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Smart Investors Daily
MG

NASDAQ · MGNI

Magnite, Inc.

Communication Services · Advertising Agencies

$24.84

Down-$0.36 (-1.43%)

Updated Oct 7, 2026, 2:15 PM

SID Score

5.5/10

Composite research score

Smart Money

—

Institutional and insider signal

Market cap
2.27B
P/E ratio
52.59
Dividend yield
0.00%
52-week range
$10.82 – $26.84
Volume
1.54M
Avg. volume
2.89M

Price performance · MGNI

MGNI price history

1M range · 21 trading sessions · Daily adjusted prices

Prices through Oct 6, 2026

MGNI closed at $24.84 after 21 trading sessions, up 4.81% for the selected period.

Last close
$24.84
Period change
+4.81%
Period low
$23.40
Period high
$25.67
Daily close
View OHLC price history
MGNI OHLC price history, latest 40 sessions
DateOpenHighLowCloseVolume
Oct 6, 2026$25.11$25.20$24.62$24.841.54M
Oct 5, 2026$24.99$25.38$24.75$24.961.52M
Oct 2, 2026$25.63$25.90$24.595$24.731.54M
Oct 1, 2026$25.30$25.735$24.9401$25.441.74M
Sep 30, 2026$25.74$26.11$25.17$25.262.52M
Sep 29, 2026$24.48$26.40$24.27$25.674.14M
Sep 28, 2026$23.55$23.76$23.09$23.402.14M
Sep 25, 2026$24.06$24.51$23.85$23.971.56M
Sep 24, 2026$23.77$24.43$23.77$24.072.3M
Sep 23, 2026$24.68$24.705$23.87$24.062.12M
Sep 22, 2026$25.64$25.64$24.28$24.802.02M
Sep 21, 2026$25.15$25.55$24.9472$25.311.62M
Sep 18, 2026$26.115$26.35$25.0205$25.153.59M
Sep 17, 2026$26.625$26.84$24.63$25.636.84M
Sep 16, 2026$23.70$24.14$23.465$23.781.22M
Sep 15, 2026$23.45$23.735$23.17$23.711.47M
Sep 14, 2026$23.89$24.39$23.665$23.841.4M
Sep 11, 2026$23.80$24.1225$23.55$23.771.23M
Sep 10, 2026$23.39$23.66$23.095$23.551.63M
Sep 9, 2026$23.46$24.00$23.05$23.581.61M
Sep 8, 2026$23.91$24.09$23.455$23.702.14M

Latest MGNI news

The latest Smart Investors Daily articles mentioning MGNI.

MGNI research

Overview

Company profile and research snapshot.

Company profile

Magnite is a supply-side advertising platform that provides technology and yield management solutions to content publishers, enabling them to monetize their digital advertising inventory. Magnite receives a percentage of all advertising inventory that it sells. 43% of Magnite's revenue is derived from connected television, or CTV, streaming platforms, 40% from mobile applications, and the remainder from general websites. Beyond the typical monetization responsibilities inherent to an SSP, Magnite also provides upstream advertising servers to CTV publishers, allowing them to have granular control over direct-sold, programmatic guaranteed, and open-auction logic. Magnite competes with other independent SSPs, supply path optimization solutions, and closed ecosystems like Meta.

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Analyst outlook

Consensus and target data currently published for this company.

Consensus
—
Average target
$30.00
Implied upside
—
Analysts
—
MGNI recent ratings
DateFirmRatingTarget
Oct 2, 2026RosenblattBuy—
Sep 18, 2026B. Riley SecuritiesBuy—
Sep 9, 2026BTIGBuy—
Sep 3, 2026NeedhamBuy—
Aug 7, 2026Wells FargoEqual-Weight—
Open full forecast

News briefing

Generated Oct 7, 2026, 11:16 AM

Why Is MGNI Down Today?

Magnite shares declined 0.48% today in a relatively quiet trading session with minimal company-specific catalysts. The modest pullback appears driven by broader market dynamics rather than negative news about the programmatic advertising platform, as recent headlines focus on upcoming earnings and neutral industry comparisons.

    Bottom line: Magnite's minor 0.48% decline appears driven by sector-wide dynamics and pre-earnings caution rather than company-specific negative developments. The November 4th earnings report is the critical near-term event to watch, as it will validate whether the company can sustain growth momentum amid competitive and regulatory pressures in the AdTech space.

    Yahoo · Oct 5, 2026

    Has Buying AppLovin Stock's Dips Paid Off?

    AppLovin (APP) stock has fallen 20% from its recent high on September 14, 2026. A fall that size makes you want to act, whether by buying more or by getting out. This one is part of a longer slide: the shares have lost 61% over twelve months, while the S&P 500 gained 16.0%. So has buying the stock after earlier falls like this one paid off.

    Yahoo · Oct 5, 2026

    Magnite to Announce Third Quarter 2026 Financial Results on November 4, 2026

    NEW YORK, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, will announce its financial results for the third quarter ended September 30, 2026 after the market close on Wednesday, November 4, 2026. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number:(844) 875-6911 (for domestic callers)Direct dial number:(412) 902-6511

    Yahoo · Oct 3, 2026

    Magnite (MGNI) Stock Gets Fair Value Boost On Google AdTech Remedy Optimism

    Magnite is back in focus after the latest model update lifted its fair value estimate to US$29.67 from US$27.67. The adjustment reflects how analysts are reworking their price targets around the Google AdTech ruling, Magnite's role among independent supply side platforms, and its efforts in areas like connected TV and margins. Read on to see what is driving the evolving Magnite narrative and how you can keep track of the next round of shifts in expectations. Analyst Price Targets don't always...

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