Magnite, Inc. (MGNI) Stock Analysis
Communication Services · Advertising Agencies
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... Read more
TrendMatrix rates Magnite, Inc. (MGNI) as Hold with moderate confidence. The stock trades at $12.09 with +54.9% upside to the $18.76 price target. Overall score: 6.1/10 across 10 analysis dimensions. Reward/risk ratio: 10.0:1.
Passes 3/5 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags). Fails on weak momentum and death cross (50MA < 200MA). Suitability: aggressive.
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TrendMatrix rates Magnite, Inc. (MGNI) as Hold with moderate confidence. Score 6.1/10.
Take-profit target: $18.76 (+54.9% upside). Reward/risk ratio: 10.0:1. Stop-loss: $11.45.
Negative momentum; Below 200-day MA.
Magnite, Inc. trades at a P/E of 12.8 (forward 9.9). TrendMatrix value score: 8.4/10. Verdict: Hold.
21 analysts cover MGNI with a consensus score of 4.1/5. Average price target: $22.
What does Magnite, Inc. do?Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in...
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 for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. Magnite, Inc. was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. The company was incorporated in 2007 and is headquartered in New York, New York.