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Magna (MGA) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MGA Stock Forecast

Magna stock forecast is as follows: an average price target of $49.25 (represents a 16.65% upside from MGA’s last price of $42.22) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.

MGA Price Target

The average price target for Magna (MGA) is $49.25 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $43.00. This represents a potential 16.65% upside from MGA's last price of $42.22.

MGA Analyst Ratings

Buy

According to 19 Wall Street analysts, Magna's rating consensus is 'Buy'. The analyst rating breakdown for MGA stock is 0 'Strong Buy' (0.00%), 10 'Buy' (52.63%), 8 'Hold' (42.11%), 1 'Sell' (5.26%), and 0 'Strong Sell' (0.00%).

Magna Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 06, 2024Krista FriesenCIBC$47.00$39.1120.17%11.32%
Aug 04, 2024Colin LanganWells Fargo$43.00$40.436.36%1.85%
Jul 16, 2024Dan LevyBarclays$55.00$44.4523.73%30.27%
Jul 05, 2024Jonathan GoldmanScotiabank$52.00$42.3122.90%23.16%
May 10, 2024Adam JonasMorgan Stanley$60.00$46.4029.31%42.11%
May 06, 2024Brian MorrisonTD Securities$62.00$46.4033.62%46.85%
May 06, 2024Tamy ChenBMO Capital$60.00$46.6328.69%42.11%
Apr 15, 2024Chris McNallyEvercore ISI$62.00$49.8424.40%46.85%
Feb 14, 2023Tom NarayanRBC Capital$55.86$55.92-0.11%32.31%
Feb 01, 2023BMO Capital$74.00$64.9413.95%75.27%
Dec 21, 2022Wells Fargo$60.00$56.476.26%42.11%
Sep 28, 2022Citigroup$62.00$50.1323.68%46.85%
Jul 23, 2022Adam JonasMorgan Stanley$79.00$61.0529.40%87.12%
Jul 11, 2022Wells Fargo$77.00$55.3939.01%82.38%
Jun 01, 2022Goldman Sachs$72.00$64.9210.91%70.54%
May 03, 2022Barclays$64.00$60.775.32%51.59%
May 03, 2022Joseph SpakRBC Capital$79.00$60.7730.00%87.12%
May 02, 2022Credit Suisse$78.00$58.9132.41%84.75%
May 02, 2022Wells Fargo$72.00$59.6320.74%70.54%
May 02, 2022Citigroup$77.00$60.2727.76%82.38%
Apr 09, 2022Itay MichaeliCitigroup$81.00$61.2732.20%91.85%
Feb 14, 2022Dan LevyCredit Suisse$100.00$76.1631.30%136.85%
Jan 06, 2022John MurphyBank of America Securities$105.00$84.9423.62%148.70%
Oct 21, 2021Brian MorrisonTD Securities$98.00$82.2019.22%132.12%
Oct 05, 2021Kevin ChiangCIBC$101.86$78.3030.08%141.25%
Aug 06, 2021Chris McNallyEvercore ISI$110.00$82.3233.62%160.54%
Apr 21, 2021James PicarielloKeyBanc$105.00$94.1611.51%148.70%

The latest Magna stock forecast, released on Aug 06, 2024 by Krista Friesen from CIBC, set a price target of $47.00, which represents a 20.17% increase from the stock price at the time of the forecast ($39.11), and a 11.32% increase from MGA last price ($42.22).

Magna Price Target by Period

1M3M12M
# Anlaysts--8
Avg Price Target--$55.13
Last Closing Price$42.22$42.22$42.22
Upside/Downside-100.00%-100.00%30.58%

