$16.42
1.55% day before yesterday
Nasdaq, Dec 24, 10:00 pm CET
ISIN
US55955D1000
Symbol
MGNI

Magnite Target price 2024 - Analyst rating & recommendation

Magnite Classifications & Recommendation:

Buy
93%
Hold
7%

Magnite Price Target

Target Price $18.50
Price $16.42
Potential
Number of Estimates 14
14 Analysts have issued a price target Magnite 2025 . The average Magnite target price is $18.50. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 14 analysts: 13 Analysts recommend Magnite to buy, 1 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Magnite stock has an average upside potential 2025 of . Most analysts recommend the Magnite stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 619.71 615.99
7.39% 0.60%
EBITDA Margin 15.05% 32.66%
21.56% 116.98%
Net Margin -26.65% 3.14%
11.17% 111.78%

12 Analysts have issued a sales forecast Magnite 2024 . The average Magnite sales estimate is

$616m
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. This is
6.83% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$670m 1.34%
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, the lowest is
$609m 7.92%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $620m 7.39%
2024
$616m 0.60%
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2025
$679m 10.18%
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2026
$753m 10.98%
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2027
$817m 8.53%
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14 Analysts have issued an Magnite EBITDA forecast 2024. The average Magnite EBITDA estimate is

$201m
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. This is
91.35% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$203m 92.76%
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, the lowest is
$199m 89.25%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $93.3m 15.77%
2024
$201m 115.70%
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2025
$227m 12.78%
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2026
$262m 15.50%
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2027
$311m 18.58%
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EBITDA Margin

2023 15.05% 21.56%
2024
32.66% 116.98%
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2025
33.43% 2.36%
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2026
34.80% 4.10%
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2027
38.02% 9.25%
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10 Magnite Analysts have issued a net profit forecast 2024. The average Magnite net profit estimate is

$19.3m
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. This is
24.56% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$25.4m 63.66%
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, the lowest is
$5.7m 63.61%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-165m 19.39%
2024
$19.3m 111.71%
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2025
$48.3m 149.95%
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2026
$79.9m 65.37%
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2027
$110m 38.19%
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Net Margin

2023 -26.65% 11.17%
2024
3.14% 111.78%
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2025
7.12% 126.75%
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2026
10.61% 49.02%
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2027
13.51% 27.33%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -1.17 0.14
19.39% 111.97%
P/E 119.85
EV/Sales 4.13

10 Analysts have issued a Magnite forecast for earnings per share. The average Magnite <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.14
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. This is
27.27% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.18 63.64%
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, the lowest is
$0.04 63.64%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-1.17 19.39%
2024
$0.14 111.97%
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2025
$0.34 142.86%
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2026
$0.57 67.65%
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2027
$0.78 36.84%
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P/E ratio

Current 142.91 2,602.80%
2024
119.85 16.14%
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2025
47.94 60.00%
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2026
28.99 39.53%
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2027
20.98 27.63%
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Based on analysts' sales estimates for 2024, the Magnite stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.84 38.63%
2024
4.13 7.45%
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2025
3.74 9.24%
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2026
3.37 9.90%
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2027
3.11 7.86%
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P/S ratio

Current 3.49 61.25%
2024
3.75 7.33%
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2025
3.40 9.24%
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2026
3.07 9.90%
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2027
2.83 7.86%
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