Needham analyst Laura Martin maintained a Buy rating on Magnite on Friday, setting a price target of $70, which is approximately 97.63% above the present share price of $35.42.
Martin expects Magnite to post earnings per share (EPS) of -$0.11 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Magnite, with an average price target of $49.17.
The analysts price targets range from a high of $70 to a low of $37.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $60.72 million and a net profit of -$11.05 million. The company's market cap is $4.56 billion.
According to TipRanks.com, Needham analyst Laura Martin is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.2% and a 66.58% success rate.
The Rubicon Project (NASDAQ:MGNI), Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. It features applications and services for digital advertising sellers, including Websites, mobile applications and other digital media properties. The company was founded by Frank Addante, Duc Chau, Craig Roah, Julie Mattern and Brian D. Baumgart on April 20, 2007 and is headquartered in Los Angeles, CA.