Professional
Added to YB: 2024-11-15
Pitch date: 2024-10-31
MGNI [bullish]
Magnite, Inc.
-3.17%
current return
Author Info
No bio for this author
Company Info
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally.
Market Cap
$1.7B
Pitch Price
$12.61
Price Target
125.00 (+924%)
Dividend
N/A
EV/EBITDA
12.01
P/E
30.49
EV/Sales
2.57
Sector
Media
Category
growth
Crossroads Capital Portfolio Holding: Magnite, Inc.
MGNI: Largest independent SSP, key CTV ad enabler. Netflix win proves differentiation. 75%+ incremental EBITDA margins. Trades at <10x 2024E EBITDA. Netflix could add $70M+ EBITDA (30%+ growth) in 2024. Google ad tech divestment potential catalyst. 5-10x equity upside, 50-100x LEAP upside if Google breakup occurs.
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