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Magnite Inc

Magnite Inc

MGNI
$23.55USD↓-0.13%-0.03 today

MARKET CAP

3.4B

P/E (TTM)

22.4x

FWD P/E

—

DAY RANGE

$23 – $24

52W RANGE

$11
$26

AI Summary

Stalk
Sell NowMedium

MGNI has printed a Bearish Pivot Point with the latest candle closing below the 9- and 20-day EMAs as they flattened and crossed under the 50-day SMA, signaling a failure of upside momentum. This suggests the intermediate uptrend is stalling and a corrective pullback toward the 50-day SMA is likely, shifting medium-term bias to bearish. Short-term rejection at the flat EMAs provides a timely sell opportunity near the 9/20 EMA resistance zone.

  • ↑Q2 revenue $193M (+11% YoY); contribution ex-TAC $190M (+17%).
  • ↑CTV ex-TAC up 36% YoY to $97M, driving segment momentum.
  • ↓Macroeconomic headwinds and inflation risk could dampen ad spending and growth.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Magnite, Inc. (NASDAQ: MGNI) operates in the digital advertising technology sector, focusing on programmatic advertising solutions, particularly within Connected TV (CTV) and digital video. As a leading player in the programmatic advertising space, Magnite is strategically positioned to capitalize on the significant shift in advertising spending towards CTV, fueled by changing viewership patterns and advancements in technology. The company continues to innovate in AI-driven solutions, setting itself apart in a competitive landscape.

Bull says

  • ↑Q2 revenue $193M (+11% YoY); contribution ex-TAC $190M (+17%).
  • ↑CTV ex-TAC up 36% YoY to $97M, driving segment momentum.
  • ↑Raised Q3 CTV growth guidance to 29–32% and FY to 13–14%.
  • ↑AI orchestration launched to optimize ad delivery and costs.
  • ↑$28M share repurchases in Q2; cash $333M supports further buybacks.
  • ↑High Growth/Earnings Yield factors and 9 buy ratings indicate strong investor sentiment.

Bear says

  • ↓Macroeconomic headwinds and inflation risk could dampen ad spending and growth.
  • ↓Rising operational costs in personnel/facilities may compress EBITDA margins.
  • ↓Negative dividend yield deters income investors; no cash dividends planned.
  • ↓Balance sheet concerns and negative QS score signal long-term vulnerability.
  • ↓High share price volatility raises investment risk during market swings.
  • ↓Intense ad-tech competition and slow agentic uptake could limit market share.

Investment themes with MGNI

Digital Advertising Infrastructure↓ -0.94%

TTD · APP · MGNI

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-09-2025bullish

Transcript signals

Bull points

  • I'm pleased to report that results for Q1 once again exceeded our top line guidance for contribution ex-TAC across all business lines, particularly
  • Our DV+ business also performed very well, delivering contribution ex-TAC growth of 9%. We've had a great start to 2024 and an exceptionally strong March and
  • remain optimistic that positive trends will continue throughout the year.
Read full transcript analysis ›