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Magna International
MGANYSE
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Magna International (NYSE:MGA) Stock, Analyst Ratings, Price Targets, Forecasts
Magna International Inc has a consensus price target of $60.45 based on the ratings of 23 analysts. The high is $78 issued by Credit Suisse on May 2, 2022. The low is $46 issued by UBS on July 10, 2024. The 3 most-recent analyst ratings were released by B of A Securities, JP Morgan, and Barclays on July 22, 2024, July 22, 2024, and July 16, 2024, respectively. With an average price target of $60 between B of A Securities, JP Morgan, and Barclays, there's an implied 37.02% upside for Magna International Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
B of A Securities
JP Morgan
Barclays
Evercore ISI Group
Citigroup
1calculated from analyst ratings
Analyst Ratings for Magna International
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/22/2024 | Buy Now | 41.58% | B of A Securities | John Murphy | $65 → $62 | Maintains | Buy | Get Alert |
| 07/22/2024 | Buy Now | 43.87% | JP Morgan | Ryan Brinkman | $69 → $63 | Maintains | Overweight | Get Alert |
| 07/16/2024 | Buy Now | 25.6% | Barclays | Dan Levy | $60 → $55 | Maintains | Equal-Weight | Get Alert |
| 07/15/2024 | Buy Now | 14.18% | Evercore ISI Group | Chris McNally | $60 → $50 | Maintains | In-Line | Get Alert |
| 07/12/2024 | Buy Now | 7.33% | Citigroup | Itay Michaeli | $52 → $47 | Maintains | Neutral | Get Alert |
| 07/10/2024 | Buy Now | 5.05% | UBS | Joseph Spak | $51 → $46 | Maintains | Neutral | Get Alert |
| 07/01/2024 | Buy Now | — | Exane BNP Paribas | James Picariello | — | Upgrade | Neutral → Outperform | Get Alert |
| 06/25/2024 | Buy Now | 5.05% | Wells Fargo | Colin Langan | $49 → $46 | Maintains | Equal-Weight | Get Alert |
| 05/10/2024 | Buy Now | 37.02% | Morgan Stanley | Adam Jonas | $65 → $60 | Maintains | Overweight | Get Alert |
| 05/06/2024 | Buy Now | 30.17% | Raymond James | Michael Glen | $60 → $57 | Maintains | Market Perform | Get Alert |
| 05/06/2024 | Buy Now | 37.02% | Barclays | Dan Levy | $62 → $60 | Maintains | Equal-Weight | Get Alert |
| 05/06/2024 | Buy Now | 9.61% | Goldman Sachs | Mark Delaney | $56 → $48 | Maintains | Neutral | Get Alert |
| 05/06/2024 | Buy Now | 11.9% | Wells Fargo | Colin Langan | $52 → $49 | Maintains | Equal-Weight | Get Alert |
| 04/22/2024 | Buy Now | 43.87% | TD Securities | Brian Morrison | $69 → $63 | Maintains | Buy | Get Alert |
| 04/22/2024 | Buy Now | 62.14% | JP Morgan | Ryan Brinkman | $69 → $71 | Maintains | Overweight | Get Alert |
| 04/11/2024 | Buy Now | 41.58% | Barclays | Dan Levy | $63 → $62 | Maintains | Equal-Weight | Get Alert |
| 02/12/2024 | Buy Now | 34.73% | Scotiabank | Jonathan Goldman | $62 → $59 | Maintains | Sector Perform | Get Alert |
| 02/12/2024 | Buy Now | 37.02% | RBC Capital | Tom Narayan | $61 → $60 | Maintains | Sector Perform | Get Alert |
| 02/12/2024 | Buy Now | 48.44% | BMO Capital | Tamy Chen | — | Maintains | Outperform | Get Alert |
| 01/25/2024 | Buy Now | 75.84% | JP Morgan | Ryan Brinkman | $80 → $77 | Maintains | Overweight | Get Alert |
