Key Highlights:
- Magnite (MGNI, Financial) stands as the largest independent sell-side advertising platform globally.
- Analysts predict an average price target for MGNI of $19.77, suggesting considerable potential upside.
- The GuruFocus GF Value indicates a slight downside from the current stock price.
Magnite (MGNI) currently holds a market capitalization of $1.42 billion, positioning itself as the leading independent sell-side advertising platform worldwide. With shares trading at $9.65, its forward price-to-earnings ratio stands at 10.6, prompting investors to contemplate whether now is an opportune time to invest in this digital advertising juggernaut.
Wall Street Analysts' Insights
According to the projections provided by 13 analysts, the average one-year price target for Magnite Inc (MGNI, Financial) is $19.77. This target encompasses a high of $25.00 and a low of $11.00, indicating a potential upside of 77.62% from the current price of $11.13. For further detailed estimates, visit the Magnite Inc (MGNI) Forecast page.
The consensus recommendation from 13 brokerage firms places Magnite Inc (MGNI, Financial) at an average rating of 1.9, categorizing it as "Outperform." The recommendation scale ranges from 1, denoting a Strong Buy, to 5, signifying a Sell.
Understanding the GF Value
According to GuruFocus estimates, the 12-month GF Value for Magnite Inc (MGNI, Financial) is assessed at $11.06. This estimate points toward a slight downside of 0.63% from the current share price of $11.13. The GF Value represents GuruFocus' evaluation of the fair trading price based on the stock's historical multiples, past business growth, and forecasts of future performance. For more comprehensive data, refer to the Magnite Inc (MGNI) Summary page.
