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June 2, 2024

Upgrading to Buy; the sentiment bottomed, room for upside to estimates

By Vasily Karasyov

We are upgrading MGNI shares to Buy from Neutral and raising our 12 month price target to $17. We believe that the negative sentiment that weighed on the stock prior to the announcement of the…

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May 23, 2024

Updating estimates

By Vasily Karasyov

We are updating our model following Q4 FY24 report. Q1 FY25: We expect subscription revenue of $172m, marketplace & other revenue of $38m and total company revenue of $172m. We are modeling adjusted gross profit of…

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May 22, 2024

FIRST LOOK

By Vasily Karasyov

Q4 results and Q1 FY25 guidance ahead of expectations, guidance for the full FY25 in line with our model but ahead of the consensus. Looks like the company expects a deceleration in Y/Y revenue growth…

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May 22, 2024

Updating estimates

By Vasily Karasyov

We are updating our model following Q1 report, our revised forecast is below. We are updating our price target to $12.50 and maintain Neutral rating. For Q2 FY24, we expect Connected TV revenue of $60m,…

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