12 Analysts Assess Magnite: What You Need To Know
Portfolio Pulse from Benzinga Insights
Over the past three months, 12 analysts have evaluated Magnite (NASDAQ:MGNI), showing a range of outlooks from bullish to bearish. The average 12-month price target has increased by 7.2% to $16.67. Analysts have provided various ratings and price targets, with recent actions including maintaining or raising their ratings. Magnite, a major supply-side platform in online advertising, has shown positive revenue growth but faces challenges in profitability and financial performance.
July 25, 2024 | 5:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Magnite (NASDAQ:MGNI) has received diverse evaluations from 12 analysts over the past three months, with a notable increase in the average 12-month price target by 7.2% to $16.67. Analysts have maintained or raised their ratings, reflecting a generally positive outlook. However, the company faces challenges in profitability and financial performance despite positive revenue growth.
The increase in the average price target and the maintenance or raising of ratings by analysts suggest a positive short-term outlook for Magnite. However, the company's challenges in profitability and financial performance may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100