$11.15
-0.1-0.89%
Last update: Jul 17, 4:01 PM
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Magic Software
MGICNASDAQ
Magic Software (NASDAQ:MGIC) Stock, Analyst Ratings, Price Targets, Forecasts
Magic Software Enterprises Ltd has a consensus price target of $14 based on the ratings of 1 analysts. The high is $14 issued by Barclays on March 14, 2024. The low is $14 issued by Barclays on March 14, 2024. The 2 most-recent analyst ratings were released by Barclays on March 14, 2024 and August 15, 2023, respectively. With an average price target of $16 between Barclays, there's an implied 44.27% upside for Magic Software Enterprises Ltd from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Barclays
1calculated from analyst ratings
Analyst Ratings for Magic Software
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/14/2024 | Buy Now | 26.24% | Barclays | Tavy Rosner | $13 → $14 | Maintains | Overweight | Get Alert |
| 08/15/2023 | Buy Now | 62.31% | Barclays | Tavy Rosner | $23 → $18 | Maintains | Overweight | Get Alert |
FAQ
What is the target price for Magic Software (MGIC) stock?
The latest price target for Magic Software (NASDAQ:MGIC) was reported by Barclays on March 14, 2024. The analyst firm set a price target for $14.00 expecting MGIC to rise to within 12 months (a possible 25.56% upside). 2 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Magic Software (MGIC)?
The latest analyst rating for Magic Software (NASDAQ:MGIC) was provided by Barclays, and Magic Software maintained their overweight rating.
When was the last upgrade for Magic Software (MGIC)?
There is no last upgrade for Magic Software
When was the last downgrade for Magic Software (MGIC)?
There is no last downgrade for Magic Software.
When is the next analyst rating going to be posted or updated for Magic Software (MGIC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Magic Software, 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 Magic Software was filed on March 14, 2024 so you should expect the next rating to be made available sometime around March 14, 2025.
Is the Analyst Rating Magic Software (MGIC) correct?
While ratings are subjective and will change, the latest Magic Software (MGIC) rating was a maintained with a price target of $13.00 to $14.00. The current price Magic Software (MGIC) is trading at is $11.15, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.