Magic Software Enterprises (MGIC) Stock Forecast, Price Target & Predictions
MGIC Stock Forecast
Magic Software Enterprises stock forecast is as follows: an average price target of $18.00 (represents a 56.52% upside from MGIC’s last price of $11.50) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
MGIC Price Target
The average price target for Magic Software Enterprises (MGIC) is $18.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $14.00. This represents a potential 56.52% upside from MGIC's last price of $11.50.
MGIC Analyst Ratings
According to 2 Wall Street analysts, Magic Software Enterprises's rating consensus is 'Buy'. The analyst rating breakdown for MGIC stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Magic Software Enterprises Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 17, 2024 | Tavy Rosner | Barclays | $14.00 | $11.88 | 17.85% | 21.74% |
| May 03, 2024 | Scott Heleniak | RBC Capital | $22.00 | $11.90 | 84.87% | 91.30% |
The latest Magic Software Enterprises stock forecast, released on May 17, 2024 by Tavy Rosner from Barclays, set a price target of $14.00, which represents a 17.85% increase from the stock price at the time of the forecast ($11.88), and a 21.74% increase from MGIC last price ($11.50).
Magic Software Enterprises Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $18.00 |
| Last Closing Price | $11.50 | $11.50 | $11.50 |
| Upside/Downside | -100.00% | -100.00% | 56.52% |
In the current month, the average price target of Magic Software Enterprises stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Magic Software Enterprises's last price of $11.50. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 17, 2024 | Barclays | Overweight | Overweight | Hold |
| May 03, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
Magic Software Enterprises's last stock rating was published by Barclays on May 17, 2024. The company gave MGIC a "Overweight" rating, the same as its previous rate.
Magic Software Enterprises Financial Forecast
Magic Software Enterprises Revenue Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $142.44M | $147.15M | $143.96M | $136.98M | $138.71M | $133.00M | $120.87M | $119.16M | $107.30M | $104.57M | $94.89M | $86.52M | $85.21M | $90.93M | $85.84M | $77.06M | $71.80M | $69.73M | $60.76M |
| Avg Forecast | $138.60M | $138.60M | $143.10M | $143.80M | $140.60M | $137.30M | $132.08M | $126.80M | $114.99M | $129.30M | $142.30M | $143.40M | $143.00M | $131.70M | $131.70M | $128.80M | $125.50M | $113.00M | $107.15M | $102.20M | $94.65M | $88.50M | $85.50M | $82.65M | $83.45M | $80.05M | $76.55M | $75.30M | $69.73M | $56.09M |
| High Forecast | $139.12M | $139.12M | $143.64M | $144.34M | $141.13M | $137.82M | $132.58M | $127.28M | $115.43M | $129.79M | $142.84M | $143.94M | $143.54M | $132.20M | $131.95M | $129.04M | $125.74M | $113.21M | $107.35M | $102.39M | $94.83M | $88.67M | $85.66M | $82.81M | $83.61M | $80.20M | $76.69M | $75.44M | $83.68M | $67.30M |
| Low Forecast | $138.07M | $138.07M | $142.55M | $143.25M | $140.06M | $136.77M | $131.57M | $126.31M | $114.55M | $128.80M | $141.75M | $142.85M | $142.45M | $131.19M | $131.45M | $128.55M | $125.26M | $112.78M | $106.94M | $102.00M | $94.47M | $88.33M | $85.34M | $82.49M | $83.29M | $79.90M | $76.40M | $75.15M | $55.78M | $44.87M |
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | - | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 15 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.03% | 1.09% | 1.04% | 1.08% | 1.06% | 1.07% | 1.11% | 1.05% | 1.10% | 1.07% | 1.01% | 1.03% | 1.09% | 1.07% | 1.01% | 0.95% | 1.00% | 1.08% |
Magic Software Enterprises's average Quarter revenue forecast for Jun 23 based on 0 analysts is $142.30M, with a low forecast of $141.75M, and a high forecast of $142.84M. MGIC's average Quarter revenue forecast represents a -0.10% decrease compared to the company's last Quarter revenue of $142.44M (Mar 23).