| 01/24/2024 | Buy Now | 43.87% | Barclays | Dan Levy | $65 → $63 | Maintains | Equal-Weight | Get Alert |
| 01/03/2024 | Buy Now | 32.45% | Goldman Sachs | Mark Delaney | $73 → $58 | Downgrade | Buy → Neutral | Get Alert |
| 11/06/2023 | Buy Now | 32.45% | RBC Capital | Tom Narayan | $57 → $58 | Maintains | Sector Perform | Get Alert |
| 10/11/2023 | Buy Now | 32.45% | Citigroup | Itay Michaeli | $61 → $58 | Maintains | Neutral | Get Alert |
| 10/10/2023 | Buy Now | 32.45% | UBS | Joseph Spak | $63 → $58 | Maintains | Neutral | Get Alert |
| 10/03/2023 | Buy Now | 34.73% | Wells Fargo | Colin Langan | $66 → $59 | Maintains | Equal-Weight | Get Alert |
| 09/13/2023 | Buy Now | 43.87% | UBS | Joseph Spak | → $63 | Initiates | → Neutral | Get Alert |
| 09/08/2023 | Buy Now | 71.27% | CIBC | Krista Friesen | $73 → $75 | Maintains | Outperformer | Get Alert |
| 08/24/2023 | Buy Now | 39.3% | Scotiabank | Jonathan Goldman | → $61 | Initiates | → Sector Perform | Get Alert |
| 08/16/2023 | Buy Now | 39.3% | Citigroup | Itay Michaeli | $59 → $61 | Maintains | Neutral | Get Alert |
| 08/08/2023 | Buy Now | 30.17% | RBC Capital | Tom Narayan | $54 → $57 | Maintains | Sector Perform | Get Alert |
| 08/08/2023 | Buy Now | 43.87% | Barclays | Dan Levy | $60 → $63 | Maintains | Equal-Weight | Get Alert |
| 08/07/2023 | Buy Now | 43.87% | Barclays | Dan Levy | $60 → $63 | Maintains | Equal-Weight | Get Alert |
| 08/07/2023 | Buy Now | 53% | BMO Capital | Peter Sklar | $65 → $67 | Maintains | Outperform | Get Alert |
| 08/07/2023 | Buy Now | 50.72% | Wells Fargo | Colin Langan | $54 → $66 | Maintains | Equal-Weight | Get Alert |
| 07/20/2023 | Buy Now | 53% | JP Morgan | Ryan Brinkman | $63 → $67 | Maintains | Overweight | Get Alert |
| 07/18/2023 | Buy Now | 34.73% | Citigroup | Itay Michaeli | $57 → $59 | Maintains | Neutral | Get Alert |
| 07/11/2023 | Buy Now | 37.02% | Barclays | Dan Levy | $59 → $60 | Maintains | Equal-Weight | Get Alert |
| 07/06/2023 | Buy Now | 94.11% | B of A Securities | John Murphy | $65 → $85 | Upgrade | Neutral → Buy | Get Alert |
| 05/09/2023 | Buy Now | 34.73% | Barclays | Dan Levy | $58 → $59 | Maintains | Equal-Weight | Get Alert |
| 05/08/2023 | Buy Now | — | Exane BNP Paribas | James Picariello | — | Upgrade | Underperform → Neutral | Get Alert |
| 05/08/2023 | Buy Now | 23.32% | RBC Capital | Tom Narayan | $52 → $54 | Maintains | Sector Perform | Get Alert |
| 05/08/2023 | Buy Now | 23.32% | Wells Fargo | Colin Langan | $52 → $54 | Maintains | Equal-Weight | Get Alert |
| 05/05/2023 | Buy Now | 25.6% | CFRA | Garrett Nelson | $50 → $55 | Upgrade | Sell → Hold | Get Alert |
| 04/19/2023 | Buy Now | 18.75% | RBC Capital | Tom Narayan | $58 → $52 | Downgrade | Outperform → Sector Perform | Get Alert |
| 04/17/2023 | Buy Now | 32.45% | Barclays | Dan Levy | $60 → $58 | Maintains | Equal-Weight | Get Alert |
| 04/10/2023 | Buy Now | 18.75% | Wells Fargo | Colin Langan | $51 → $52 | Maintains | Equal-Weight | Get Alert |
| 02/16/2023 | Buy Now | 48.44% | Morgan Stanley | Adam Jonas | $72 → $65 | Maintains | Overweight | Get Alert |
| 02/15/2023 | Buy Now | 37.02% | Barclays | Dan Levy | → $60 | Initiates | → Equal-Weight | Get Alert |
| 02/14/2023 | Buy Now | 32.45% | RBC Capital | Tom Narayan | $65 → $58 | Maintains | Outperform | Get Alert |
