Magnite (MGNI)
(Real Time Quote from BATS)
$12.24 USD
+0.23 (1.92%)
Updated Oct 11, 2024 12:54 PM ET
3-Hold of 5 3
B Value A Growth B Momentum A VGM
Magnite (MGNI) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$17.45 | $21.00 | $14.00 | 45.30% |
Price Target
Based on short-term price targets offered by 10 analysts, the average price target for Magnite comes to $17.45. The forecasts range from a low of $14.00 to a high of $21.00. The average price target represents an increase of 45.3% from the last closing price of $12.01.
Analyst Price Targets (10)
Broker Rating
Magnite currently has an average brokerage recommendation (ABR) of 1.20 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 10 brokerage firms. The current ABR compares to an ABR of 1.20 a month ago based on 10 recommendations.
Of the 10 recommendations deriving the current ABR, eight are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 80% and 20% of all recommendations. A month ago, Strong Buy made up 80%, while Buy represented 20%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 8 | 8 | 8 | 8 | 7 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.20 | 1.20 | 1.20 | 1.20 | 1.22 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
9/27/2024 | Not Identified | Not Identified | Moderate Buy | Moderate Buy |
9/18/2024 | The Benchmark Company | Daniel L Kurnos | Strong Buy | Strong Buy |
8/21/2024 | Craig-Hallum | Jason Kreyer | Strong Buy | Strong Buy |
8/5/2024 | B. Riley Securities | Zach Cummins | Strong Buy | Strong Buy |
7/25/2024 | Lake Street Capital Markets | Eric Martinuzzi | Not Available | Strong Buy |
7/16/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
7/9/2024 | Needham & Company | Laura A Martin | Moderate Buy | Moderate Buy |
6/3/2024 | Evercore Partners | Mark Mahaney | Strong Buy | Strong Buy |
5/16/2024 | Susquehanna Financial Group | Shyam V Patil | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.20 |
ABR (Last week) | 1.20 |
# of Recs in ABR | 10 |
Average Target Price | $17.45 |
LT Growth Rate | 37.00% |
Industry | Internet - Software |
Industry Rank by ABR | 73 of 252 |
Current Quarter EPS Est: | 0.16 |
MGNI FAQs
Magnite, Inc. (MGNI) currently has an average brokerage recommendation (ABR) of 1.20 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 10 brokerage firms.
The average price target for Magnite, Inc. (MGNI) is $17.45. The current on short-term price targets is based on 2 reports.
The forecasts for Magnite, Inc. (MGNI) range from a low of $14 to a high of $21. The average price target represents a increase of $45.30 from the last closing price of $12.01.
The current UPSIDE for Magnite, Inc. (MGNI) is 45.30%
Based on short-term price targets offered by 10 analysts, the average price target for Magnite comes to $17.45. The forecasts range from a low of $14.00 to a high of $21.00. The average price target represents an increase of 45.3% from the last closing price of $12.01.