Magic Software Enterprises EBITDA Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | - | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 15 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $20.40M | $18.49M | $19.39M | $18.81M | $20.10M | $15.11M | $14.73M | $14.88M | $13.32M | $10.94M | $13.49M | $11.13M | $10.85M | $11.09M | $10.24M | $10.02M | $9.82M | $9.92M | $9.28M |
| Avg Forecast | $19.95M | $19.95M | $20.60M | $20.70M | $20.24M | $19.76M | $19.01M | $20.20M | $16.55M | $18.61M | $20.48M | $18.37M | $20.58M | $13.89M | $18.96M | $16.70M | $18.07M | $16.27M | $15.42M | $12.65M | $13.62M | $12.74M | $12.31M | $7.96M | $12.01M | $11.52M | $11.02M | $9.82M | $9.92M | $8.51M |
| High Forecast | $20.03M | $20.03M | $20.68M | $20.78M | $20.32M | $19.84M | $19.08M | $24.24M | $16.62M | $18.68M | $20.56M | $22.04M | $20.66M | $16.67M | $18.99M | $20.04M | $18.10M | $16.30M | $15.45M | $15.18M | $13.65M | $12.76M | $12.33M | $9.55M | $12.04M | $11.55M | $11.04M | $11.79M | $11.90M | $10.21M |
| Low Forecast | $19.87M | $19.87M | $20.52M | $20.62M | $20.16M | $19.69M | $18.94M | $16.16M | $16.49M | $18.54M | $20.41M | $14.69M | $20.51M | $11.11M | $18.92M | $13.36M | $18.03M | $16.24M | $15.39M | $10.12M | $13.60M | $12.72M | $12.28M | $6.37M | $11.99M | $11.50M | $11.00M | $7.86M | $7.93M | $6.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 0.90% | 1.40% | 0.99% | 1.20% | 0.84% | 0.91% | 0.96% | 1.05% | 0.80% | 1.06% | 0.90% | 1.36% | 0.92% | 0.89% | 0.91% | 1.00% | 1.00% | 1.09% |
0 analysts predict MGIC's average Quarter EBITDA for Jun 23 to be $20.48M, with a high of $20.56M and a low of $20.41M. This is 0.42% upper than Magic Software Enterprises's previous annual EBITDA (Mar 23) of $20.40M.
Magic Software Enterprises Net Income Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | - | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 15 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $10.11M | $10.07M | $11.49M | $9.49M | $9.62M | $8.26M | $7.50M | $7.78M | $7.54M | $6.51M | $7.08M | $5.74M | $5.85M | $5.12M | $4.96M | $4.83M | $5.35M | $4.58M | $4.26M |
| Avg Forecast | $13.01M | $12.52M | $12.03M | $12.52M | $12.77M | $12.03M | $11.78M | $11.17M | $9.37M | $12.52M | $12.96M | $10.16M | $12.27M | $7.07M | $13.01M | $9.23M | $12.27M | $10.47M | $10.15M | $7.17M | $9.17M | $8.18M | $7.36M | $4.29M | $7.36M | $7.36M | $6.87M | $5.35M | $4.58M | $3.91M |
| High Forecast | $13.08M | $12.58M | $12.09M | $12.58M | $12.83M | $12.09M | $11.84M | $13.41M | $9.41M | $12.58M | $13.02M | $12.19M | $12.34M | $8.48M | $13.04M | $11.08M | $12.30M | $10.50M | $10.17M | $8.60M | $9.19M | $8.20M | $7.38M | $5.15M | $7.38M | $7.38M | $6.89M | $6.42M | $5.49M | $4.69M |
| Low Forecast | $12.95M | $12.46M | $11.97M | $12.46M | $12.70M | $11.97M | $11.72M | $8.94M | $9.32M | $12.46M | $12.89M | $8.13M | $12.21M | $5.65M | $12.98M | $7.39M | $12.24M | $10.45M | $10.12M | $5.73M | $9.14M | $8.16M | $7.35M | $3.43M | $7.35M | $7.35M | $6.86M | $4.28M | $3.66M | $3.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.82% | 1.63% | 0.73% | 1.04% | 0.67% | 0.72% | 0.77% | 1.05% | 0.71% | 0.87% | 0.78% | 1.36% | 0.70% | 0.67% | 0.70% | 1.00% | 1.00% | 1.09% |
Magic Software Enterprises's average Quarter net income forecast for Jun 23 is $12.96M, with a range of $12.89M to $13.02M. MGIC's average Quarter net income forecast represents a 28.19% increase compared to the company's last Quarter net income of $10.11M (Mar 23).