In the current month, the average price target of Magna stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Magna's last price of $42.22. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 10, 2024Goldman SachsBuySellDowngrade
Sep 25, 2024Morgan StanleyOverweightEqual-WeightDowngrade
Sep 04, 2024Wolfe ResearchPeer PerformUnderperformDowngrade
Aug 06, 2024CIBCNeutralNeutralHold
Aug 04, 2024Wells FargoEqual-WeightEqual-WeightHold
Jul 16, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 05, 2024ScotiabankSector PerformSector PerformHold
Jul 01, 2024Exane BNP ParibasOutperformUpgrade
May 10, 2024Morgan StanleyOverweightOverweightHold
May 06, 2024TD SecuritiesBuyBuyHold
May 06, 2024BMO CapitalOutperformOutperformHold
Feb 12, 2024ScotiabankSector PerformSector PerformHold
Feb 12, 2024BMO CapitalOutperformOutperformHold
Feb 12, 2024RBC CapitalSector PerformSector PerformHold
Aug 07, 2023BMO CapitalOutperformOutperformHold
Aug 07, 2023Wells FargoEqual-WeightEqual-WeightHold
Jul 06, 2023CitigroupNeutralOverweightInitialise
Jul 06, 2023UBSBuyInitialise
Jul 06, 2023Wolfe ResearchPeer PerformDowngrade
Jul 06, 2023Craig-HallumHoldInitialise
Jul 06, 2023Evercore ISIOutperformInitialise
Jul 06, 2023Cowen & Co.OutperformInitialise
Jul 06, 2023Bank of America SecuritiesBuyUpgrade
May 05, 2023CFRAHoldUpgrade
Feb 14, 2023RBC CapitalOutperformOutperformHold
Feb 01, 2023ScotiabankSector PerformInitialise
Feb 01, 2023Morgan StanleyReduceOverweightInitialise
Feb 01, 2023Cantor FitzgeraldOverweightInitialise
Feb 01, 2023BMO CapitalOutperformUpgrade
Dec 21, 2022Wells FargoEqual-WeightEqual-WeightHold
Dec 14, 2022Wells FargoOverweightEqual-WeightDowngrade
Nov 23, 2022CitigroupBuyNeutralDowngrade
Sep 28, 2022CitigroupBuyBuyHold
Jul 23, 2022Morgan StanleyReduceReduceHold
Jul 11, 2022Wells FargoOverweightOverweightHold
Jun 01, 2022Goldman SachsBuyBuyHold
May 03, 2022RBC CapitalOutperformOutperformHold
May 02, 2022Credit SuisseOutperformOutperformHold
May 02, 2022Wells FargoOverweightOverweightHold

Magna's last stock rating was published by Goldman Sachs on Dec 10, 2024. The company Downgrade its MGA rating from "Buy" to "Sell".

Magna Financial Forecast

Magna Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$10.74B--$10.67B$9.57B$9.27B$9.36B$9.64B$9.11B$7.92B$9.03B$10.18B$10.57B$9.13B$4.29B$8.66B$9.39B$9.32B
Avg Forecast$10.35B$10.52B$10.68B$10.84B$10.39B$10.29B$10.75B$10.57B$10.12B$10.51B$11.05B$11.07B$10.65B$10.45B$10.46B$9.87B$9.42B$8.94B$8.93B$9.18B$8.92B$7.72B$9.24B$9.53B$10.26B$9.04B$4.12B$8.43B$9.27B$9.29B
High Forecast$10.71B$10.89B$11.06B$11.23B$10.76B$10.65B$11.13B$10.94B$10.22B$10.88B$11.44B$11.46B$10.84B$10.69B$10.83B$10.22B$9.75B$8.94B$8.93B$9.18B$8.92B$7.72B$9.24B$9.53B$10.26B$9.04B$4.12B$8.43B$9.27B$9.29B
Low Forecast$10.06B$10.23B$10.39B$10.55B$10.10B$10.00B$10.45B$10.28B$10.03B$10.22B$10.75B$10.76B$10.49B$10.19B$10.18B$9.60B$9.16B$8.94B$8.93B$9.18B$8.92B$7.72B$9.24B$9.53B$10.26B$9.04B$4.12B$8.43B$9.27B$9.29B
# Analysts11111112732241366555111211109999988
Surprise %------------1.01%--1.08%1.02%1.04%1.05%1.05%1.02%1.03%0.98%1.07%1.03%1.01%1.04%1.03%1.01%1.00%

Magna's average Quarter revenue forecast for Mar 24 based on 2 analysts is $11.07B, with a low forecast of $10.76B, and a high forecast of $11.46B. MGA's average Quarter revenue forecast represents a 3.03% increase compared to the company's last Quarter revenue of $10.74B (Dec 23).

Magna EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111112732241366555111211109999988
EBITDA------------$952.62M--$802.00M$705.00M$782.00M$718.00M$876.00M$941.00M$614.00M$931.00M$1.13B$1.46B$1.13B$-266.00M$739.00M$967.00M$893.00M
Avg Forecast$881.56M$895.95M$910.14M$923.95M$885.12M$876.27M$915.86M$900.13M$862.15M$895.03M$941.58M$857.16M$907.08M$890.56M$891.55M$779.24M$510.65M$835.44M$834.12M$708.40M$833.06M$721.66M$863.02M$1.02B$958.44M$844.44M$384.68M$740.92M$866.10M$867.57M
High Forecast$912.70M$927.59M$942.29M$956.58M$916.39M$907.22M$948.21M$931.93M$870.55M$926.64M$974.84M$1.03B$923.59M$910.79M$923.04M$935.09M$612.78M$835.44M$834.12M$850.08M$833.06M$721.66M$863.02M$1.23B$958.44M$844.44M$384.68M$889.11M$866.10M$867.57M
Low Forecast$857.38M$871.36M$885.17M$898.60M$860.84M$852.23M$890.73M$875.44M$854.60M$870.47M$915.74M$685.73M$894.04M$868.19M$867.09M$623.39M$408.52M$835.44M$834.12M$566.72M$833.06M$721.66M$863.02M$817.24M$958.44M$844.44M$384.68M$592.74M$866.10M$867.57M
Surprise %------------1.05%--1.03%1.38%0.94%0.86%1.24%1.13%0.85%1.08%1.11%1.52%1.34%-0.69%1.00%1.12%1.03%

