Magnite Inc

MGNI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Magnite Earnings: CTV Growth Hitting Take Rates but We Expect Recovery

Ali Mogharabi

Aug 10, 2023

We are maintaining our $15.50 fair value estimate for Magnite. While the firm is facing some headwinds in the short term, we think it is well positioned to benefit from the growing CTV and retail media programmatic ad market. After today’s 13% decline in reaction to PubMatic’s second-quarter results and another 14% drop afterhours on its own results, the stock is in 4-star territory.

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Magnite Inc

Magnite Earnings: CTV Growth Hitting Take Rates but We Expect Recovery

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