Magna International Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Magna International stock have an average target of 64.42, with a low estimate of 55 and a high estimate of 85. The average target predicts an increase of 33.26% from the current stock price of 48.34.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$64.42	$60	$85
Change	+13.78%	+33.26%	+24.12%	+75.84%

Analyst Ratings

The average analyst rating for MGA stock from 14 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	2	2	1	1	1	1
Buy	4	4	4	5	5	4
Hold	10	10	11	10	10	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	16	16	16	16	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dan Levy Barclays	Barclays	Hold Maintains $63 → $62	Hold	Maintains	$63 → $62	+28.26%	Apr 11, 2024
Jonathan Goldman Scotiabank	Scotiabank	Hold Maintains $62 → $59	Hold	Maintains	$62 → $59	+22.05%	Feb 12, 2024
Tom Narayan RBC Capital	RBC Capital	Hold Maintains $61 → $60	Hold	Maintains	$61 → $60	+24.12%	Feb 12, 2024
Tamy Chen BMO Capital	BMO Capital	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Feb 12, 2024
Ryan Brinkman JP Morgan	JP Morgan	Buy Maintains $80 → $77	Buy	Maintains	$80 → $77	+59.29%	Jan 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

45.92B

from 42.80B

7.31%

from 42.80B

Revenue Next Year

48.01B

from 45.92B

4.54%

from 45.92B

EPS This Year

6.24

from 4.23

47.48%

from 4.23

EPS Next Year

7.71

from 6.24

23.57%

from 6.24

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027
Revenue	39.43B	32.65B	36.24B	37.84B	42.80B	45.92B	48.01B	50.20B	52.94B
Revenue Growth	-3.42%	-17.20%	11.01%	4.41%	13.10%	7.31%	4.54%	4.56%	5.45%
EPS	5.59	2.52	5.00	2.03	4.23	6.24	7.71	9.02	10.11
EPS Growth	-15.43%	-54.92%	98.41%	-59.40%	108.37%	47.48%	23.57%	16.96%	12.18%
No. Analysts	-	-	-	-	-	19	18	8	5

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

Revenue Forecast

Revenue	2024	2025	2026	2027
High	48.4B	50.5B	52.5B	54.9B
Avg	45.9B	48.0B	50.2B	52.9B
Low	43.0B	44.5B	46.7B	49.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	13.1%	9.9%	9.3%	9.5%
Avg	7.3%	4.5%	4.6%	5.5%
Low	0.5%	-3.2%	-2.8%	-1.5%

EPS Forecast

EPS	2024	2025	2026	2027
High	6.69	8.51	9.96	10.61
Avg	6.24	7.71	9.02	10.11
Low	5.49	6.47	7.74	9.35

EPS Growth

EPS Growth	2024	2025	2026	2027
High	58.1%	36.3%	29.3%	17.6%
Avg	47.5%	23.6%	17.0%	12.2%
Low	29.7%	3.7%	0.4%	3.7%

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.