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Magic Software Enterprises Ltd (MGIC) Stock Forecast & Price Prediction

Live MGIC Stock Price & Analysis

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$12.79

-0.02 (-0.16%)

12 Month Price Forecast For MGIC

$12.79
Current Price
$638.47M
Market Cap
2 Ratings
Buy 2
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to MGIC Price Forecasts

+17.3%
To High Target of $15.00
+17.3%
To Median Target of $15.00
+17.3%
To Low Target of $15.00

MGIC Price Momentum

-1.2%
1 Week Change
+1.3%
1 Month Change
+13.9%
1 Year Change
+6.3%
Year-to-Date Change
-5.0%
From 52W High of $13.46
+34.5%
From 52W Low of $9.51

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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

2
Buy
0
Hold
0
Sell

MGIC Price Target Range

Low
$15.00
Average
$15.00
High
$15.00
Current: $12.79

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

Market Cap $638.47M
Enterprise Value $563.46M
P/E Ratio 18.4x
PEG Ratio 12.6x
Price/Sales 1.2x

Growth & Margins

Revenue Growth (YoY) -8.2%
Gross Margin +27.8%
Operating Margin +11.3%
Net Margin +6.8%
EPS Growth -13.0%

Financial Health

Cash/Price Ratio +20.0%
Current Ratio 1.7x
Debt/Equity 35.2x
ROE +14.4%
ROA +6.7%

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Magic Software Enterprises Ltd logo

Magic Software Enterprises Ltd (MGIC) Company Overview

About Magic Software Enterprises Ltd

What They Do

Provides software development and IT outsourcing services.

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.

Additional Information

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

Magic Software Enterprises Ltd (MGIC) Latest News & Analysis

MGIC stock latest news image
Quick Summary

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.

Why It Matters

Magic Software's Q3 2024 earnings call will provide insights into financial performance and strategic direction, crucial for assessing future growth and investment potential.

Source: Seeking Alpha
Market Sentiment: Neutral
MGIC stock latest news image
Quick Summary

Magic 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.

Why It Matters

Magic Software's financial results may indicate growth or challenges, impacting stock performance and investor sentiment in the tech consulting sector.

Source: GlobeNewsWire
Market Sentiment: Neutral
MGIC stock latest news image
Quick Summary

Magic 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.

Why It Matters

Magic Software's earnings miss signals potential weaknesses in performance, which may lead to decreased investor confidence and impact stock prices negatively.

Source: Zacks Investment Research
Market Sentiment: Negative
MGIC stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: Seeking Alpha
Market Sentiment: Positive
MGIC stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: Seeking Alpha
Market Sentiment: Neutral
MGIC stock latest news image
Quick Summary

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.

Why It Matters

Magic Software's Q2 financial results could influence its stock performance, impacting investor sentiment and potential future growth prospects in the IT consulting sector.

Source: GlobeNewsWire
Market Sentiment: Neutral

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.