MGNI Similar Chart Price Prediction
The price of MGNI is predicted to go up 3.83%, based on the high correlation periods with NTCT. The similarity of these two price pattern on the periods is 97.23%.
MGNI
NTCT
Up: 3.83%Similarity: 97.23%
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MGNI Analyst's Forecast
Matthew Swanson
RBC Capital
Buy
2025-01-03
Price Target
$19 → $22
Upside
+28.43%
RBC Capital analyst Matthew Swanson raised the firm's price target on Magnite to $22 from $19 and keeps an Outperform rating on the shares as part of a 2025 outlook for the software sector. The firm believes 2025 is likely another good year for software as the group "could benefit from multiple catalysts." Spending trends have stabilized and improved in some cases, generative artificial intelligence has the opportunity to drive new innovations, and first half of 2025 estimates benefit from easy compare as management teams "lean into growth," the analyst tells investors in a research note. RBC's favorite ideas include Adobe (ADBE), Microsoft (MSFT), and Snowflake (SNOW) in large-cap, Gitlab (GTLB) and Guidewire Software (GWRE) in mid-cap, Clearwater Analytics (CWAN), Magnite (MGNI), and Varonis Systems (VRNS) in small-cap, and Dynatrace (DT), MongoDB (MDB), and Nexxen (NEXN) as "non-consensus ideas."
Shweta Khajuria
Wolfe Research
Buy
2025-01-03
Price Target
$14 → $19
Upside
+10.92%
Alec Brondolo
Wells Fargo
Hold
2024-10-28
Price Target
$13
Upside
+3.83%
