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Magic Software Analyst Ratings

MGICNASDAQ
Logo brought to you by Benzinga Data
Consensus Rating1
Overweight
Highest Price Target1
$16.00
Lowest Price Target1
$16.00
Consensus Price Target1
$16.00

Magic Software Analyst Ratings and Price Targets | NASDAQ:MGIC | Benzinga

Magic Software Corp has a consensus price target of $567.61 based on the ratings of 38 analysts. The high is $1350 issued by HSBC on May 10, 2024<. The low is $100 issued by Deutsche Bank on August 5, 2024. The 3 most-recent analyst ratings were released by New Street Research, Goldman Sachs, and Deutsche Bank on August 6, 2024, August 5, 2024, and August 5, 2024, respectively. With an average price target of $118.33 between New Street Research, Goldman Sachs, and Deutsche Bank, there's an implied 0.21% upside for Magic Software Corp from these most-recent analyst ratings.

Analyst Trends and Forecast
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1
Mar
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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4.5
Buy
Strong Buy
Buy
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Strong Sell

Analyst Firms Making Recommendations1

Barclays

1calculated from analyst ratings

Analyst Ratings for Magic Software

Buy NowGet Alert
03/13/2025Buy NowBarclays
Tavy Rosner43%
$15 → $16MaintainsOverweightGet Alert
03/12/2025Buy NowWilliam Blair
Maggie Nolan37%
DowngradeOutperform → Market PerformGet Alert
11/19/2024Buy NowBarclays
Tavy Rosner43%
$14 → $15MaintainsOverweightGet Alert
03/14/2024Buy NowBarclays
Tavy Rosner43%
$13 → $14MaintainsOverweightGet Alert
08/15/2023Buy NowBarclays
Tavy Rosner43%
$23 → $18MaintainsOverweightGet Alert

FAQ

Q

What is the target price for Magic Software (MGIC) stock?

A

The latest price target for Magic Software (NASDAQ:MGIC) was reported by Barclays on March 13, 2025. The analyst firm set a price target for $16.00 expecting MGIC to rise to within 12 months (a possible 0.50% upside). 3 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Magic Software (MGIC)?

A

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

Q

When was the last upgrade for Magic Software (MGIC)?

A

There is no last upgrade for Magic Software

Q

When was the last downgrade for Magic Software (MGIC)?

A

The last downgrade for Magic Software Enterprises Ltd happened on March 12, 2025 when William Blair changed their price target from N/A to N/A for Magic Software Enterprises Ltd.

Q

When is the next analyst rating going to be posted or updated for Magic Software (MGIC)?

A

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 13, 2025 so you should expect the next rating to be made available sometime around March 13, 2026.

Q

Is the Analyst Rating Magic Software (MGIC) correct?

A

While ratings are subjective and will change, the latest Magic Software (MGIC) rating was a maintained with a price target of $15.00 to $16.00. The current price Magic Software (MGIC) is trading at is $15.92, which is within the analyst’s predicted range.

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