Magic Software Enterprises SG&A Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | - | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 15 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $21.00M | $24.29M | $20.99M | $19.69M | $18.98M | $19.14M | $18.26M | $17.75M | $15.79M | $16.52M | $15.75M | $12.96M | $14.27M | $17.18M | $16.65M | $14.05M | $12.36M | $14.02M | $11.74M |
| Avg Forecast | $21.71M | $21.71M | $22.41M | $22.52M | $22.02M | $21.51M | $20.69M | $22.05M | $18.01M | $20.25M | $22.29M | $20.04M | $22.40M | $17.22M | $20.63M | $18.22M | $19.66M | $17.70M | $16.78M | $15.00M | $14.83M | $13.86M | $13.39M | $10.47M | $13.07M | $12.54M | $11.99M | $12.36M | $14.02M | $10.77M |
| High Forecast | $21.79M | $21.79M | $22.50M | $22.61M | $22.11M | $21.59M | $20.77M | $26.46M | $18.08M | $20.33M | $22.37M | $24.05M | $22.48M | $20.66M | $20.67M | $21.86M | $19.69M | $17.73M | $16.81M | $17.99M | $14.85M | $13.89M | $13.42M | $12.56M | $13.10M | $12.56M | $12.01M | $14.83M | $16.83M | $12.92M |
| Low Forecast | $21.63M | $21.63M | $22.33M | $22.44M | $21.94M | $21.42M | $20.61M | $17.64M | $17.94M | $20.17M | $22.20M | $16.03M | $22.31M | $13.78M | $20.59M | $14.58M | $19.62M | $17.67M | $16.75M | $12.00M | $14.80M | $13.84M | $13.37M | $8.37M | $13.05M | $12.51M | $11.97M | $9.89M | $11.22M | $8.61M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.08% | 1.22% | 0.95% | 1.04% | 0.97% | 1.03% | 1.06% | 1.05% | 1.11% | 1.14% | 0.97% | 1.36% | 1.31% | 1.33% | 1.17% | 1.00% | 1.00% | 1.09% |
Magic Software Enterprises's average Quarter SG&A projection for Jun 23 is $22.29M, based on 0 Wall Street analysts, with a range of $22.20M to $22.37M. The forecast indicates a 6.14% rise compared to MGIC last annual SG&A of $21.00M (Mar 23).
