What exactly did Evercore ISI change for Magnite on Feb 26, 2026?

Evercore ISI maintained an Outperform rating for Magnite and cut its price target to **$20** on **Feb 26, 2026**. The firm kept its positive view but trimmed upside based on near-term revenue and demand concerns.

How should investors interpret the MGNI analyst rating now?

A maintained Outperform with a lower PT signals continued confidence, paired with short-term caution. Investors should review guidance, monitor revenue drivers, and size positions accordingly.

Did the rating change move MGNI shares and what is market cap?

Yes. The update coincided with a **-10.89%** share move, equal to **$-1.43** on the day of the note. Market capitalization is **$1,936,373,274** as provided.

Where can I read the Evercore note and the Q4 transcript?

The Evercore note and price target update are summarized on StreetInsider [source](https://www.streetinsider.com/Analyst+Comments/Magnite+%28MGNI%29+PT+Lowered+to+%2420+at+Evercore+ISI/26066054.html). The Q4 2025 earnings call transcript is on Seeking Alpha [source](https://seekingalpha.com/article/

What is Meyka AI’s current view on MGNI?

Meyka AI rates MGNI with a grade of **B+**. This grade considers benchmarks, sector trends, financial growth, key metrics, and analyst consensus, and it flags the Evercore action as a mixed signal.

Analyst Ratings

Evercore ISI Maintains Outperform for Magnite (MGNI), PT Cut to $20 Feb 2026

ByDanny Kontos February 27, 2026February 27, 2026

Evercore ISI on Feb 26, 2026 maintained an Outperform rating on Magnite, Inc. (MGNI) while lowering its price target to $20. This move sets the tone for the MGNI analyst rating landscape after the company’s recent Q4 2025 report. Investors should note the maintained bullish stance, even as the firm trims upside. The change shows continued confidence in Magnite’s long term adtech position, paired with nearer-term caution. Evercore’s note also coincided with a share pullback of -10.89% or $-1.43.