Magnite (MGNI) News Today

Magnite, Inc. (NASDAQ:MGNI) shares are trading higher after a string of analyst upgrades and upbeat financial guidance. Investors are reacting to multiple price-target increases and reaffirmed “buy” ratings, bolstered by better-than-expected Q2 results and raised revenue forecasts for FY 2025 and Q3 2025.

• Positive Sentiment: Benchmark lifted its price target on MGNI shares from $30.00 to $31.00 and reiterated a “buy” rating. Magnite (NASDAQ:MGNI) Price Target Raised to $31.00
• Positive Sentiment: Needham & Company increased its MGNI price objective from $18.00 to $25.00 and maintained a “buy” rating. Magnite (NASDAQ:MGNI) Given New $25.00 Price Target at Needham & Company LLC
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating on MGNI and set a $39.00 target price. Magnite (NASDAQ:MGNI) Earns "Buy" Rating from Rosenblatt Securities
• Positive Sentiment: Susquehanna raised its price objective on MGNI from $22.00 to $28.00 and reiterated a “positive” rating. Susquehanna Forecasts Strong Price Appreciation for Magnite (NASDAQ:MGNI) Stock
• Positive Sentiment: After reporting Q2 earnings that beat expectations, analysts across the board raised their forecasts for MGNI. Magnite Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings
• Positive Sentiment: Magnite updated its FY 2025 revenue guidance to $667.6 million, topping the consensus of $657.9 million. Benzinga
• Positive Sentiment: The company also issued Q3 2025 revenue guidance of $161.0 million–$165.0 million versus the consensus $160.3 million. Benzinga