| 02/13/2023 | Buy Now | 48.44% | BMO Capital | Peter Sklar | $74 → $65 | Maintains | Outperform | Get Alert |
| 02/13/2023 | Buy Now | 21.03% | Citigroup | Itay Michaeli | $66 → $53 | Maintains | Neutral | Get Alert |
| 02/13/2023 | Buy Now | 16.46% | Wells Fargo | Colin Langan | $62 → $51 | Maintains | Equal-Weight | Get Alert |
| 02/13/2023 | Buy Now | 27.88% | Raymond James | Michael Glen | $62 → $56 | Maintains | Market Perform | Get Alert |
| 02/01/2023 | Buy Now | 68.99% | BMO Capital | Peter Sklar | $65 → $74 | Upgrade | Market Perform → Outperform | Get Alert |
| 01/25/2023 | Buy Now | 57.57% | TD Securities | Brian Morrison | $76 → $69 | Downgrade | Buy → Hold | Get Alert |
| 01/17/2023 | Buy Now | 43.87% | Wells Fargo | Colin Langan | $60 → $63 | Maintains | Equal-Weight | Get Alert |
| 01/09/2023 | Buy Now | 64.42% | B of A Securities | John Murphy | $102 → $72 | Downgrade | Buy → Neutral | Get Alert |
| 12/21/2022 | Buy Now | 37.02% | Wells Fargo | Colin Langan | $62 → $60 | Maintains | Equal-Weight | Get Alert |
| 12/14/2022 | Buy Now | 41.58% | Wells Fargo | Colin Langan | → $62 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 11/23/2022 | Buy Now | 41.58% | Citigroup | Itay Michaeli | → $62 | Downgrade | Buy → Neutral | Get Alert |
| 11/08/2022 | Buy Now | 66.7% | Benchmark | Michael Ward | $77 → $73 | Maintains | Buy | Get Alert |
| 11/07/2022 | Buy Now | 64.42% | Morgan Stanley | Adam Jonas | $79 → $72 | Maintains | Overweight | Get Alert |
| 11/07/2022 | Buy Now | 48.44% | RBC Capital | Joseph Spak | $69 → $65 | Maintains | Outperform | Get Alert |
| 10/11/2022 | Buy Now | 50.72% | Goldman Sachs | Mark Delaney | $77 → $66 | Maintains | Buy | Get Alert |
| 09/28/2022 | Buy Now | 41.58% | Citigroup | Itay Michaeli | $77 → $62 | Maintains | Buy | Get Alert |
| 09/09/2022 | Buy Now | 142.06% | B of A Securities | John Murphy | $115 → $106 | Maintains | Buy | Get Alert |
| 07/14/2022 | Buy Now | 80.41% | Morgan Stanley | Adam Jonas | $84 → $79 | Maintains | Overweight | Get Alert |
| 07/11/2022 | Buy Now | 75.84% | Wells Fargo | Colin Langan | $72 → $77 | Maintains | Overweight | Get Alert |
| 06/01/2022 | Buy Now | 91.82% | Morgan Stanley | Adam Jonas | $90 → $84 | Maintains | Overweight | Get Alert |
| 06/01/2022 | Buy Now | 64.42% | Goldman Sachs | Mark Delaney | $85 → $72 | Maintains | Buy | Get Alert |
| 05/03/2022 | Buy Now | 46.15% | Barclays | Brian Johnson | $68 → $64 | Maintains | Equal-Weight | Get Alert |
| 05/02/2022 | Buy Now | 78.12% | Credit Suisse | Dan Levy | $82 → $78 | Maintains | Outperform | Get Alert |
| 05/02/2022 | Buy Now | 64.42% | Wells Fargo | Colin Langan | $80 → $72 | Maintains | Overweight | Get Alert |
| 05/02/2022 | Buy Now | 80.41% | RBC Capital | Joseph Spak | $85 → $79 | Maintains | Outperform | Get Alert |
| 05/02/2022 | Buy Now | 75.84% | Citigroup | Itay Michaeli | $81 → $77 | Maintains | Buy | Get Alert |
| 04/07/2022 | Buy Now | 55.29% | Barclays | Brian Johnson | $72 → $68 | Maintains | Equal-Weight | Get Alert |
| 04/06/2022 | Buy Now | 105.53% | Morgan Stanley | Adam Jonas | $95 → $90 | Maintains | Overweight | Get Alert |