2 analysts predict MGA's average Quarter EBITDA for Mar 24 to be $857.16M, with a high of $1.03B and a low of $685.73M. This is -10.02% lower than Magna's previous annual EBITDA (Dec 23) of $952.62M.

Magna Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111112732241366555111211109999988
Net Income------------$278.49M--$209.00M$95.00M$289.00M$-145.00M$364.00M$478.00M$17.00M$424.00M$615.00M$738.00M$405.00M$-652.00M$261.00M$440.00M$-364.00M
Avg Forecast$503.41M$529.70M$459.26M$417.10M$437.26M$441.62M$426.07M$353.38M$426.92M$407.38M$411.51M$368.37M$427.31M$387.08M$355.05M$334.88M$243.52M$311.48M$273.04M$304.44M$248.72M$178.90M$417.16M$501.40M$585.40M$393.27M$-459.71M$241.43M$383.92M$385.57M
High Forecast$526.53M$554.03M$480.35M$436.25M$457.34M$461.90M$445.63M$403.11M$459.53M$424.53M$425.02M$442.04M$456.58M$421.74M$361.29M$401.86M$292.22M$311.48M$273.04M$365.32M$248.72M$178.90M$417.16M$601.68M$585.40M$393.27M$-459.71M$289.71M$383.92M$385.57M
Low Forecast$485.46M$510.81M$442.88M$402.22M$421.66M$425.87M$410.87M$303.64M$394.30M$390.23M$398.01M$294.69M$406.83M$358.19M$348.80M$267.90M$194.81M$311.48M$273.04M$243.55M$248.72M$178.90M$417.16M$401.12M$585.40M$393.27M$-459.71M$193.14M$383.92M$385.57M
Surprise %------------0.65%--0.62%0.39%0.93%-0.53%1.20%1.92%0.10%1.02%1.23%1.26%1.03%1.42%1.08%1.15%-0.94%

Magna's average Quarter net income forecast for Mar 24 is $368.37M, with a range of $294.69M to $442.04M. MGA's average Quarter net income forecast represents a 32.27% increase compared to the company's last Quarter net income of $278.49M (Dec 23).

Magna SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111112732241366555111211109999988
SG&A------------$581.64M--$488.00M$477.00M$387.00M$410.00M$386.00M$414.00M$454.00M$419.00M$430.00M$448.00M$380.00M$378.00M$381.00M$423.00M$400.00M
Avg Forecast$477.62M$485.41M$493.10M$500.58M$479.55M$474.75M$496.20M$487.68M$467.10M$484.91M$510.13M$390.63M$491.44M$482.49M$483.03M$355.12M$217.28M$376.72M$376.13M$322.84M$375.65M$325.41M$389.15M$350.57M$432.18M$380.78M$173.46M$352.43M$390.55M$391.21M
High Forecast$494.49M$502.56M$510.52M$518.27M$496.49M$491.52M$513.73M$504.91M$471.65M$502.04M$528.15M$468.76M$500.39M$493.46M$500.09M$426.14M$260.73M$376.72M$376.13M$387.40M$375.65M$325.41M$389.15M$420.69M$432.18M$380.78M$173.46M$422.91M$390.55M$391.21M
Low Forecast$464.51M$472.09M$479.57M$486.85M$466.39M$461.73M$482.59M$474.30M$463.01M$471.61M$496.14M$312.51M$484.38M$470.37M$469.78M$284.10M$173.82M$376.72M$376.13M$258.27M$375.65M$325.41M$389.15M$280.46M$432.18M$380.78M$173.46M$281.94M$390.55M$391.21M
Surprise %------------1.18%--1.37%2.20%1.03%1.09%1.20%1.10%1.40%1.08%1.23%1.04%1.00%2.18%1.08%1.08%1.02%

Magna's average Quarter SG&A projection for Mar 24 is $390.63M, based on 2 Wall Street analysts, with a range of $312.51M to $468.76M. The forecast indicates a -32.84% fall compared to MGA last annual SG&A of $581.64M (Dec 23).

