Magnite, Inc

MGNI stock’s reaction to the press report about NFLX’s advertising revenue target earlier this week suggests that the Street expects it to eventually become a significant revenue driver. We think that the steep ramp in…

Adjusting FY25 estimates and raising the price target to $19.50. For Q4 FY24, we expect Connected TV revenue of $76m, Desktop revenue of $30m and Mobile revenue of $79m. We expect total revenue of $186m,…

We are updating our model following Q3 report, our revised forecast is below. Our price target and rating remain unchanged. For Q4 FY24, we expect Connected TV revenue of $76m, Desktop revenue of $30m and…

We are updating our model following Q21 report, our revised forecast is below. Our price target and rating remain unchanged. For Q3 FY24, we expect Connected TV revenue of $63m, Desktop revenue of $27m and…

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…

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,…

Michael G. Barrett – President and CEO, David Day – CFO, Nick Kormeluk – SVP, IR. Please reply to this email to submit interest.

We are updating our model following Q4 report, our revised forecast is below. We are updating our price target to $13.50 and maintain Neutral rating. For Q1 FY24, we expect Connected TV revenue of $50m,…

We are updating our model ahead of Q4 report, our revised forecast is as follows: For Q4 FY23, we expect Connected TV revenue of $62m, Desktop revenue of $30m and Mobile revenue of $69m. We…

We are updating our model to reflect Q2 results and the new guidance. We are lowering our twelve month price target to $8.50 due to lower estimates and the target EV/Adjusted Ebitda multiple. For Q3…

We are downgrading MGNI to Neutral as the stock is trading in line with our price target of $13.50. We believe the shares will remain range-bound within our time horizon of twelve months for two…

We are updating our model to reflect Q4 results and the guidance for Q1. For Q1 FY23, we expect Connected TV revenue of $44m, Desktop revenue of $27m and Mobile revenue of $40m. We expect…

Cannonball Research is hosting a Virtual Non-Deal Roadshow with Magnite Inc. (MGNI) on Thursday, February 23rd Participating Management: Michael Barrett – President & CEO, David Day – CFO,  Nick Kormeluk – SVP, IR & Global…