12 Month Price Forecast For MGIC
Distance to MGIC Price Forecasts
MGIC Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 15, 2025 4:06 AM UTC
MGIC Analyst Ratings & Price Targets
Based on our analysis of 3 Wall Street analysts, MGIC has a bullish consensus with a median price target of $15.00 (ranging from $15.00 to $15.00). Currently trading at $12.79, the median forecast implies a 17.3% upside. This outlook is supported by 2 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Tavy Rosner at Barclays, projecting a 17.3% upside. Conversely, the most conservative target is provided by Tavy Rosner at Barclays, suggesting a 17.3% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
MGIC Analyst Consensus
MGIC Price Target Range
Latest MGIC Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for MGIC.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Nov 19, 2024 | Barclays | Tavy Rosner | Overweight | Maintains | $15.00 |
Mar 14, 2024 | Barclays | Tavy Rosner | Overweight | Maintains | $14.00 |
Aug 15, 2023 | Barclays | Tavy Rosner | Overweight | Maintains | $18.00 |
Mar 9, 2021 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $20.00 |
Nov 25, 2020 | Bank of America | Underperform | Downgrade | $0.00 | |
Nov 25, 2020 | Barclays | Overweight | Maintains | $0.00 | |
Nov 25, 2020 | William Blair | Outperform | Initiates | $0.00 | |
Nov 25, 2020 | H.C. Wainwright | Neutral | Downgrade | $0.00 | |
Nov 25, 2020 | HC Wainwright & Co. | Buy | Upgrade | $0.00 | |
Aug 17, 2020 | HC Wainwright & Co. | Kevin Dede | Buy | Upgrade | $17.00 |
Mar 11, 2020 | HC Wainwright & Co. | Kevin Dede | Neutral | Downgrade | $8.50 |
Mar 11, 2020 | H.C. Wainwright | Neutral | Downgrade | $0.00 | |
Jun 13, 2018 | Bank of America | Underperform | Downgrade | $0.00 | |
Jun 13, 2018 | B of A Securities | Underperform | Downgrade | $0.00 | |
Aug 11, 2016 | Barclays | Overweight | Maintains | $9.00 | |
Feb 23, 2016 | Barclays | Overweight | Maintains | $8.50 | |
Nov 12, 2015 | Barclays | Overweight | Upgrade | $0.00 | |
Jul 9, 2015 | HC Wainwright & Co. | Buy | Initiates | $0.00 | |
Jul 9, 2015 | H.C. Wainwright | Buy | Initiates | $0.00 | |
Jan 12, 2015 | Barclays | Equal-Weight | Maintains | $8.00 |
Stocks Similar to Magic Software Enterprises Ltd
The following stocks are similar to Magic Software based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Magic Software Enterprises Ltd (MGIC) Financial Data
Magic Software Enterprises Ltd has a market capitalization of $638.47M with a P/E ratio of 18.4x. The company generates $523.33M in trailing twelve-month revenue with a 6.8% profit margin.
Revenue growth is -8.2% quarter-over-quarter, while maintaining an operating margin of +11.3% and return on equity of +14.4%.
Valuation Metrics
Growth & Margins
Financial Health
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Magic Software Enterprises Ltd (MGIC) Company Overview
About Magic Software Enterprises Ltd
Provides software development and IT outsourcing services.
The company generates revenue through its Software Services and IT Professional Services segments, offering proprietary application platforms and vertical software solutions. It sells and supports these products, along with providing consulting, training, and maintenance services to its clients in various industries.
Magic Software Enterprises has a diverse portfolio of proprietary applications tailored for different sectors, including healthcare, logistics, and media. With a history dating back to 1983, the company operates on a global scale, focusing on innovation and integration within the IT industry.
Company Information
Sector
Technology
Industry
Information Technology Services
Employees
3,628
CEO
Mr. Guy Bernstein
Country
Israel
IPO Year
1991
Website
www.magicsoftware.comMagic Software Enterprises Ltd (MGIC) Latest News & Analysis
Magic Software Enterprises Ltd. (NASDAQ: MGIC) will hold its Q3 2024 earnings conference call on November 18, 2024, at 9:30 AM ET. Participants include CFO Asaf Berenstin and CEO Guy Bernstein.
Magic Software's Q3 2024 earnings call will provide insights into financial performance and strategic direction, crucial for assessing future growth and investment potential.
Magic Software Reports Third Quarter and First Nine Months Period Ended September 30, 2024 Financial Results
2 months agoMagic Software Enterprises Ltd. reported its financial results for Q3 and the first nine months of 2024, concluding on September 30, 2024. Further details on performance were not provided.
Magic Software's financial results may indicate growth or challenges, impacting stock performance and investor sentiment in the tech consulting sector.
Magic Software (MGIC) Misses Q3 Earnings Estimates
2 months agoMagic Software (MGIC) reported Q3 earnings of $0.23 per share, below the Zacks estimate of $0.24, but up from $0.21 per share year-over-year.
Magic Software's earnings miss signals potential weaknesses in performance, which may lead to decreased investor confidence and impact stock prices negatively.
Magic Software is rated a Buy ahead of Q3, with a potential 26% price CAGR over three years. Q3 earnings may act as a catalyst, but geopolitical and macroeconomic risks could impact operations.
Magic Software's strong buy rating and potential for significant price growth highlight an undervalued opportunity. However, geopolitical and macroeconomic risks could impact future performance.
Magic Software Enterprises Ltd. (NASDAQ:MGIC) will host its Q2 2024 earnings conference call on August 14, 2024, at 10:30 AM ET, featuring CFO Asaf Berenstin and CEO Guy Bernstein.
The upcoming Q2 2024 earnings call for Magic Software Enterprises may reveal key financial performance indicators and strategic insights, impacting investor sentiment and stock valuation.
Magic Software Enterprises Ltd. reported its financial results for Q2 and the first half of 2024, ending June 30. Further details on performance were not provided in the excerpt.
Magic Software's Q2 financial results could influence its stock performance, impacting investor sentiment and potential future growth prospects in the IT consulting sector.
Frequently Asked Questions About MGIC Stock
What is Magic Software Enterprises Ltd's (MGIC) stock forecast for 2025?
Based on our analysis of 3 Wall Street analysts, Magic Software Enterprises Ltd (MGIC) has a median price target of $15.00. The highest price target is $15.00 and the lowest is $15.00.
Is MGIC stock a good investment in 2025?
According to current analyst ratings, MGIC has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $12.79. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for MGIC stock?
Wall Street analysts predict MGIC stock could reach $15.00 in the next 12 months. This represents a 17.3% increase from the current price of $12.79. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Magic Software Enterprises Ltd's business model?
The company generates revenue through its Software Services and IT Professional Services segments, offering proprietary application platforms and vertical software solutions. It sells and supports these products, along with providing consulting, training, and maintenance services to its clients in various industries.
What is the highest forecasted price for MGIC Magic Software Enterprises Ltd?
The highest price target for MGIC is $15.00 from Tavy Rosner at Barclays, which represents a 17.3% increase from the current price of $12.79.
What is the lowest forecasted price for MGIC Magic Software Enterprises Ltd?
The lowest price target for MGIC is $15.00 from Tavy Rosner at Barclays, which represents a 17.3% increase from the current price of $12.79.
What is the overall MGIC consensus from analysts for Magic Software Enterprises Ltd?
The overall analyst consensus for MGIC is bullish. Out of 3 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $15.00.
How accurate are MGIC stock price projections?
Stock price projections, including those for Magic Software Enterprises Ltd, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.