Magnite, Inc. (MGNI)
NASDAQCommunication ServicesAdvertising AgenciesSnapshot 2026-10-29
NASDAQCommunication ServicesAdvertising AgenciesSnapshot 2026-10-29
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Put MGNI beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Communication Services is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Management is running behind on a stated commitment.
View ThesisRevenue is growing steadily — about 8% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on market reaction to earnings.
View ManagementExpectations look high — the market is pricing in about 40% growth a year, above the roughly 12% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 1% on a typical day and fell roughly 40% in its worst 12-month stretch.
View RiskMagnite’s growth case depends on delivering its Adjusted EBITDA margin objective despite fragile cash support. Revenue grew 11% year over year in Q2 FY2026, and non-GAAP earnings beat consensus. MGNI trades at 30× P/E versus a 17× peer median. The market prices in more growth than our forecast. Management running behind a stated commitment threatens the thesis. Fragile cash support also leaves reported profits less dependable. Peer multiples imply a price about 40% below where it trades. This read is provisional.
Trailing returns as of 2026-10-29. MGNI is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 15 analysts currently covering MGNI (as of Oct 2026).
Based on 6 Wall Street analysts offering 12-month price targets for MGNI in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| MGNI Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 9 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Advertising — fair value, gap to price, and forward P/E.
Compare the value case
Put MGNI next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Increase Adjusted EBITDA margin to at least 37%
Lower interest expense supports Adjusted EBITDA margin objective.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $22.43
The last 12 months of price, then the range of analyst 12-month targets from today’s $22.43.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.

Lifted guidance supports growth objectives and market confidence.

Advances: Contribution ex-TAC attributable to DV+ $87M-$89M
Walmart deal enhances DV+ contribution potential.
Advances: Increase Adjusted EBITDA margin to at least 35.5%
Profit swing and debt reduction support EBITDA margin goal.
Advances: Increase Adjusted EBITDA margin to at least 35.5%
Return to profitability aids in achieving margin objectives.