Magic Software Enterprises Ltd. (MGIC)
NASDAQ: MGIC · IEX Real-Time Price · USD
11.08
-0.17 (-1.51%)
At close: Jul 19, 2024, 4:00 PM
11.28
+0.20 (1.81%)
Pre-market: Jul 22, 2024, 7:11 AM EDT
MGIC Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for MGIC stock has a target of 14, which predicts an increase of 26.35% from the current stock price of 11.08.
Analyst Consensus: Buy
* Price targets were last updated on Mar 14, 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '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 $13 → $14 | Buy | Maintains | $13 → $14 | +26.35% | Mar 14, 2024 |
| Barclays | Barclays | Buy Maintains $23 → $18 | Buy | Maintains | $23 → $18 | +62.45% | Aug 15, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Mar 9, 2021 |
| HC Wainwright & Co. | HC Wainwright & Co. | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Aug 17, 2020 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Mar 11, 2020 |
Financial Forecast
Revenue This Year
555.30M
from 535.05M
Increased by 3.78%
Revenue Next Year
573.63M
from 555.30M
Increased by 3.30%
EPS This Year
1.01
from 0.75
Increased by 34.16%
EPS Next Year
1.06
from 1.01
Increased by 5.42%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 572.2M | 591.1M | 624.4M |
| Avg | 555.3M | 573.6M | 606.6M |
| Low | 533.1M | 550.6M | 582.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.9% | 6.4% | 8.9% |
| Avg | 3.8% | 3.3% | 5.7% |
| Low | -0.4% | -0.9% | 1.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.07 | 1.14 | 1.25 |
| Avg | 1.01 | 1.06 | 1.21 |
| Low | 0.93 | 0.97 | 1.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 43.2% | 13.7% | 17.8% |
| Avg | 34.2% | 5.4% | 14.4% |
| Low | 24.1% | -3.6% | 9.9% |
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.