 5,937,428 shares in the last quarter. Finally, CenterBook Partners LP grew its position in shares of Magnite by 137.1% during the 4th quarter. CenterBook Partners LP now owns 172,546 shares of the company’s stock worth $2,800,000 after buying an additional 99,760 shares during the period. 73.40% of the stock is owned by institutional investors.

More Magnite News

Here are the key news stories impacting Magnite this week:

Positive Sentiment: Better-than-expected Q2 results: Magnite reported adjusted earnings of $0.26 per share, exceeding the $0.24 consensus estimate, while revenue rose 11.3% year over year to $192.82 million, well above the $179.15 million forecast. Magnite earnings report
Positive Sentiment: Higher outlook: The company raised its full-year 2026 forecast to 13%-14% contribution ex-TAC growth and at least a 37% adjusted EBITDA margin. Magnite also guided third-quarter revenue to $188 million-$192 million, above the $185.2 million analyst consensus. Magnite raises 2026 outlook
Positive Sentiment: Analyst optimism and CTV focus: Following the earnings beat, Rosenblatt raised its price target to $40 and maintained a buy rating, while Susquehanna lifted its target to $30 with a positive rating and B. Riley raised its target to $27 with a buy rating. Coverage also highlighted connected TV growth as an important catalyst. Magnite analyst forecast increases
Neutral Sentiment: Ad-tech peer read-through: Magnite held firm while Trade Desk fell sharply after its earnings report, suggesting investors are distinguishing between stronger and weaker companies in the digital advertising sector. Ad-tech stock comparison
Negative Sentiment: Valuation caution: Wells Fargo raised its price target modestly to $22 but retained an equal-weight rating. The target remains below Magnite’s current trading level, signaling limited near-term upside in that analyst’s view. Wells Fargo Magnite price target

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).