MAGNITE, INC.
Magnite provides technology that automates the purchase and sale of digital advertising inventory. Its platform serves publishers that own or operate connected TV (CTV) channels, applications, websites and other digital media, as well as advertisers, agencies and demand-side platforms seeking to buy ad inventory. The platform connects buyers and sellers across CTV, mobile and desktop, and supports video, display and audio advertising. Products include SpringServe for managing and monetizing CTV inventory, ClearLine for buyer access to premium CTV inventory and deal curation, and Demand Manager for desktop and mobile header-bidding inventory. Magnite earns fees generally based on a percentage of advertising spend transacted through its platform. For some services and transaction types, it charges a fixed cost per thousand impressions or receives the full advertising spend for campaigns transacted through insertion orders; it may also charge fixed monthly platform or product fees. Magnite operates worldwide, with established operations in North America, Australia and Europe and developing operations in Asia and South America. It is headquartered in New York, New York.
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AppLovin reported $2.19B Q3 revenue, up 55% YoY, with net income of $1.44B, up 72%. Unity reported $622M revenue, up 32%. Magnite, Criteo, Taboola, and Teads showed mixed results. CTV growth was notable for Magnite and Teads. Profitability varied across companies.
Scotiabank kept its Sector Outperform rating on Magnite and increased its price target to $30 from $27, suggesting a 31.6% upside from the Nov 4 close of $22.79. Recent analyst price targets for Magnite range from $23 to $44.
RBC Capital kept its Outperform rating on Magnite and increased its price target to $30 from $27, suggesting a 31.6% upside from the Nov 4 close of $22.79. Recent analyst notes on Magnite have price targets ranging from $23 to $44.
Over the past 7 days, AlphAI's AI scored 20 news stories mentioning MGNI (MAGNITE, INC.). Coverage has skewed bullish: 19 bullish, 1 neutral, and 0 bearish.
Recent MGNI coverage spans financial news, earnings and market movers.
In the last 30 days, MGNI insiders filed 4 SEC Form 4 transactions — no purchases and 4 sales ($768K). The most active reporter was Buonasera David, CHIEF TECHNOLOGY OFFICER, with 2 filings. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
Modest revenue growth but strong CTV momentum may be viewed positively.
Analyst target raise suggests potential upside for the stock.
Analyst target raise suggests upside potential for Magnite.
Analyst upgrade may generate modest buying pressure.
The upgrade suggests slight upside pressure as analysts see improved valuation.
AlphAI scores every news story that mentions MGNI with an AI model for sentiment and relevance, and aggregates insider trades from MAGNITE, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
AppLovin reported $2.19B Q3 revenue, up 55% YoY, with net income of $1.44B, up 72%. Unity reported $622M revenue, up 32%. Magnite, Criteo, Taboola, and Teads showed mixed results. CTV growth was notable for Magnite and Teads. Profitability varied across companies.
Scotiabank kept its Sector Outperform rating on Magnite and increased its price target to $30 from $27, suggesting a 31.6% upside from the Nov 4 close of $22.79. Recent analyst price targets for Magnite range from $23 to $44.
RBC Capital kept its Outperform rating on Magnite and increased its price target to $30 from $27, suggesting a 31.6% upside from the Nov 4 close of $22.79. Recent analyst notes on Magnite have price targets ranging from $23 to $44.
StoneX reaffirmed its Buy rating for Magnite and increased its price target to $44 from $43, representing a 2.3% rise. The target suggests a 93.1% upside from Magnite's Nov 4 closing price of $22.79.
Wells Fargo kept its Equal-Weight rating on Magnite but increased its price target to $23 from $22, a 4.5% rise. This new target is close to Magnite's Nov 4 closing price of $22.79.
Susquehanna raised its price target for Magnite to $35 from $30, maintaining a Positive rating. This implies a 53.6% upside from the Nov 4 close of $22.79, according to the firm.
Magnite (MGNI) reported strong Q3 2026 results, with CEO Michael Barrett citing broad-based growth in CTV and DV+. The company raised its 2026 contribution ex-TAC growth outlook to ~17% and expects adjusted EBITDA margin of at least 38.5% by 2027.
Magnite reported Q3 Non-GAAP EPS of $0.33, exceeding estimates by $0.05. Revenue reached $204.2M, up 13.8% year-over-year and $13.58M above expectations. Contribution ex-TAC grew 20% to $200.6M, surpassing guidance.
MAGNITE, INC. (MGNI) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Magnite Reports Third Quarter 2026 Results Contribution ex-TAC (1) Grows 20% Year-Over-Year Contribution ex-TAC (1) from CTV Grows 39% Year-Over-Year Adjusted EBITDA (1) Grows 46% Year-Over-Year Adjusted EBITDA Margin (2) of 42% in Third Quarter NEW YORK, November 4,
Magnite (MGNI) stock rose 4% after OpenAI partnered with it and PubMatic for ad monetization on ChatGPT. Analysts expect growth, with Bank of America raising its price target to $38. The S&P 500, Nasdaq, and Dow also gained.
