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
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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '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 | +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. | 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
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%
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 539.1M | 588.8M |
Avg | 503.5M | 536.1M |
Low | 464.3M | 480.6M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | 0.8% | 17.0% |
Avg | -5.9% | 6.5% |
Low | -13.2% | -4.6% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 1.01 | 1.14 |
Avg | 0.96 | 1.08 |
Low | 0.91 | 1.00 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
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.