Magnite Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings

Benzinga Earnings

08/06

Magnite Inc (NASDAQ:MGNI) on Wednesday reported better-than-expected second-quarter financial results.

Magnite posted adjusted earnings of 26 cents per share, beating market estimates of 25 cents per share. The company’s sales came in at $192.823 million versus estimates of $179.209 million.

Magnite said it sees third-quarter sales of $188.000 million-$192.000 million, versus market estimates of $185.357 million.

“We significantly beat consensus expectations on both the top and bottom line in the second quarter, driven by outperformance in CTV—which grew 36% year-over-year—and a return to growth in DV+. Our CTV momentum continues to be broad-based across leading publisher partners and anchored by the strategic differentiation of SpringServe,” said Michael G. Barrett, CEO of Magnite.

Magnite shares surged 11.2% to $22.99 in pre-market trading.

These analysts made changes to their price targets on Magnite following earnings announcement.

BTIG analyst Tyler DiMatteo maintained the stock with a Buy and raised the price target from $20 to $27.
Rosenblatt analyst Barton Crockett maintained the stock with a Buy and raised the price target from $39 to $40.

Considering buying MGNI stock? Here’s what analysts think:

Photo via Shutterstock

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Barrett, CEO of Magnite.</p>\n<p>Magnite shares surged 11.2% to $22.99 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Magnite following earnings announcement.</p>\n<ul>\n<li>BTIG analyst Tyler DiMatteo maintained the stock with a Buy and raised the price target from $20 to $27.</li>\n<li>Rosenblatt analyst Barton Crockett maintained the stock with a Buy and raised the price target from $39 to $40.</li>\n</ul>\n<p><strong>Considering buying MGNI stock? 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The company’s sales came in at $192.823 million versus estimates of $179.209 million.</p>\n<p>Magnite said it sees third-quarter sales of $188.000 million-$192.000 million, versus market estimates of $185.357 million.</p>\n<p>“We significantly beat consensus expectations on both the top and bottom line in the second quarter, driven by outperformance in CTV—which grew 36% year-over-year—and a return to growth in DV+. Our CTV momentum continues to be broad-based across leading publisher partners and anchored by the strategic differentiation of SpringServe,” said Michael G. Barrett, CEO of Magnite.</p>\n<p>Magnite shares surged 11.2% to $22.99 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Magnite following earnings announcement.</p>\n<ul>\n<li>BTIG analyst Tyler DiMatteo maintained the stock with a Buy and raised the price target from $20 to $27.</li>\n<li>Rosenblatt analyst Barton Crockett maintained the stock with a Buy and raised the price target from $39 to $40.</li>\n</ul>\n<p><strong>Considering buying MGNI stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"295\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06074502/image-164-1024x295.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06074502/image-164-1024x295.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06074502/image-164-300x87.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06074502/image-164-768x221.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06074502/image-164.png 1186w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4009","symbol_name":"广告","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/08/60990248/magnite-analysts-boost-their-forecasts-following-better-than-expected-q2-earnings","article_id":"2657635252","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657635252","pubTimestamp":1786016768,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Magnite Inc (MGNI) reported strong Q2 results, with adjusted EPS of 26 cents and sales of $192.823 million. Analysts raise price targets, stock surges 11.2%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4009":"广告","MGNI":"Magnite, Inc."},"translate_title":"Magnite 分析师在第二季度盈利好于预期后上调了预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGNI":1},"content_text":"Magnite Inc (NASDAQ:MGNI) on Wednesday reported better-than-expected second-quarter financial results.\nMagnite posted adjusted earnings of 26 cents per share, beating market estimates of 25 cents per share. The company’s sales came in at $192.823 million versus estimates of $179.209 million.\nMagnite said it sees third-quarter sales of $188.000 million-$192.000 million, versus market estimates of $185.357 million.\n“We significantly beat consensus expectations on both the top and bottom line in the second quarter, driven by outperformance in CTV—which grew 36% year-over-year—and a return to growth in DV+. Our CTV momentum continues to be broad-based across leading publisher partners and anchored by the strategic differentiation of SpringServe,” said Michael G. Barrett, CEO of Magnite.\nMagnite shares surged 11.2% to $22.99 in pre-market trading.\nThese analysts made changes to their price targets on Magnite following earnings announcement.\n\nBTIG analyst Tyler DiMatteo maintained the stock with a Buy and raised the price target from $20 to $27.\nRosenblatt analyst Barton Crockett maintained the stock with a Buy and raised the price target from $39 to $40.\n\nConsidering buying MGNI stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}