Magic Software Enterprises Ltd. (MGIC)
NASDAQ: MGIC · Real-Time Price · USD
11.09
+0.17 (1.56%)
Nov 21, 2024, 12:18 PM EST - Market open
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 35.26% from the current stock price of 11.09.
Analyst Consensus: Buy
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '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 | +35.26% | Nov 19, 2024 |
| Barclays | Barclays | Buy Maintains $13 → $14 | Buy | Maintains | $13 → $14 | +26.24% | Mar 14, 2024 |
| Barclays | Barclays | Buy Maintains $23 → $18 | Buy | Maintains | $23 → $18 | +62.31% | Aug 15, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $17 → $20 | Strong Buy | Maintains | $17 → $20 | +80.34% | Mar 9, 2021 |
| HC Wainwright & Co. | HC Wainwright & Co. | Hold → Strong Buy Upgrades $8.5 → $17 | Hold → Strong Buy | Upgrades | $8.5 → $17 | +53.29% | Aug 17, 2020 |
Financial Forecast
Revenue This Year
555.76M
from 535.05M
Increased by 3.87%
Revenue Next Year
574.58M
from 555.76M
Increased by 3.39%
EPS This Year
0.99
from 0.75
Increased by 31.99%
EPS Next Year
1.05
from 0.99
Increased by 5.62%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 572.2M | 592.3M | 627.3M |
| Avg | 555.8M | 574.6M | 609.4M |
| Low | 533.9M | 551.3M | 585.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.9% | 6.6% | 9.2% |
| Avg | 3.9% | 3.4% | 6.1% |
| Low | -0.2% | -0.8% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.04 | 1.11 | 1.22 |
| Avg | 0.99 | 1.05 | 1.18 |
| Low | 0.93 | 0.97 | 1.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 38.7% | 12.4% | 16.5% |
| Avg | 32.0% | 5.6% | 13.2% |
| Low | 24.1% | -2.0% | 8.7% |
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.