Magna (MGA) Stock Forecast, Price Target & Predictions
MGA Stock Forecast
Magna stock forecast is as follows: an average price target of $65.63 (represents a 63.26% upside from MGA’s last price of $40.20) 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 $65.63 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $43.00. This represents a potential 63.26% upside from MGA's last price of $40.20.
MGA Analyst Ratings
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%), 12 'Buy' (63.16%), 7 'Hold' (36.84%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Magna Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 06, 2024 | Krista Friesen | CIBC | $47.00 | $39.11 | 20.17% | 16.92% |
| Aug 04, 2024 | Colin Langan | Wells Fargo | $43.00 | $40.43 | 6.36% | 6.97% |
| Jul 16, 2024 | Dan Levy | Barclays | $55.00 | $44.45 | 23.73% | 36.82% |
| Jul 05, 2024 | Jonathan Goldman | Scotiabank | $52.00 | $42.31 | 22.90% | 29.35% |
| May 10, 2024 | Adam Jonas | Morgan Stanley | $60.00 | $46.40 | 29.31% | 49.25% |
| May 06, 2024 | Brian Morrison | TD Securities | $62.00 | $46.40 | 33.62% | 54.23% |
| May 06, 2024 | Tamy Chen | BMO Capital | $60.00 | $46.63 | 28.69% | 49.25% |
| Apr 15, 2024 | Chris McNally | Evercore ISI | $62.00 | $49.84 | 24.40% | 54.23% |
| Feb 14, 2023 | Tom Narayan | RBC Capital | $55.86 | $55.92 | -0.11% | 38.96% |
| Feb 01, 2023 | - | BMO Capital | $74.00 | $64.94 | 13.95% | 84.08% |
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 16.92% increase from MGA last price ($40.20).
Magna Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 8 |
| Avg Price Target | - | $49.25 | $55.13 |
| Last Closing Price | $40.20 | $40.20 | $40.20 |
| Upside/Downside | -100.00% | 22.51% | 37.14% |
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 $40.20. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| Aug 06, 2024 | CIBC | Neutral | Neutral | Hold |
| Aug 04, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 16, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 05, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Jul 01, 2024 | Exane BNP Paribas | - | Outperform | Upgrade |
| May 10, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| May 06, 2024 | TD Securities | Buy | Buy | Hold |
| May 06, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Feb 12, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
Magna's last stock rating was published by Wolfe Research on Sep 04, 2024. The company Downgrade its MGA rating from "Peer Perform" to "Underperform".
Magna Financial Forecast
Magna Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $11.49B | $11.29B | $11.68B | $11.67B | $11.16B | $11.01B | $11.37B | $11.22B | $10.76B | $10.64B | $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 | $12.08B | $11.87B | $12.29B | $12.28B | $11.74B | $11.58B | $11.96B | $11.81B | $11.32B | $10.85B | $11.63B | $11.64B | $10.84B | $10.69B | $11.01B | $10.39B | $9.91B | $9.41B | $8.93B | $9.52B | $9.25B | $8.01B | $9.58B | $9.88B | $10.64B | $9.38B | $4.27B | $8.75B | $9.62B | $9.63B |
| Low Forecast | $10.78B | $10.59B | $10.96B | $10.96B | $10.48B | $10.34B | $10.67B | $10.54B | $10.10B | $10.51B | $10.37B | $10.39B | $10.49B | $10.19B | $9.82B | $9.27B | $8.84B | $8.39B | $8.93B | $8.93B | $8.67B | $7.51B | $8.99B | $9.27B | $9.98B | $8.79B | $4.01B | $8.20B | $9.02B | $9.03B |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 8 | 12 | 8 | 8 | 13 | 7 | 12 |
| 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 $10.39B, and a high forecast of $11.64B. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 8 | 12 | 8 | 8 | 13 | 7 | 12 |