Magic Software Enterprises EPS Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | - | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 15 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.20 | $0.23 | $0.24 | $0.16 | $0.20 | $0.17 | $0.15 | $0.16 | $0.15 | $0.11 | $0.15 | $0.12 | $0.12 | $0.10 | $0.10 | $0.08 | $0.11 | $0.10 | $0.10 |
| Avg Forecast | $0.27 | $0.26 | $0.24 | $0.26 | $0.26 | $0.24 | $0.24 | $0.21 | $0.19 | $0.26 | $0.26 | $0.27 | $0.25 | $0.26 | $0.27 | $0.24 | $0.25 | $0.21 | $0.21 | $0.20 | $0.19 | $0.17 | $0.15 | $0.15 | $0.15 | $0.15 | $0.14 | $0.14 | $0.14 | $0.11 |
| High Forecast | $0.27 | $0.26 | $0.25 | $0.26 | $0.26 | $0.25 | $0.24 | $0.21 | $0.19 | $0.26 | $0.27 | $0.27 | $0.25 | $0.26 | $0.27 | $0.25 | $0.25 | $0.21 | $0.21 | $0.20 | $0.19 | $0.17 | $0.15 | $0.15 | $0.15 | $0.15 | $0.14 | $0.14 | $0.17 | $0.13 |
| Low Forecast | $0.26 | $0.25 | $0.24 | $0.25 | $0.26 | $0.24 | $0.24 | $0.21 | $0.19 | $0.25 | $0.26 | $0.26 | $0.25 | $0.26 | $0.26 | $0.24 | $0.25 | $0.21 | $0.21 | $0.20 | $0.19 | $0.17 | $0.15 | $0.15 | $0.15 | $0.15 | $0.14 | $0.14 | $0.11 | $0.09 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.75% | 0.92% | 0.92% | 0.60% | 0.82% | 0.68% | 0.70% | 0.77% | 0.75% | 0.59% | 0.90% | 0.80% | 0.78% | 0.67% | 0.67% | 0.57% | 0.77% | 0.71% | 0.91% |
According to 0 Wall Street analysts, Magic Software Enterprises's projected average Quarter EPS for Jun 23 is $0.26, with a low estimate of $0.26 and a high estimate of $0.27. This represents a 31.95% increase compared to MGIC previous annual EPS of $0.20 (Mar 23).
MGIC Forecast FAQ
Is Magic Software Enterprises a good buy?
Yes, according to 2 Wall Street analysts, Magic Software Enterprises (MGIC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of MGIC's total ratings.
What is MGIC's price target?
Magic Software Enterprises (MGIC) average price target is $18 with a range of $14 to $22, implying a 56.52% from its last price of $11.5. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Magic Software Enterprises stock go up soon?
According to Wall Street analysts' prediction for MGIC stock, the company can go up by 56.52% (from the last price of $11.5 to the average price target of $18), up by 91.30% based on the highest stock price target, and up by 21.74% based on the lowest stock price target.
Can Magic Software Enterprises stock reach $20?
MGIC's highest twelve months analyst stock price target of $22 supports the claim that Magic Software Enterprises can reach $20 in the near future.
What are Magic Software Enterprises's analysts' financial forecasts?
Magic Software Enterprises's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $536.78M (high $538.81M, low $534.71M), average EBITDA is $79.22M (high $83.48M, low $74.95M), average net income is $47.75M (high $50.16M, low $45.33M), average SG&A $86.26M (high $90.91M, low $81.61M), and average EPS is $0.956 (high $0.961, low $0.951). MGIC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $564.1M (high $566.23M, low $561.93M), average EBITDA is $81.2M (high $81.51M, low $80.89M), average net income is $50.08M (high $50.33M, low $49.83M), average SG&A $88.35M (high $88.69M, low $88.01M), and average EPS is $1.02 (high $1.02, low $1.01).
Did the MGIC's actual financial results beat the analysts' financial forecasts?
Based on Magic Software Enterprises's last annual report (Dec 2022), the company's revenue was $566.79M, beating the average analysts forecast of $535.2M by 5.90%. Apple's EBITDA was $76.79M, beating the average prediction of $70.13M by 9.49%. The company's net income was $40.67M, missing the average estimation of $41.59M by -2.21%. Apple's SG&A was $83.95M, beating the average forecast of $78.47M by 6.99%. Lastly, the company's EPS was $0.79, missing the average prediction of $1.02 by -22.55%. In terms of the last quarterly report (Mar 2023), Magic Software Enterprises's revenue was $142.44M, missing the average analysts' forecast of $143.4M by -0.67%. The company's EBITDA was $20.4M, beating the average prediction of $18.37M by 11.06%. Magic Software Enterprises's net income was $10.11M, missing the average estimation of $10.16M by -0.48%. The company's SG&A was $21M, beating the average forecast of $20.04M by 4.77%. Lastly, the company's EPS was $0.2, missing the average prediction of $0.265 by -24.53%