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Magnite ( (MGNI) ) has provided an announcement.
On August 31, 2025, Magnite, Inc., a Delaware corporation, entered into a First Amendment to its Sublease with Zillow Group, Inc. This amendment, effective November 1, 2025, expands the leased premises to include the entire 8th floor, in addition to the previously leased 9th floor. This expansion reflects Magnite’s growth and potential increased operational capacity.
The most recent analyst rating on (MGNI) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Magnite stock, see the MGNI Stock Forecast page.
Spark’s Take on MGNI Stock
According to Spark, TipRanks’ AI Analyst, MGNI is a Outperform.
Magnite’s overall stock score is driven by strong earnings performance and positive technical indicators, reflecting robust growth and market positioning. However, the high P/E ratio suggests overvaluation, which tempers the overall score. The company’s financial performance is solid, but improvements in cash flow management are necessary to sustain long-term growth.
To see Spark’s full report on MGNI stock, click here.
More about Magnite
Average Trading Volume: 2,990,721
Technical Sentiment Signal: Buy
Current Market Cap: $3.54B
For an in-depth examination of MGNI stock, go to TipRanks’ Overview page.