Magnite, Inc


September 19, 2023

Updating estimates, maintaining Neutral rating

By Vasily Karasyov

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…

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June 5, 2023

In the “show me” territory now; downgrading to Neutral

By Vasily Karasyov

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…

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February 27, 2023

Updating estimates

By Vasily Karasyov

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…

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January 30, 2023

An NDR with the CEO and CFO

By Vasily Karasyov

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…

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November 10, 2022

Updating estimates following Q3 report

By Vasily Karasyov

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August 11, 2022

Need that political revenue to come through

By Vasily Karasyov

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February 23, 2022

FIRST LOOK

By Vasily Karasyov

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February 7, 2022

NDR on February 24 following the Q4 report

By Vasily Karasyov

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December 24, 2021

Model update

By Vasily Karasyov

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November 11, 2021

Adjusting Q4 estimates

By Vasily Karasyov

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August 5, 2021

FIRST LOOK

By Vasily Karasyov

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