MGIC Investment Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for MGIC Investment stock have an average target of 25.5, with a low estimate of 22 and a high estimate of 30. The average target predicts a decrease of -1.62% from the current stock price of 25.92.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$22	$25.5	$25	$30
Change	-15.12%	-1.62%	-3.55%	+15.74%

Analyst Ratings

The average analyst rating for MTG stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	2	2	2	2
Buy	1	1	1	1	1	1
Hold	4	4	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Heleniak RBC Capital	RBC Capital	Hold Maintains $28 → $27	Hold	Maintains	$28 → $27	+4.17%	Nov 6, 2024
Terry Ma Barclays	Barclays	Hold Maintains $23 → $24	Hold	Maintains	$23 → $24	-7.41%	Oct 8, 2024
Ryan Gilbert BTIG	BTIG	Strong Buy Maintains $22 → $25	Strong Buy	Maintains	$22 → $25	-3.55%	Aug 5, 2024
Harry Fong Roth MKM	Roth MKM	Strong Buy Maintains $24 → $30	Strong Buy	Maintains	$24 → $30	+15.74%	Aug 2, 2024
Terry Ma Barclays	Barclays	Hold Maintains $21 → $23	Hold	Maintains	$21 → $23	-11.27%	Aug 2, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.23B

Revenue Next Year

1.26B

from 1.23B

3.10%

from 1.23B

EPS This Year

2.87

from 2.49

15.54%

from 2.49

EPS Next Year

2.81

from 2.87

-2.26%

from 2.87

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	1.23B	1.26B	1.30B
Revenue Growth	8.02%	-1.22%	-1.12%	-1.09%	-1.51%	-	3.10%	2.53%
EPS	1.85	1.29	1.85	2.79	2.49	2.87	2.81	2.93
EPS Growth	3.80%	-30.36%	43.40%	50.99%	-10.91%	15.54%	-2.26%	4.50%
Forward PE	-	-	-	-	-	9.02	9.23	8.83
No. Analysts	-	-	-	-	-	9	9	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	1.3B	1.3B	1.4B
Avg	1.2B	1.3B	1.3B
Low	1.2B	1.2B	1.2B

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	8.0%	7.7%
Avg	-	3.1%	2.5%
Low	-	-0.7%	-1.7%

EPS Forecast

EPS	2024	2025	2026
High	3.02	3.01	3.23
Avg	2.87	2.81	2.93
Low	2.74	2.65	2.71

EPS Growth

EPS Growth	2024	2025	2026
High	21.6%	4.9%	15.2%
Avg	15.5%	-2.3%	4.5%
Low	10.4%	-7.9%	-3.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.