Magna (MGA) Stock Forecast, Price Target & Predictions


MGA Stock Forecast


Magna (MGA) stock forecast, based on 19 Wall Street analysts, predicts a 12-month average price target of $50.00, with a high of $50.00 and a low of $50.00. This represents a 32.10% increase from the last price of $37.85.

$35$40$45$50$55$60High: $50Avg: $50Low: $50Last Closed Price: $37.85

MGA Stock Rating


Magna stock's rating consensus is Buy, based on 19 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 11 Buy (57.89%), 7 Hold (36.84%), 1 Sell (5.26%), and 0 Strong Sell (0.00%).

Buy
Total 19 0 1 7 11 Strong Sell Sell Hold Buy Strong Buy

MGA Price Target Upside V Benchmarks


TypeNameUpside
StockMagna32.10%
SectorConsumer Cyclical Stocks 4.85%
IndustryAuto Parts Stocks 31.18%
IdeaSelf Driving Car Stocks List7.03%

Price Target Trends


1M3M12M
# Anlaysts119
Avg Price Target$50.00$50.00$54.56
Last Closing Price$37.85$37.85$37.85
Upside/Downside32.10%32.10%44.15%
Ratings Trends

DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 255411-121
Jan, 255412-122
Dec, 2444131123
Nov, 2449132-28
Oct, 2449142130
Analyst Price Target Forecasts

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 18, 2025Michael GlenRaymond James$50.00$37.8532.10%32.10%
Aug 06, 2024Krista FriesenCIBC$47.00$39.1120.17%24.17%
Aug 04, 2024Colin LanganWells Fargo$43.00$40.436.36%13.61%
Jul 16, 2024Dan LevyBarclays$55.00$44.4523.73%45.31%
Jul 05, 2024Jonathan GoldmanScotiabank$52.00$42.3122.90%37.38%
May 10, 2024Adam JonasMorgan Stanley$60.00$46.4029.31%58.52%
May 06, 2024Brian MorrisonTD Securities$62.00$46.4033.62%63.80%
May 06, 2024Tamy ChenBMO Capital$60.00$46.6328.67%58.52%
Apr 15, 2024Chris McNallyEvercore ISI$62.00$49.8424.40%63.80%
Feb 14, 2023Tom NarayanRBC Capital$55.86$55.92-0.11%47.58%
Analyst Rating Forecasts

DateCompanyPrevious RatingNew RatingRating Change
Feb 18, 2025Raymond JamesMarket PerformMarket Performhold
Jan 24, 2025RBC CapitalSector PerformOutperformupgrade
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

Financial Forecast


EPS Forecast

$2$3$4$5$6$7$8$9Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.52$5.04$2.04$4.31-----
Avg Forecast$3.13$4.70$4.14$5.67$5.22$5.83$6.63$7.07$8.05
High Forecast$3.22$4.84$4.27$5.82$5.40$6.19$6.91$7.36$8.39
Low Forecast$3.01$4.52$4.02$5.54$5.06$5.53$6.39$6.81$7.76
Surprise %-19.49%7.23%-50.72%-23.99%-----

Revenue Forecast

$30B$34B$38B$42B$46B$50BDec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$32.65B$36.24B$37.84B$43.58B-----
Avg Forecast$32.49B$35.88B$37.33B$43.59B$42.10B$42.21B$42.94B$43.12B$45.27B
High Forecast$33.24B$36.72B$38.20B$43.75B$42.20B$42.39B$44.31B$44.50B$46.71B
Low Forecast$31.57B$34.87B$36.50B$43.53B$42.00B$41.98B$41.74B$41.92B$44.01B
Surprise %0.50%1.00%1.37%-0.02%-----

Net Income Forecast

$0$500M$1B$2B$2B$3BDec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$757.00M$1.51B$592.00M$1.24B-----
Avg Forecast$320.84M$1.35B$1.30B$1.43B$1.50B$1.67B$1.90B$2.03B$2.31B
High Forecast$631.11M$1.39B$1.56B$1.72B$1.55B$1.77B$1.98B$2.11B$2.40B
Low Forecast$10.58M$1.30B$1.04B$1.14B$1.45B$1.59B$1.83B$1.95B$2.23B
Surprise %135.94%12.49%-54.45%-13.59%-----

MGA Forecast FAQ


Is Magna stock a buy?

Magna stock has a consensus rating of Buy, based on 19 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 11 Buy, 7 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Magna is a favorable investment for most analysts.

What is Magna's price target?

Magna's price target, set by 19 Wall Street analysts, averages $50 over the next 12 months. The price target range spans from $50 at the low end to $50 at the high end, suggesting a potential 32.10% change from the previous closing price of $37.85.

How does Magna stock forecast compare to its benchmarks?

Magna's stock forecast shows a 32.10% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.85%) and outperforming the auto parts stocks industry (31.18%), leading the self driving car stocks list (7.03%) investment idea.

What is the breakdown of analyst ratings for Magna over the past three months?

  • February 2025: 23.81% Strong Buy, 19.05% Buy, 52.38% Hold, 0% Sell, 4.76% Strong Sell.
  • January 2025: 22.73% Strong Buy, 18.18% Buy, 54.55% Hold, 0% Sell, 4.55% Strong Sell.
  • December 2024: 17.39% Strong Buy, 17.39% Buy, 56.52% Hold, 4.35% Sell, 4.35% Strong Sell.

What is Magna’s EPS forecast?

Magna's average annual EPS forecast for its fiscal year ending in December 2024 is $5.22, marking a 21.11% increase from the reported $4.31 in 2023. Estimates for the following years are $5.83 in 2025, $6.63 in 2026, $7.07 in 2027, and $8.05 in 2028.

What is Magna’s revenue forecast?

Magna's average annual revenue forecast for its fiscal year ending in December 2024 is $42.1B, reflecting a -3.40% decrease from the reported $43.58B in 2023. The forecast for 2025 is $42.21B, followed by $42.94B for 2026, $43.12B for 2027, and $45.27B for 2028.

What is Magna’s net income forecast?

Magna's net income forecast for the fiscal year ending in December 2024 stands at $1.5B, representing an 21.08% increase from the reported $1.24B in 2023. Projections indicate $1.67B in 2025, $1.9B in 2026, $2.03B in 2027, and $2.31B in 2028.