Magnite (MGNI)
(Delayed Data from NSDQ)
$9.19 USD
+0.39 (4.43%)
Updated Apr 26, 2024 04:00 PM ET
After-Market: $9.18 -0.01 (-0.11%) 7:58 PM ET
3-Hold of 5 3
A Value A Growth C Momentum A VGM
Magnite (MGNI) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$14.31 | $18.00 | $11.00 | 62.61% |
Price Target
Based on short-term price targets offered by eight analysts, the average price target for Magnite comes to $14.31. The forecasts range from a low of $11.00 to a high of $18.00. The average price target represents an increase of 62.61% from the last closing price of $8.80.
Analyst Price Targets (8 )
Broker Rating
Magnite currently has an average brokerage recommendation (ABR) of 1.57 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by seven brokerage firms. The current ABR compares to an ABR of 1.67 a month ago based on six recommendations.
Of the seven recommendations deriving the current ABR, four are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 57.14% and 28.57% of all recommendations. A month ago, Strong Buy made up 50%, while Buy represented 33.33%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 4 | 3 | 3 | 5 | 5 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 1 | 1 | 1 | 1 | 1 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.57 | 1.67 | 1.67 | 1.50 | 1.50 |
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 |
---|---|---|---|---|
4/19/2024 | B. Riley Securities | Zach Cummins | Strong Buy | Strong Buy |
3/21/2024 | Needham & Company | Laura A Martin | Moderate Buy | Moderate Buy |
2/29/2024 | The Benchmark Company | Daniel L Kurnos | Strong Buy | Strong Buy |
2/29/2024 | Susquehanna Financial Group | Shyam V Patil | Strong Buy | Strong Buy |
8/16/2023 | Evercore Partners | Mark Mahaney | Not Available | 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 | 1.57 |
ABR (Last week) | 1.67 |
# of Recs in ABR | 7 |
Average Target Price | $14.31 |
LT Growth Rate | 34.00% |
Industry | Internet - Software |
Industry Rank by ABR | 65 of 252 |
Current Quarter EPS Est: | -0.02 |