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.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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03/13/2025 | Buy Now | — | Barclays | Tavy Rosner43% | $15 → $16 | Maintains | Overweight | Get Alert |
03/12/2025 | Buy Now | — | William Blair | Maggie Nolan37% | — | Downgrade | Outperform → Market Perform | Get Alert |
11/19/2024 | Buy Now | — | Barclays | Tavy Rosner43% | $14 → $15 | Maintains | Overweight | Get Alert |
03/14/2024 | Buy Now | — | Barclays | Tavy Rosner43% | $13 → $14 | Maintains | Overweight | Get Alert |
08/15/2023 | Buy Now | — | Barclays | Tavy Rosner43% | $23 → $18 | Maintains | Overweight | Get Alert |
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.
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
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.
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.
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.
Browse analyst ratings and price targets on all stocks.
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