Magna International Stock (NYSE:MGA), Analyst Ratings, Price Targets, Predictions

The latest price target for Magna International (NYSE: MGA) was reported by TD Securities on April 22, 2024. The analyst firm set a price target for $63.00 expecting MGA to rise to within 12 months (a possible 29.55% upside). 31 analyst firms have reported ratings in the last year.

The latest analyst rating for Magna International (NYSE: MGA) was provided by TD Securities, and Magna International maintained their buy rating.

The last upgrade for Magna International Inc happened on July 6, 2023 when B of A Securities raised their price target to $85. B of A Securities previously had a neutral for Magna International Inc.

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.

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 April 22, 2024 so you should expect the next rating to be made available sometime around April 22, 2025.

While ratings are subjective and will change, the latest Magna International (MGA) rating was a maintained with a price target of $69.00 to $63.00. The current price Magna International (MGA) is trading at is $48.63, which is out of the analyst’s predicted range.