| 04/01/2022 | Buy Now | 82.69% | Wells Fargo | Colin Langan | $85 → $80 | Maintains | Overweight | Get Alert |
| 03/22/2022 | Buy Now | 100.96% | Goldman Sachs | Mark Delaney | $99 → $88 | Maintains | Buy | Get Alert |
| 03/16/2022 | Buy Now | 55.29% | Raymond James | Michael Glen | → $68 | Upgrade | Underperform → Market Perform | Get Alert |
| 03/08/2022 | Buy Now | 43.87% | BMO Capital | Peter Sklar | $89 → $63 | Downgrade | Outperform → Market Perform | Get Alert |
| 02/14/2022 | Buy Now | 128.36% | Credit Suisse | Dan Levy | $102 → $100 | Maintains | Outperform | Get Alert |
| 12/16/2021 | Buy Now | 64.42% | Barclays | — | — | Maintains | Equal-Weight | Get Alert |
| 12/16/2021 | Buy Now | 112.38% | Wells Fargo | Colin Langan | — | Upgrade | Equal-Weight → Overweight | Get Alert |
| 11/12/2021 | Buy Now | 139.78% | Credit Suisse | Dan Levy | — | Maintains | Outperform | Get Alert |
| 11/08/2021 | Buy Now | 91.82% | Wells Fargo | Colin Langan | — | Maintains | Equal-Weight | Get Alert |
| 10/11/2021 | Buy Now | 98.68% | Barclays | Brian Johnson | — | Downgrade | Overweight → Equal-Weight | Get Alert |
| 10/05/2021 | Buy Now | 91.82% | Wells Fargo | Colin Langan | — | Maintains | Equal-Weight | Get Alert |
| 09/27/2021 | Buy Now | 132.93% | Goldman Sachs | Mark Delaney | — | Maintains | Buy | Get Alert |
| 08/11/2021 | Buy Now | 162.62% | Credit Suisse | Dan Levy | — | Maintains | Outperform | Get Alert |
| 07/26/2021 | Buy Now | 100.96% | Wells Fargo | Colin Langan | — | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Magna International (MGA) stock?
The latest price target for Magna International (NYSE:MGA) was reported by B of A Securities on July 22, 2024. The analyst firm set a price target for $62.00 expecting MGA to rise to within 12 months (a possible 41.58% upside). 35 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Magna International (MGA)?
The latest analyst rating for Magna International (NYSE:MGA) was provided by B of A Securities, and Magna International maintained their buy rating.
When was the last upgrade for Magna International (MGA)?
The last upgrade for Magna International Inc happened on July 1, 2024 when Exane BNP Paribas raised their price target to N/A. Exane BNP Paribas previously had a neutral for Magna International Inc.
When was the last downgrade for Magna International (MGA)?
The last downgrade for Magna International Inc happened on January 3, 2024 when Goldman Sachs changed their price target from $73 to $58 for Magna International Inc.
When is the next analyst rating going to be posted or updated for Magna International (MGA)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Magna International, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Magna International was filed on July 22, 2024 so you should expect the next rating to be made available sometime around July 22, 2025.
Is the Analyst Rating Magna International (MGA) correct?
While ratings are subjective and will change, the latest Magna International (MGA) rating was a maintained with a price target of $65.00 to $62.00. The current price Magna International (MGA) is trading at is $43.79, which is out of the analyst’s predicted range.
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