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Magnite ( (MGNI) ) has provided an announcement.
On September 16, 2025, Magnite filed a lawsuit against Google in the U.S. District Court for the Eastern District of Virginia. The lawsuit seeks financial damages and other remedies following a court ruling in April 2025 that found Google engaged in anticompetitive practices in the ad tech markets. Magnite claims that Google’s dominance has hindered industry growth and innovation, impacting publishers, advertisers, and independent companies like Magnite. The lawsuit highlights Google’s exclusionary tactics that favored its own services, depriving competitors of fair opportunities.
The most recent analyst rating on (MGNI) stock is a Buy with a $31.00 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 strong financial performance and positive earnings call are the most significant factors driving the score. The technical analysis supports a bullish outlook, while recent corporate events further enhance the company’s growth prospects. However, the high P/E ratio and lack of dividend yield weigh down the overall score, indicating potential valuation concerns.
To see Spark’s full report on MGNI stock, click here.
More about Magnite
Magnite (NASDAQ: MGNI) is the world’s largest independent sell-side advertising company. It provides technology that enables publishers to monetize content across various formats such as CTV, online video, display, and audio. Magnite’s platform is trusted by leading agencies and brands for accessing high-quality ad inventory and facilitating billions of advertising transactions monthly. The company operates globally with offices in major cities including New York, Los Angeles, Denver, London, Singapore, and Sydney.
Average Trading Volume: 3,096,749
Technical Sentiment Signal: Buy
Current Market Cap: $3.38B
Learn more about MGNI stock on TipRanks’ Stock Analysis page.