Magnachip Semiconductor Corporation (MX)
NYSE: MX · IEX Real-Time Price · USD
4.860
+0.010 (0.21%)
Apr 23, 2024, 12:28 PM EDT - Market open
Magnachip Semiconductor Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for MX stock have an average target of 11, with a low estimate of 10 and a high estimate of 13. The average target predicts an increase of 126.34% from the current stock price of 4.86.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 29, 2024.
Analyst Ratings
The average analyst rating for MX stock from 3 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $13 → $10 | Strong Buy | Maintains | $13 → $10 | +105.76% | Feb 29, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $15 → $10 | Strong Buy | Maintains | $15 → $10 | +105.76% | Nov 3, 2023 |
| Needham | Needham | Strong Buy Reiterates $13 | Strong Buy | Reiterates | $13 | +167.49% | Aug 10, 2023 |
| Needham | Needham | Strong Buy Reiterates $13 | Strong Buy | Reiterates | $13 | +167.49% | Jun 23, 2023 |
| Needham | Needham | Strong Buy Reiterates $13 | Strong Buy | Reiterates | $13 | +167.49% | Feb 17, 2023 |
Financial Forecast
Revenue This Year
243.56M
from 230.05M
Increased by 5.87%
Revenue Next Year
286.44M
from 243.56M
Increased by 17.61%
EPS This Year
-1.23
from -0.89
EPS Next Year
-0.91
from -1.23
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 254.6M | 315.0M |
| Avg | 243.6M | 286.4M |
| Low | 227.3M | 259.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 10.7% | 29.3% |
| Avg | 5.9% | 17.6% |
| Low | -1.2% | 6.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -1.18 | -0.80 |
| Avg | -1.23 | -0.91 |
| Low | -1.23 | -0.98 |
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.