Magnachip Semiconductor Corporation (MX)
NYSE: MX · IEX Real-Time Price · USD
5.04
-0.08 (-1.56%)
May 17, 2024, 4:00 PM EDT - Market closed

Magnachip Semiconductor Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for MX stock have an average target of 9.67, with a low estimate of 8.00 and a high estimate of 13. The average target predicts an increase of 91.87% from the current stock price of 5.04.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $8.00 $9.67 $8.00 $13
Change +58.73% +91.87% +58.73% +157.94%

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 223333
Buy 000000
Hold 110000
Sell 000000
Strong Sell 000000
Total 333333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Roth MKM
Roth MKM
Strong Buy
Maintains
$10$8
Strong Buy Maintains $10$8 +58.73% May 3, 2024
Needham
Needham
Strong Buy
Maintains
$10$8
Strong Buy Maintains $10$8 +58.73% May 3, 2024
Needham
Needham
Strong Buy
Maintains
$13$10
Strong Buy Maintains $13$10 +98.41% Feb 29, 2024
Roth MKM
Roth MKM
Strong Buy
Maintains
$15$10
Strong Buy Maintains $15$10 +98.41% Nov 3, 2023
Needham
Needham
Strong Buy
Reiterates
$13
Strong Buy Reiterates $13 +157.94% Aug 10, 2023
More Analyst Ratings

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
Year 2019202020212022202320242025
Revenue
520.67M507.06M474.23M337.66M230.05M243.56M286.44M
Revenue Growth
11.87%-2.61%-6.47%-28.80%-31.87%5.87%17.61%
EPS
-0.647.541.21-0.18-0.89-1.23-0.91
EPS Growth
---83.95%----
No. Analysts -----66
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 254.6M 315.0M
Avg 243.6M 286.4M
Low 227.3M 259.0M

Revenue Growth

Revenue Growth 20242025
High
10.7%
29.3%
Avg
5.9%
17.6%
Low
-1.2%
6.3%

EPS Forecast

EPS 20242025
High -1.18 -0.80
Avg -1.23 -0.91
Low -1.23 -0.98

EPS Growth

EPS Growth 20242025
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.