
Magnite (MGNI) Stock Forecast & Price Target
Magnite (MGNI) Analyst Ratings
Bulls say
Magnite Inc. reported a 23% year-over-year increase in Connected TV (CTV) segment net revenues for the fourth quarter of 2024, totaling $77.9 million, which reflects strong demand driven by political advertising and key partnerships with major companies. The company's commentary indicated that take rates have stabilized, presenting opportunities for margin expansion, and they forecast significant improvements in EBITDA margins, potentially exceeding 100 basis points for the upcoming fiscal year. Additionally, the expectation of 15-20% growth in adjusted EBITDA, supported by margins around 35%, underscores a positive outlook for Magnite's financial performance moving forward.
Bears say
Magnite Inc. reported fourth-quarter revenues that were 2% below expectations and adjusted EBITDA that fell 5% short of estimates, reflecting a concerning trend in revenue growth despite a year-over-year increase. The company's disappointing digital video revenue growth of just 1% year-over-year in 4Q24, coupled with management's cautious outlook regarding macroeconomic factors, raises red flags for future performance. Additionally, revised fiscal year 2025 and 2026 estimates indicate a consistent downward adjustment in revenue and EBITDA expectations, further supporting a negative outlook for the stock.
This aggregate rating is based on analysts' research of Magnite and is not a guaranteed prediction by Public.com or investment advice.
Magnite (MGNI) Analyst Forecast & Price Prediction
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