Magic Software Enterprises Ltd
NASDAQ:MGIC

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Magic Software Enterprises Ltd
NASDAQ:MGIC
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Price: 12.04 USD 1.18% Market Closed
Market Cap: 591.2m USD
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Wall Street
Price Targets

MGIC Price Targets Summary
Magic Software Enterprises Ltd

Wall Street analysts forecast MGIC stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MGIC is 15.3 USD with a low forecast of 15.15 USD and a high forecast of 15.75 USD.

Lowest
Price Target
15.15 USD
26% Upside
Average
Price Target
15.3 USD
27% Upside
Highest
Price Target
15.75 USD
31% Upside

MGIC Last Price Targets
Magic Software Enterprises Ltd

The latest public price target was made on May 17, 2024 by Tavy Rosner from Barclays , who expects MGIC stock to rise by 16% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Tavy Rosner
Barclays
14 USD
Upside 16%
7 months ago
May 17, 2024
Barclays Reiterates Overweight Rating on Magic Software (MGIC)
StreetInsider
Scott Heleniak
RBC Capital
22 USD
Upside 83%
7 months ago
May 3, 2024
Magic Software (MGIC) PT Raised to $22 at RBC Capital
StreetInsider
Tavy Rosner
Barclays
Price Target 14 USD
Upside/Downside 16%
View Source
Scott Heleniak
RBC Capital
Price Target 22 USD
Upside/Downside 83%
View Source
Magic Software Enterprises Ltd Competitors:
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PERF
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GWRE
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AGIL
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MTTR
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18% Upside

Revenue
Forecast

Revenue Estimate
Magic Software Enterprises Ltd

For the last 8 years the compound annual growth rate for Magic Software Enterprises Ltd's revenue is 15%. The projected CAGR for the next 3 years is 4%.

15%
Past Growth
4%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Magic Software Enterprises Ltd

For the last 8 years the compound annual growth rate for Magic Software Enterprises Ltd's operating income is 13%. The projected CAGR for the next 3 years is 10%.

13%
Past Growth
10%
Estimated Growth
Estimates Accuracy
-22%
Average Miss

Net Income
Forecast

Net Income Estimate
Magic Software Enterprises Ltd

For the last 8 years the compound annual growth rate for Magic Software Enterprises Ltd's net income is 11%. The projected CAGR for the next 3 years is 12%.

11%
Past Growth
12%
Estimated Growth
Estimates Accuracy
-32%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MGIC's stock price target?
Price Target
15.3 USD

According to Wall Street analysts, the average 1-year price target for MGIC is 15.3 USD with a low forecast of 15.15 USD and a high forecast of 15.75 USD.

What is Magic Software Enterprises Ltd's Revenue forecast?
Projected CAGR
4%

For the last 8 years the compound annual growth rate for Magic Software Enterprises Ltd's revenue is 15%. The projected CAGR for the next 3 years is 4%.

What is Magic Software Enterprises Ltd's Operating Income forecast?
Projected CAGR
10%

For the last 8 years the compound annual growth rate for Magic Software Enterprises Ltd's operating income is 13%. The projected CAGR for the next 3 years is 10%.

What is Magic Software Enterprises Ltd's Net Income forecast?
Projected CAGR
12%

For the last 8 years the compound annual growth rate for Magic Software Enterprises Ltd's net income is 11%. The projected CAGR for the next 3 years is 12%.

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