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MagnaChip Semiconductor Corp has a consensus price target of $19.5 based on the ratings of 4 analysts. The high is $50 issued by RBC Capital on February 6, 2023. The low is $7 issued by Needham on August 1, 2024. The 3 most-recent analyst ratings were released by Needham, Roth MKM, and Needham on August 1, 2024, May 3, 2024, and May 3, 2024, respectively. With an average price target of $7.67 between Needham, Roth MKM, and Needham, there's an implied 84.74% upside for MagnaChip Semiconductor Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MagnaChip Semiconductor (NYSE:MX) was reported by Needham on August 1, 2024. The analyst firm set a price target for $7.00 expecting MX to rise to within 12 months (a possible 68.67% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for MagnaChip Semiconductor (NYSE:MX) was provided by Needham, and MagnaChip Semiconductor maintained their buy rating.
There is no last upgrade for MagnaChip Semiconductor
There is no last downgrade for MagnaChip Semiconductor.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MagnaChip Semiconductor, 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 MagnaChip Semiconductor was filed on August 1, 2024 so you should expect the next rating to be made available sometime around August 1, 2025.
While ratings are subjective and will change, the latest MagnaChip Semiconductor (MX) rating was a maintained with a price target of $8.00 to $7.00. The current price MagnaChip Semiconductor (MX) is trading at is $4.15, which is out of the analyst’s predicted range.
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