Where Will Magnite Be in 5 Years?
Magnite (NASDAQ: MGNI) stock took flight in 2020 following its creation by merger of digital ad firms The Rubicon Project and Telaria, but returns have moderated this year. Shares are flat in 2021 with just a couple of months left to go in the year.
That doesn't mean Magnite can't still be a long-term winner. In fact, the company thinks it is still early on in realizing its potential in the advertising technology space and unveiled some ambitious plans during its recent investor day presentation. Over the next five years, Magnite management thinks the company can sustain an average revenue growth rate topping 25%, and generate profit margins in excess of 40%.
If it can pull it off, that could make Magnite a fantastic buy for the next half-decade stretch.
Source Fool.com