| 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 | $1.07B | $1.05B | $1.09B | $1.09B | $1.04B | $1.03B | $1.06B | $1.05B | $1.01B | $994.14M | $1.03B | $857.16M | $994.65M | $976.53M | $977.62M | $779.24M | $880.20M | $621.13M | $834.12M | $708.40M | $464.23M | $721.66M | $1.01B | $1.02B | $871.91M | $564.67M | $-372.76M | $740.92M | $845.86M | $213.35M |
| High Forecast | $1.13B | $1.11B | $1.15B | $1.15B | $1.10B | $1.08B | $1.12B | $1.10B | $1.06B | $1.01B | $1.09B | $1.03B | $1.01B | $998.72M | $1.03B | $935.09M | $925.90M | $745.36M | $834.12M | $850.08M | $557.07M | $748.60M | $1.21B | $1.23B | $1.05B | $677.60M | $-298.21M | $889.11M | $1.02B | $256.02M |
| Low Forecast | $1.01B | $989.77M | $1.02B | $1.02B | $978.60M | $965.56M | $997.08M | $984.29M | $943.85M | $982.00M | $969.14M | $685.73M | $980.36M | $952.00M | $917.65M | $623.39M | $826.21M | $496.91M | $834.12M | $566.72M | $371.38M | $701.98M | $805.78M | $817.24M | $697.53M | $451.73M | $-447.31M | $592.74M | $676.69M | $170.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | 1.03% | 0.80% | 1.26% | 0.86% | 1.24% | 2.03% | 0.85% | 0.92% | 1.11% | 1.67% | 2.01% | 0.71% | 1.00% | 1.14% | 4.19% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 8 | 12 | 8 | 8 | 13 | 7 | 12 |
| 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 | $629.25M | $541.45M | $553.16M | $430.23M | $483.29M | $476.13M | $465.12M | $381.99M | $451.49M | $417.44M | $411.51M | $368.37M | $427.31M | $387.08M | $355.05M | $334.88M | $285.17M | $272.25M | $272.85M | $304.44M | $221.38M | $178.46M | $435.78M | $501.40M | $447.16M | $247.50M | $-615.25M | $241.43M | $413.53M | $-218.98M |
| High Forecast | $671.73M | $578.00M | $590.49M | $459.27M | $515.92M | $508.27M | $496.51M | $407.78M | $481.96M | $433.71M | $439.29M | $442.04M | $456.58M | $421.74M | $379.01M | $401.86M | $304.42M | $326.70M | $272.85M | $365.32M | $265.65M | $187.12M | $522.93M | $601.68M | $536.60M | $297.00M | $-492.20M | $289.71M | $496.24M | $-175.19M |
| Low Forecast | $579.07M | $498.27M | $509.04M | $395.93M | $444.75M | $438.16M | $428.03M | $351.53M | $415.48M | $393.05M | $378.70M | $294.69M | $406.83M | $358.19M | $326.73M | $267.90M | $262.43M | $217.80M | $272.85M | $243.55M | $177.10M | $172.13M | $348.62M | $401.12M | $357.73M | $198.00M | $-738.29M | $193.14M | $330.83M | $-262.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.65% | - | - | 0.62% | 0.33% | 1.06% | -0.53% | 1.20% | 2.16% | 0.10% | 0.97% | 1.23% | 1.65% | 1.64% | 1.06% | 1.08% | 1.06% | 1.66% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 8 | 12 | 8 | 8 | 13 | 7 | 12 |
| 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 | $483.93M | $475.48M | $492.02M | $491.79M | $470.11M | $463.85M | $478.99M | $472.84M | $453.42M | $448.28M | $465.57M | $390.63M | $448.51M | $440.34M | $440.83M | $355.12M | $396.90M | $255.44M | $376.13M | $322.84M | $197.52M | $325.41M | $430.64M | $350.57M | $271.45M | $232.22M | $359.45M | $352.43M | $397.56M | $375.94M |
| High Forecast | $509.06M | $500.17M | $517.57M | $517.32M | $494.52M | $487.93M | $503.86M | $497.39M | $476.96M | $457.13M | $489.74M | $468.76M | $456.67M | $450.35M | $463.72M | $426.14M | $417.51M | $306.53M | $376.13M | $387.40M | $237.03M | $337.56M | $516.77M | $420.69M | $325.74M | $278.67M | $431.34M | $422.91M | $477.07M | $451.13M |
| Low Forecast | $454.24M | $446.31M | $461.84M | $461.62M | $441.27M | $435.40M | $449.61M | $443.84M | $425.61M | $442.81M | $437.01M | $312.51M | $442.07M | $429.28M | $413.79M | $284.10M | $372.56M | $204.36M | $376.13M | $258.27M | $158.02M | $316.54M | $344.51M | $280.46M | $217.16M | $185.78M | $287.56M | $281.94M | $318.05M | $300.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.30% | - | - | 1.37% | 1.20% | 1.52% | 1.09% | 1.20% | 2.10% | 1.40% | 0.97% | 1.23% | 1.65% | 1.64% | 1.05% | 1.08% | 1.06% | 1.06% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 8 | 12 | 8 | 8 | 13 | 7 | 12 |
