Magnite, Inc. (MGNI) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$13.60
Price Target
$18.00
Target Range
$16.00 — $20.00
Analyst Rating
Buy
Forward P/E13.1x
Trailing P/E14.3x
Forward PEG—
Implied Growth+10.7%
Median Target$18.00
Analyst Spread22.2%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$16
+17.6%
Consensus
$18
+32.4%
Bull Case
$20
+47.1%
MGNI Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Magnite, Inc. (MGNI) has a Wall Street consensus price target of $18.00, based on estimates from 31 covering analysts. With the stock currently trading at $13.60, this represents a potential upside of +32.4%. The company has a market capitalization of $1.94B.
Analyst price targets range from a low of $16.00 to a high of $20.00, representing a 22% spread in expectations. The median target of $18.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 18 analysts rating the stock as a Buy or Strong Buy,9 rating it Hold, and 4 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, MGNI trades at a trailing P/E of 14.3x and forward P/E of 13.1x. Analysts expect EPS to grow +10.7% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Communication Services stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+66.9%
Avg Forward P/E19.4x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PUBMPubMatic, Inc. | $489M | $10.40 | $14.00 | +34.6% | Buy | — | 16 |
 DVDoubleVerify Holdings, Inc. | $1.9B | $11.46 | $15.10 | +31.8% | Buy | 21.7x | 33 |
 IASIntegral Ad Science Holding Corp. | $1.7B | $10.34 | $14.29 | +38.2% | Buy | 27.5x | 12 |
 CRTOCriteo S.A. | $1.2B | $20.12 | $31.25 | +55.3% | Buy | 4.6x | 33 |
 TTDThe Trade Desk, Inc. | $11.7B | $24.61 | $37.12 | +50.8% | Buy | 22.2x | 46 |
 APPAppLovin Corporation | $147.2B | $478.11 | $649.86 | +35.9% | Buy | 30.4x | 26 |
 APPSDigital Turbine, Inc. | $465M | $3.89 | $10.00 | +157.1% | Hold | 9.8x | 11 |
 KXINKaixin Auto Holdings | $5M | $4.21 | — | — | — | — | — |
 VNETVNET Group, Inc. | $2.5B | $8.48 | $23.55 | +177.7% | Buy | 32.9x | 16 |
 STGWStagwell Inc. | $1.7B | $6.64 | $8.00 | +20.5% | Buy | 6.3x | 8 |
Upside Potential Comparison
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Start ComparisonMGNI — Frequently Asked Questions
Quick answers to the most common questions about buying MGNI stock.
What is the MGNI stock price target for 2026?
The consensus Wall Street price target for MGNI is $18, representing 32.4% upside from the current price of $13.6. With 31 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is MGNI a buy, sell, or hold?
MGNI has a consensus rating of "Buy" based on 31 Wall Street analysts. The rating breakdown is predominantly bullish, with 18 Buy/Strong Buy ratings. The consensus 12-month price target of $18 implies 32.4% upside from current levels.
Is MGNI stock overvalued or undervalued?
With a forward P/E of 13.0644x, MGNI trades at a relatively low valuation. The consensus target of $18 implies 32.4% appreciation, suggesting meaningful undervaluation.
How high can MGNI stock go?
The most bullish Wall Street analyst has a price target of $20 for MGNI, while the most conservative target is $16. The consensus of $18 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover MGNI stock?
MGNI is heavily covered by Wall Street, with 31 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 18 have Buy ratings, 9 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MGNI stock forecast?
The 12-month MGNI stock forecast based on 31 Wall Street analysts shows a consensus price target of $18, with estimates ranging from $16 (bear case) to $20 (bull case). The median consensus rating is "Buy".
What is MGNI's forward P/E ratio?
MGNI trades at a forward P/E ratio of 13.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MGNI stock?
Wall Street analysts are very optimistic on MGNI, with a "Buy" consensus rating and $18 price target (32.4% upside). 18 of 31 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MGNI price targets vary so much?
MGNI analyst price targets range from $16 to $20, a 22% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $18 consensus represents the middle ground.