Magic Software Enterprises Ltd. (MGIC)
NASDAQ: MGIC · IEX Real-Time Price · USD
11.45
-0.39 (-3.29%)
Mar 28, 2024, 4:00 PM EDT - Market closed

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 22.27% from the current stock price of 11.45.

Analyst Consensus: Buy
Target Low Average Median High
Price $14 $14 $14 $14
Change +22.27% +22.27% +22.27% +22.27%

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 000000
Buy 111111
Hold 000000
Sell 000000
Strong Sell 000000
Total 111111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Barclays
Barclays
Buy
Maintains
$13$14
Buy Maintains $13$14 +22.27% Mar 14, 2024
Barclays
Barclays
Buy
Maintains
$23$18
Buy Maintains $23$18 +57.21% 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.
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a Aug 17, 2020
HC Wainwright & Co.
HC Wainwright & Co.
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Mar 11, 2020
More Analyst Ratings

Financial Forecast

Revenue This Year
503.46M
from 535.05M
Decreased by -5.90%
Revenue Next Year
536.09M
from 503.46M
Increased by 6.48%
EPS This Year
0.96
from 0.75
Increased by 28.59%
EPS Next Year
1.08
from 0.96
Increased by 11.58%
Year 2019202020212022202320242025
Revenue
325.63M371.19M480.33M566.79M535.05M503.46M536.09M
Revenue Growth
14.51%13.99%29.40%18.00%-5.60%-5.90%6.48%
EPS
0.260.490.610.820.750.961.08
EPS Growth
-33.33%88.46%24.49%34.43%-8.54%28.59%11.58%
No. Analysts -----44
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 539.1M 588.8M
Avg 503.5M 536.1M
Low 464.3M 480.6M

Revenue Growth

Revenue Growth 20242025
High
0.8%
17.0%
Avg
-5.9%
6.5%
Low
-13.2%
-4.6%

EPS Forecast

EPS 20242025
High 1.01 1.14
Avg 0.96 1.08
Low 0.91 1.00

EPS Growth

EPS Growth 20242025
High
34.4%
18.7%
Avg
28.6%
11.6%
Low
21.7%
3.6%
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.