Magnite initiated with an Equal Weight at Wells Fargo
The Fly

Magnite initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of Magnite (MGNI) with an Equal Weight rating and $13 price target While Wells expects Netflix (NFLX) to contribute meaningfully to 2025/2026 revenue, leaving the firm 2%-5% ahead of consensus, Wells anticipates “continued take-rate pressure on mix shift to connected TV, limiting EBITDA flow-through.”

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