Magic Software
(NASDAQ:MGIC)
$11.75
-0.09[-0.76%]
Last update: 8:36AM Get Real Time Here
Consensus Rating1
Overweight
Highest Price Target1
$14.00
Lowest Price Target1
$14.00
Consensus Price Target1
$14.00

Magic Software Stock (NASDAQ:MGIC), Analyst Ratings, Price Targets, Predictions

Magic Software Enterprises Ltd has a consensus price target of $14, established from looking at the 2 latest analyst ratings. The last 2 analyst ratings were released from Barclays and Barclays on March 14, 2024 and August 15, 2023. With an average price target of $16 between Barclays and Barclays, there's an implied 36.17% upside for Magic Software Enterprises Ltd from these 2 analyst ratings.

Analyst Rating Summary1

Analyst Ratings
Mar
1
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Barclays

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Magic Software

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
03/14/2024MGICBuy Now
Magic Software
$11.7519.15%Barclays
Tavy Rosner
$13 → $14MaintainsOverweightGet Alert
08/15/2023MGICBuy Now
Magic Software
$11.7553.19%Barclays
Tavy Rosner
$23 → $18MaintainsOverweightGet Alert

FAQ

Q

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

A

The latest price target for Magic Software (NASDAQ: MGIC) was reported by Barclays on March 14, 2024. The analyst firm set a price target for $14.00 expecting MGIC to rise to within 12 months (a possible 19.15% upside). 2 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

There is no last downgrade for Magic Software.

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 14, 2024 so you should expect the next rating to be made available sometime around March 14, 2025.

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 $13.00 to $14.00. The current price Magic Software (MGIC) is trading at is $11.75, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.