The latest price target for Magic Software (NASDAQ:MGIC) was reported by Barclays on November 19, 2024. The analyst firm set a price target for $15.00 expecting MGIC to rise to within 12 months (a possible 25.00% upside). 2 analyst firms have reported ratings in the last year.

The latest analyst rating for Magic Software (NASDAQ:MGIC) was provided by Barclays, and Magic Software maintained their overweight rating.

There is no last upgrade for Magic Software

There is no last downgrade for Magic Software.

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 November 19, 2024 so you should expect the next rating to be made available sometime around November 19, 2025.

While ratings are subjective and will change, the latest Magic Software (MGIC) rating was a maintained with a price target of $14.00 to $15.00. The current price Magic Software (MGIC) is trading at is $12.00, which is out of the analyst’s predicted range.