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MGIC Investment Corp has a consensus price target of $21.4 based on the ratings of 10 analysts. The high is $30 issued by Roth MKM on August 2, 2024. The low is $14 issued by Barclays on January 6, 2023. The 3 most-recent analyst ratings were released by BTIG, Roth MKM, and Barclays on August 5, 2024, August 2, 2024, and August 2, 2024, respectively. With an average price target of $26 between BTIG, Roth MKM, and Barclays, there's an implied 1.56% upside for MGIC Investment Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MGIC Investment (NYSE:MTG) was reported by BTIG on August 5, 2024. The analyst firm set a price target for $25.00 expecting MTG to fall to within 12 months (a possible -2.34% downside). 11 analyst firms have reported ratings in the last year.
The latest analyst rating for MGIC Investment (NYSE:MTG) was provided by BTIG, and MGIC Investment maintained their buy rating.
The last upgrade for MGIC Investment Corp happened on June 3, 2024 when Keefe, Bruyette & Woods raised their price target to $25. Keefe, Bruyette & Woods previously had a market perform for MGIC Investment Corp.
The last downgrade for MGIC Investment Corp happened on April 4, 2024 when Keefe, Bruyette & Woods changed their price target from $23.5 to $24 for MGIC Investment Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MGIC Investment, 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 MGIC Investment was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest MGIC Investment (MTG) rating was a maintained with a price target of $22.00 to $25.00. The current price MGIC Investment (MTG) is trading at is $25.60, which is out of the analyst’s predicted range.
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