Magic Software Enterprises Ltd. (MGIC)
NASDAQ: MGIC · Real-Time Price · USD
12.04
+0.14 (1.18%)
At close: Dec 20, 2024, 4:00 PM
12.57
+0.53 (4.40%)
After-hours: Dec 20, 2024, 4:01 PM EST
MGIC Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for MGIC stock has a target of 15, which predicts an increase of 24.58% from the current stock price of 12.04.
Analyst Consensus: Buy
* Price targets were last updated on Nov 19, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for MGIC is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $14 → $15 | Buy | Maintains | $14 → $15 | +24.58% | Nov 19, 2024 |
| Barclays | Barclays | Buy Maintains $13 → $14 | Buy | Maintains | $13 → $14 | +16.28% | Mar 14, 2024 |
| Barclays | Barclays | Buy Maintains $23 → $18 | Buy | Maintains | $23 → $18 | +49.50% | Aug 15, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $17 → $20 | Strong Buy | Maintains | $17 → $20 | +66.11% | Mar 9, 2021 |
| HC Wainwright & Co. | HC Wainwright & Co. | Hold → Strong Buy Upgrades $8.5 → $17 | Hold → Strong Buy | Upgrades | $8.5 → $17 | +41.20% | Aug 17, 2020 |
Financial Forecast
Revenue This Year
557.99M
from 535.05M
Increased by 4.29%
Revenue Next Year
576.91M
from 557.99M
Increased by 3.39%
EPS This Year
0.96
from 0.75
Increased by 28.04%
EPS Next Year
1.00
from 0.96
Increased by 4.30%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 574.6M | 594.6M | 629.3M |
| Avg | 558.0M | 576.9M | 605.2M |
| Low | 536.0M | 553.6M | 575.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.4% | 6.6% | 9.1% |
| Avg | 4.3% | 3.4% | 4.9% |
| Low | 0.2% | -0.8% | -0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.00 | 1.04 | 1.12 |
| Avg | 0.96 | 1.00 | 1.07 |
| Low | 0.91 | 0.95 | 1.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 33.0% | 8.2% | 12.2% |
| Avg | 28.0% | 4.3% | 6.9% |
| Low | 21.9% | -0.6% | 0.8% |
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.