Why Magnite, Inc. (MGNI) stock rose 20.8% on Thursday, November 5, 2026

Magnite, Inc. (MGNI) closed at $27.52, up 20.75% on Thursday, November 5, 2026, on volume of 9,692,142 shares (4.1× its 3-month average); market value about $3.90B.

What happened: primary sources

Events Nexqual found for MGNI on Thursday, November 5, 2026 or the trading day before (November 4, 2026):

• Nov 4, 2026: Reported Q3 2026 results: adjusted EPS $0.33 vs consensus $0.28 (beat), revenue $204.2M vs consensus $190.6M (beat). Guidance: Total Contribution ex-TAC for Q4 2026 is expected to be between $227 million and $233 million. source
• Nov 5, 2026: Scotiabank: Target raised, Sector Outperform, price target $27 → $30
• Nov 5, 2026: RBC Capital: Target raised, Outperform, price target $27 → $30
• Nov 5, 2026: StoneX: Target raised, Buy, price target $43 → $44
• Nov 5, 2026: Wells Fargo: Target raised, Equal-Weight, price target $22 → $23
• Nov 5, 2026: Susquehanna: Target raised, Positive, price target $30 → $35

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on MGNI

MGNI stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Earnings report: MGNI results, November 4, 2026. Other big moves that day: November 5, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 10, 2026 at 16:40 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 10, 2026 at 16:40 UTC. This page is informational and not investment advice.

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