- Investing.com
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company’s platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
CTV Dominance | Magnite's strong position in Connected TV advertising drives growth, with successful partnerships and live sports events boosting performance |
Netflix Game-Change | Explore the potential impact of Magnite's partnership with Netflix, projected to generate significant revenue and solidify market position |
Market Dynamics | Delve into Magnite's competitive landscape, examining its strategic advantages and the recovering advertising market's influence on growth |
Financial Outlook | Analyst price targets range from $13 to $19, reflecting optimism about Magnite's future prospects and raised guidance for 2024 |
Metrics to compare | MGNI | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipMGNIPeersSector | |
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P/E Ratio | 137.9x | −1.3x | 4.8x | |
PEG Ratio | 1.28 | 0.00 | 0.01 | |
Price/Book | 3.3x | 1.2x | 1.8x | |
Price / LTM Sales | 3.6x | 0.3x | 1.4x | |
Upside (Analyst Target) | 4.2% | 8.2% | 24.4% | |
Fair Value Upside | Unlock | 14.8% | 13.5% | Unlock |