| 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 | $2.19 | $1.88 | $1.93 | $1.50 | $1.68 | $1.66 | $1.62 | $1.33 | $1.57 | $1.45 | $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 | $2.34 | $2.01 | $2.06 | $1.60 | $1.80 | $1.77 | $1.73 | $1.42 | $1.68 | $1.51 | $1.53 | $1.29 | $1.59 | $1.47 | $1.32 | $0.93 | $1.06 | $1.16 | $0.95 | $1.17 | $0.91 | $0.65 | $1.52 | $1.62 | $2.14 | $1.44 | $-1.54 | $0.86 | $1.40 | $1.41 |
| Low Forecast | $2.02 | $1.73 | $1.77 | $1.38 | $1.55 | $1.53 | $1.49 | $1.22 | $1.45 | $1.37 | $1.32 | $1.11 | $1.42 | $1.25 | $1.14 | $0.80 | $0.91 | $1.00 | $0.95 | $1.08 | $0.84 | $0.60 | $1.40 | $1.49 | $1.97 | $1.32 | $-1.68 | $0.79 | $1.29 | $1.29 |
| 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 $1.11 and a high estimate of $1.29. This represents a 24.51% increase compared to MGA previous annual EPS of $0.97 (Dec 23).
Magna Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FOXF | Fox Factory | $39.39 | $93.33 | 136.94% | Buy |
| APTV | Aptiv | $68.95 | $136.00 | 97.24% | Buy |
| LEA | Lear | $104.78 | $174.70 | 66.73% | Buy |
| MGA | Magna | $40.20 | $65.63 | 63.26% | Buy |
| AXL | American Axle & Manufacturing | $5.83 | $9.25 | 58.66% | Hold |
| VC | Visteon | $90.52 | $135.70 | 49.91% | Buy |
| DAN | Dana | $9.85 | $14.75 | 49.75% | Hold |
| BWA | BorgWarner | $32.21 | $48.14 | 49.46% | Buy |
| ADNT | Adient | $20.52 | $30.25 | 47.42% | Hold |
| LKQ | LKQ | $41.04 | $57.50 | 40.11% | Buy |
| ALV | Autoliv | $95.51 | $112.87 | 18.18% | Buy |
| GNTX | Gentex | $29.19 | $31.60 | 8.26% | Hold |
| ALSN | Allison Transmission | $87.38 | $70.33 | -19.51% | 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 12 'Buy' recommendations, accounting for 63.16% of MGA's total ratings.
What is MGA's price target?
Magna (MGA) average price target is $65.63 with a range of $43 to $105, implying a 63.26% from its last price of $40.2. 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 63.26% (from the last price of $40.2 to the average price target of $65.63), up by 161.19% based on the highest stock price target, and up by 6.97% based on the lowest stock price target.
Can Magna stock reach $60?
MGA's average twelve months analyst stock price target of $65.63 supports 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 $44.77B (high $47.09B, low $42.02B), average EBITDA is $4.18B (high $4.4B, low $3.93B), average net income is $1.81B (high $1.93B, low $1.66B), average SG&A $1.89B (high $1.98B, low $1.77B), and average EPS is $6.29 (high $6.71, low $5.79). MGA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $46.13B (high $48.52B, low $43.3B), average EBITDA is $4.31B (high $4.53B, low $4.05B), average net income is $2.15B (high $2.3B, low $1.98B), average SG&A $1.94B (high $2.04B, low $1.82B), and average EPS is $7.5 (high $8, low $6.9).
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 $3.04B by 2.70%. The company's net income was $592M, missing the average estimation of $1.13B by -47.83%. Apple's SG&A was $1.66B, beating the average forecast of $1.35B by 22.84%. 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, missing the average prediction of $994.65M by -4.23%. 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 $448.51M by 29.68%. Lastly, the company's EPS was $0.97, missing the average prediction of $1.49 by -34.78%