Magna EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111112732241366555111211109999988
EPS------------$0.97--$0.73$0.33$1.01$-0.50$1.23$1.59$0.06$1.41$2.04$2.46$1.36$-2.18$0.86$1.44$-1.17
Avg Forecast$1.75$1.84$1.60$1.45$1.52$1.54$1.48$1.23$1.49$1.42$1.43$1.21$1.49$1.35$1.24$0.87$0.99$1.08$0.95$1.12$0.87$0.62$1.45$1.55$2.04$1.37$-1.60$0.82$1.34$1.34
High Forecast$1.83$1.93$1.67$1.52$1.59$1.61$1.55$1.40$1.60$1.48$1.48$1.22$1.59$1.47$1.26$0.91$1.04$1.08$0.95$1.12$0.87$0.62$1.45$1.55$2.04$1.37$-1.60$0.82$1.34$1.34
Low Forecast$1.69$1.78$1.54$1.40$1.47$1.48$1.43$1.06$1.37$1.36$1.39$1.19$1.42$1.25$1.21$0.84$0.96$1.08$0.95$1.12$0.87$0.62$1.45$1.55$2.04$1.37$-1.60$0.82$1.34$1.34
Surprise %------------0.65%--0.84%0.33%0.93%-0.53%1.10%1.84%0.09%0.97%1.32%1.21%0.99%1.36%1.05%1.08%-0.87%

According to 2 Wall Street analysts, Magna's projected average Quarter EPS for Mar 24 is $1.21, with a low estimate of $1.19 and a high estimate of $1.22. This represents a 24.51% increase compared to MGA previous annual EPS of $0.97 (Dec 23).

Magna Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
FOXFFox Factory$30.39$93.33207.11%Buy
LEALear$94.71$140.6748.53%Buy
ADNTAdient$17.60$26.0047.73%Hold
AXLAmerican Axle & Manufacturing$6.29$9.2547.06%Hold
APTVAptiv$57.86$84.1745.47%Buy
VCVisteon$89.69$126.0040.48%Buy
LKQLKQ$36.61$50.0036.57%Buy
ALVAutoliv$94.34$121.1728.44%Buy
GNTXGentex$29.94$35.0016.90%Hold
MGAMagna$43.54$49.2513.11%Buy
BWABorgWarner$33.24$36.008.30%Buy
DANDana$12.17$13.006.82%Buy
ALSNAllison Transmission$112.19$102.67-8.49%Hold

MGA Forecast FAQ

Is Magna a good buy?

Yes, according to 19 Wall Street analysts, Magna (MGA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 52.63% of MGA's total ratings.

What is MGA's price target?

Magna (MGA) average price target is $49.25 with a range of $43 to $55, implying a 16.65% from its last price of $42.22. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Magna stock go up soon?

According to Wall Street analysts' prediction for MGA stock, the company can go up by 16.65% (from the last price of $42.22 to the average price target of $49.25), up by 30.27% based on the highest stock price target, and up by 1.85% based on the lowest stock price target.

Can Magna stock reach $60?

MGA's average twelve months analyst stock price target of $49.25 does not support the claim that Magna can reach $60 in the near future.

What are Magna's analysts' financial forecasts?

Magna's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $41.99B (high $43.47B, low $40.84B), average EBITDA is $3.58B (high $3.7B, low $3.48B), average net income is $1.66B (high $1.77B, low $1.56B), average SG&A $1.94B (high $2.01B, low $1.89B), and average EPS is $5.77 (high $6.15, low $5.44). MGA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $42.39B (high $43.89B, low $41.23B), average EBITDA is $3.61B (high $3.74B, low $3.51B), average net income is $1.91B (high $2B, low $1.84B), average SG&A $1.96B (high $2.03B, low $1.9B), and average EPS is $6.65 (high $6.95, low $6.41).

Did the MGA's actual financial results beat the analysts' financial forecasts?

Based on Magna's last annual report (Dec 2022), the company's revenue was $37.84B, beating the average analysts forecast of $36.47B by 3.76%. Apple's EBITDA was $3.13B, beating the average prediction of $2.89B by 8.22%. The company's net income was $592M, missing the average estimation of $1.13B by -47.73%. Apple's SG&A was $1.66B, beating the average forecast of $1.29B by 28.39%. Lastly, the company's EPS was $2.04, missing the average prediction of $4.14 by -50.77%. In terms of the last quarterly report (Dec 2023), Magna's revenue was $10.74B, beating the average analysts' forecast of $10.65B by 0.90%. The company's EBITDA was $952.62M, beating the average prediction of $907.08M by 5.02%. Magna's net income was $278.49M, missing the average estimation of $427.31M by -34.83%. The company's SG&A was $581.64M, beating the average forecast of $491.44M by 18.35%. Lastly, the company's EPS was $0.97, missing the average prediction of $1.49 by -34.78%