Magnachip Semiconductor Corporation (MX)
NYSE: MX · Real-Time Price · USD
3.870
+0.100 (2.65%)
Dec 20, 2024, 4:00 PM EST - Market closed
Magnachip Semiconductor Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for MX stock have an average target of 7.50, with a low estimate of 7.00 and a high estimate of 8.00. The average target predicts an increase of 93.80% from the current stock price of 3.87.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 1, 2024.
Analyst Ratings
The average analyst rating for MX stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $8 → $7 | Strong Buy | Maintains | $8 → $7 | +80.88% | Aug 1, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $10 → $8 | Strong Buy | Maintains | $10 → $8 | +106.72% | May 3, 2024 |
| Needham | Needham | Strong Buy Maintains $10 → $8 | Strong Buy | Maintains | $10 → $8 | +106.72% | May 3, 2024 |
| Needham | Needham | Strong Buy Maintains $13 → $10 | Strong Buy | Maintains | $13 → $10 | +158.40% | Feb 29, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $15 → $10 | Strong Buy | Maintains | $15 → $10 | +158.40% | Nov 3, 2023 |
Financial Forecast
Revenue This Year
237.17M
from 230.05M
Increased by 3.09%
Revenue Next Year
261.04M
from 237.17M
Increased by 10.06%
EPS This Year
-1.06
from -0.89
EPS Next Year
-1.12
from -1.06
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 241.9M | 273.3M |
| Avg | 237.2M | 261.0M |
| Low | 225.6M | 240.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 5.2% | 15.2% |
| Avg | 3.1% | 10.1% |
| Low | -1.9% | 1.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -1.02 | -0.86 |
| Avg | -1.06 | -1.12 |
| Low | -1.04 | -1.23 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
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.