Based on the Magnite Inc stock forecast from 9 analysts, the average analyst target price for Magnite Inc is USD 18.69 over the next 12 months. Magnite Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Magnite Inc is Slightly Bearish, which is based on 5 positive signals and 7 negative signals. At the last closing, Magnite Inc’s stock price was USD 17.13. Magnite Inc’s stock price has changed by +8.08% over the past week, +36.93% over the past month and +112.27% over the last year.
No recent analyst target price found for Magnite Inc
No recent average analyst rating found for Magnite Inc
Company Overview Magnite Inc
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York. Read Less
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own...Read More
Frequently Asked Questions About Magnite Inc (MGNI) Stock
Based on ratings from 9 analysts Magnite Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 18 buy, sell and hold ratings.
Unfortunately we do not have enough data on MGNI's stock to indicate if its a good dividend stock.
Based on targets from 9 analysts, the average taret price for MGNI is USD 18.69 over the next 12 months. The maximum analyst target price is USD 21 while the minimum anlayst target price is USD 15.
MGNI stock's Price/Earning ratio is 131.77.
Our analysis grades MGNI stock's Price / Earning ratio at F. This means that MGNI stock's Price/Earning ratio is above 88% of the stocks in the Advertising Agencies sector in the NSD exchange.
Based on this MGNI may be a overvalued for its sector.
The last closing price of MGNI's stock was USD 17.13.
The most recent market capitalization for MGNI is USD 2.41B.
Based on targets from 9 analysts, the average taret price for MGNI is projected at USD 18.69 over the next 12 months.
This means that MGNI's stock price may go up by +9.13% over the next 12 months.
We can't find any ETFs which contains Magnite Inc's stock.
As per our most recent records Magnite Inc has 911 Employees.
Magnite Inc's registered address is 1250 Broadway, New York, NY, United States, 10001.
You can get more information about it from Magnite Inc's website at https://www.magnite.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Magnite Inc (MGNI) Stock
Based on ratings from 9 analysts Magnite Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 18 buy, sell and hold ratings.
Unfortunately we do not have enough data on MGNI's stock to indicate if its a good dividend stock.
Based on targets from 9 analysts, the average taret price for MGNI is USD 18.69 over the next 12 months. The maximum analyst target price is USD 21 while the minimum anlayst target price is USD 15.
MGNI stock's Price/Earning ratio is 131.77.
Our analysis grades MGNI stock's Price / Earning ratio at F. This means that MGNI stock's Price/Earning ratio is above 88% of the stocks in the Advertising Agencies sector in the NSD exchange.
Based on this MGNI may be a overvalued for its sector.
The last closing price of MGNI's stock was USD 17.13.
The most recent market capitalization for MGNI is USD 2.41B.
Based on targets from 9 analysts, the average taret price for MGNI is projected at USD 18.69 over the next 12 months.
This means that MGNI's stock price may go up by +9.13% over the next 12 months.
We can't find any ETFs which contains Magnite Inc's stock.
As per our most recent records Magnite Inc has 911 Employees.
Magnite Inc's registered address is 1250 Broadway, New York, NY, United States, 10001.
You can get more information about it from Magnite Inc's website at https://www.magnite.com.
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