Magic Software Enterprises - MGIC Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $14.00
  • Forecasted Upside: 25.34%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$11.17
▼ -0.04 (-0.36%)

This chart shows the closing price for MGIC by one month, three months, or twelve months.

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Analyst Price Target for MGIC

Analyst Price Target is $14.00
▲ +25.34% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Magic Software Enterprises in the last 3 months. The average price target is $14.00, with a high forecast of $14.00 and a low forecast of $14.00. The average price target represents a 25.34% upside from the last price of $11.17.

This chart shows the closing price for MGIC for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 1 polled investment analysts is to buy stock in Magic Software Enterprises. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

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  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/11/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/9/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/7/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/5/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/5/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/3/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/2/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/1/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/14/2024BarclaysBoost TargetOverweight ➝ Overweight$13.00 ➝ $14.00
8/15/2023BarclaysLower TargetOverweight ➝ Overweight$23.00 ➝ $18.00
3/10/2023BarclaysLower Target$28.00 ➝ $23.00
3/9/2021HC WainwrightBoost TargetBuy$17.00 ➝ $20.00
11/16/2020William BlairReiterated RatingOutperform
8/17/2020HC WainwrightUpgradeNeutral ➝ Buy$8.50 ➝ $17.00
3/11/2020HC WainwrightDowngradeBuy ➝ Neutral$11.00 ➝ $8.50
11/15/2019HC WainwrightBoost TargetBuy$10.00 ➝ $11.00
(Data available from 11/2/2019 forward)

News Sentiment Rating

1.16 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 4 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/6/2024
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/6/2024
  • 2 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/5/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/5/2024
  • 3 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
8/4/2024
  • 5 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/3/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/3/2024
  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/2/2024

Current Sentiment

  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Magic Software Enterprises logo
Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. The company's IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. The company also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, It provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.
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Today's Range

Now: $11.17
Low: $11.09
High: $11.36

50 Day Range

MA: $11.20
Low: $10.24
High: $11.91

52 Week Range

Now: $11.17
Low: $8.15
High: $12.99

Volume

23,392 shs

Average Volume

54,608 shs

Market Capitalization

$548.45 million

P/E Ratio

16.43

Dividend Yield

3.53%

Beta

1.08

Frequently Asked Questions

What sell-side analysts currently cover shares of Magic Software Enterprises?

The following sell-side analysts have issued stock ratings on Magic Software Enterprises in the last twelve months: Barclays PLC, and StockNews.com.
View the latest analyst ratings for MGIC.

What is the current price target for Magic Software Enterprises?

1 Wall Street analysts have set twelve-month price targets for Magic Software Enterprises in the last year. Their average twelve-month price target is $14.00, suggesting a possible upside of 25.3%. Barclays PLC has the highest price target set, predicting MGIC will reach $14.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $14.00 for Magic Software Enterprises in the next year.
View the latest price targets for MGIC.

What is the current consensus analyst rating for Magic Software Enterprises?

Magic Software Enterprises currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MGIC will outperform the market and that investors should add to their positions of Magic Software Enterprises.
View the latest ratings for MGIC.

What other companies compete with Magic Software Enterprises?

How do I contact Magic Software Enterprises' investor relations team?

Magic Software Enterprises' physical mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 6021805. The software maker's listed phone number is (723) 538-9292 and its investor relations email address is [email protected]. The official website for Magic Software Enterprises is www.magicsoftware.com. Learn More about contacing Magic Software Enterprises investor relations.