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Home › Stocks › Magic Software Enterprises Ltd. (MGIC) Stock Forecast & Price Prediction Israel | NASDAQ | Technology | Information Technology Services
$15.02
-0.36 (-2.34%)10 Quality Stocks Worth Considering Now
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Based on our analysis of 4 Wall Street analysts, MGIC has a neutral consensus with a median price target of $16.00 (ranging from $16.00 to $16.00). The overall analyst rating is Buy (7.0/10). Currently trading at $15.02, the median forecast implies a 6.5% upside. This outlook is supported by 1 Buy, 1 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Tavy Rosner at Barclays, projecting a 6.5% upside. Conversely, the most conservative target is provided by Tavy Rosner at Barclays, suggesting a 6.5% 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.
These are the latest 20 analyst ratings and price targets for MGIC.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Mar 13, 2025 | Barclays | Tavy Rosner | Overweight | Maintains | $16.00 |
Mar 12, 2025 | William Blair | Maggie Nolan | Market Perform | Downgrade | $0.00 |
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 | H.C. Wainwright | Neutral | Downgrade | $0.00 | |
Nov 25, 2020 | William Blair | Outperform | Initiates | $0.00 | |
Nov 25, 2020 | HC Wainwright & Co. | Buy | Upgrade | $0.00 | |
Nov 25, 2020 | Barclays | Overweight | Maintains | $0.00 | |
Nov 25, 2020 | Bank of America | Underperform | Downgrade | $0.00 | |
Aug 17, 2020 | HC Wainwright & Co. | Kevin Dede | Buy | Upgrade | $17.00 |
Mar 11, 2020 | H.C. Wainwright | Neutral | Downgrade | $0.00 | |
Mar 11, 2020 | HC Wainwright & Co. | Kevin Dede | Neutral | Downgrade | $8.50 |
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 | H.C. Wainwright | Buy | Initiates | $0.00 |
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. has a market capitalization of $768.78M with a P/E ratio of 20.2x. The company generates $569.14M in trailing twelve-month revenue with a 6.6% profit margin.
Revenue growth is +12.7% quarter-over-quarter, while maintaining an operating margin of +10.7% and return on equity of +15.2%.
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Provides enterprise software solutions for automation.
Magic Software Enterprises generates revenue by offering software solutions focused on application development and business process automation. Their advanced integration platform connects various systems, allowing organizations to streamline workflows and adapt to digital transformations across multiple industries.
Headquartered in Israel, the company serves a global clientele, including small businesses and Fortune 500 companies. Their commitment to innovation and customer-centric products enhances operational efficiency and collaboration in diverse sectors such as healthcare, finance, manufacturing, and retail.
Technology
Information Technology Services
3,628
Mr. Guy Bernstein CPA
Israel
1991
Cisco (CSCO) delivered earnings and revenue surprises of 5.49% and 0.65%, respectively, for the quarter ended April 2025. Do the numbers hold clues to what lies ahead for the stock?
Magic Software Enterprises Ltd. (NASDAQ:MGIC) will hold its Q1 2025 Earnings Conference Call on May 21, 2025, at 10:00 AM ET, featuring CFO Asaf Berenstin and CEO Guy Bernstein.
The Q1 2025 earnings call for Magic Software Enterprises provides insights into financial performance and strategic direction, influencing investor sentiment and stock valuation.
Magic Software Enterprises Ltd. announced its Q1 2025 financial results as of March 31, 2025. The company specializes in IT consulting and application development solutions.
Magic Software's Q1 financial results will influence investor sentiment and stock performance, reflecting the company's growth, profitability, and market position in IT services.
Magic Software Enterprises Ltd. has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC. The report includes audited financial statements.
Magic Software's filing of its annual report reveals key financial performance and operational insights, influencing investor confidence and potential stock valuation.
Magic Software Enterprises Ltd. (NASDAQ: MGIC) will hold its Q4 2024 Earnings Conference Call on March 12, 2025, at 11:00 AM ET, featuring key company executives.
Magic Software's upcoming Q4 2024 earnings call will provide insights into financial performance and strategic direction, influencing investor sentiment and stock valuation.
Magic Software Enterprises Ltd. reported its financial results for Q4 and the full year 2024, ending December 31, 2024. Further details on performance were not provided in the excerpt.
Magic Software's financial results can impact stock performance and investor sentiment, reflecting the company's growth, profitability, and market position in IT services.
Magic Software (MGIC) reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.25, and matching earnings from the same period last year.
Magic Software's earnings miss signals potential weakness in performance, which may lead to decreased investor confidence and affect stock price negatively.
Based on our analysis of 4 Wall Street analysts, Magic Software Enterprises Ltd. (MGIC) has a median price target of $16.00. The highest price target is $16.00 and the lowest is $16.00.
According to current analyst ratings, MGIC has 1 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $15.02. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict MGIC stock could reach $16.00 in the next 12 months. This represents a 6.5% increase from the current price of $15.02. Please note that this is a projection by Wall Street analysts and not a guarantee.
Magic Software Enterprises generates revenue by offering software solutions focused on application development and business process automation. Their advanced integration platform connects various systems, allowing organizations to streamline workflows and adapt to digital transformations across multiple industries.
The highest price target for MGIC is $16.00 from Tavy Rosner at Barclays, which represents a 6.5% increase from the current price of $15.02.
The lowest price target for MGIC is $16.00 from Tavy Rosner at Barclays, which represents a 6.5% increase from the current price of $15.02.
The overall analyst consensus for MGIC is neutral. Out of 4 Wall Street analysts, 1 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $16.00.
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.
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.