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 $15.00 (represents a 26.69% upside from MGIC’s last price of $11.84) 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 $15.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $15.00. This represents a potential 26.69% upside from MGIC's last price of $11.84.
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 |
|---|---|---|---|---|---|---|
| Nov 18, 2024 | Tavy Rosner | Barclays | $15.00 | $11.01 | 36.24% | 26.69% |
| May 17, 2024 | Tavy Rosner | Barclays | $14.00 | $11.88 | 17.85% | 18.24% |
| May 03, 2024 | Scott Heleniak | RBC Capital | $22.00 | $11.90 | 84.87% | 85.81% |
The latest Magic Software Enterprises stock forecast, released on Nov 18, 2024 by Tavy Rosner from Barclays, set a price target of $15.00, which represents a 36.24% increase from the stock price at the time of the forecast ($11.01), and a 26.69% increase from MGIC last price ($11.84).
Magic Software Enterprises Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 3 |
| Avg Price Target | $15.00 | $15.00 | $17.00 |
| Last Closing Price | $11.84 | $11.84 | $11.84 |
| Upside/Downside | 26.69% | 26.69% | 43.58% |
In the current month, the average price target of Magic Software Enterprises stock is $15.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 26.69% increase as opposed to Magic Software Enterprises's last price of $11.84. This month's average price target is down 0.00% compared to last quarter, and down -11.76% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 18, 2024 | Barclays | Overweight | Overweight | Hold |
| 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 Nov 18, 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 | $135.10M | $144.40M | $143.10M | $143.80M | $137.00M | $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 | $135.10M | $144.40M | $143.10M | $143.80M | $137.00M | $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 | $83.68M | $67.30M |
| Low Forecast | $135.10M | $144.40M | $143.10M | $143.80M | $137.00M | $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 | $55.78M | $44.87M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 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 1 analysts is $142.30M, with a low forecast of $142.30M, and a high forecast of $142.30M. 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 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 | $20.29M | $21.68M | $21.49M | $21.59M | $20.57M | $20.62M | $19.83M | $20.20M | $17.27M | $19.42M | $21.37M | $18.37M | $10.74M | $18.96M | $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 | $20.29M | $21.68M | $21.49M | $21.59M | $20.57M | $20.62M | $19.83M | $24.24M | $17.27M | $19.42M | $21.37M | $22.04M | $12.89M | $18.96M | $18.96M | $20.04M | $18.07M | $16.27M | $15.42M | $15.18M | $13.62M | $12.74M | $12.31M | $9.55M | $12.01M | $11.52M | $11.02M | $11.79M | $11.90M | $10.21M |
| Low Forecast | $20.29M | $21.68M | $21.49M | $21.59M | $20.57M | $20.62M | $19.83M | $16.16M | $17.27M | $19.42M | $21.37M | $14.69M | $8.59M | $18.96M | $18.96M | $13.36M | $18.07M | $16.27M | $15.42M | $10.12M | $13.62M | $12.74M | $12.31M | $6.37M | $12.01M | $11.52M | $11.02M | $7.86M | $7.93M | $6.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.72% | 1.02% | 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% |
1 analysts predict MGIC's average Quarter EBITDA for Jun 23 to be $21.37M, with a high of $21.37M and a low of $21.37M. This is 4.76% 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 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 | $12.52M | $12.03M | $11.78M | $12.27M | $12.03M | $12.03M | $11.78M | $11.17M | $9.37M | $12.52M | $12.96M | $10.16M | $5.54M | $12.77M | $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 | $12.52M | $12.03M | $11.78M | $12.27M | $12.03M | $12.03M | $11.78M | $13.41M | $9.37M | $12.91M | $12.96M | $12.19M | $6.65M | $12.77M | $13.01M | $11.08M | $12.27M | $10.47M | $10.15M | $8.60M | $9.17M | $8.18M | $7.36M | $5.15M | $7.36M | $7.36M | $6.87M | $6.42M | $5.49M | $4.69M |
| Low Forecast | $12.52M | $12.03M | $11.78M | $12.27M | $12.03M | $12.03M | $11.78M | $8.94M | $9.37M | $12.13M | $12.96M | $8.13M | $4.43M | $12.77M | $13.01M | $7.39M | $12.27M | $10.47M | $10.15M | $5.73M | $9.17M | $8.18M | $7.36M | $3.43M | $7.36M | $7.36M | $6.87M | $4.28M | $3.66M | $3.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.82% | 0.90% | 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 $12.96M to $12.96M. 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 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 | $21.56M | $23.05M | $22.84M | $22.95M | $21.87M | $21.92M | $21.08M | $22.05M | $18.36M | $20.64M | $22.71M | $20.04M | $19.34M | $20.63M | $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 | $21.56M | $23.05M | $22.84M | $22.95M | $21.87M | $21.92M | $21.08M | $26.46M | $18.36M | $20.64M | $22.71M | $24.05M | $23.21M | $20.63M | $20.63M | $21.86M | $19.66M | $17.70M | $16.78M | $17.99M | $14.83M | $13.86M | $13.39M | $12.56M | $13.07M | $12.54M | $11.99M | $14.83M | $16.83M | $12.92M |
| Low Forecast | $21.56M | $23.05M | $22.84M | $22.95M | $21.87M | $21.92M | $21.08M | $17.64M | $18.36M | $20.64M | $22.71M | $16.03M | $15.48M | $20.63M | $20.63M | $14.58M | $19.66M | $17.70M | $16.78M | $12.00M | $14.83M | $13.86M | $13.39M | $8.37M | $13.07M | $12.54M | $11.99M | $9.89M | $11.22M | $8.61M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.26% | 1.02% | 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 $22.71M, based on 1 Wall Street analysts, with a range of $22.71M to $22.71M. The forecast indicates a 8.17% 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 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 | $0.26 | $0.24 | $0.24 | $0.25 | $0.24 | $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 | $0.26 | $0.24 | $0.24 | $0.25 | $0.24 | $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 | $0.17 | $0.13 |
| Low Forecast | $0.26 | $0.24 | $0.24 | $0.25 | $0.24 | $0.24 | $0.24 | $0.21 | $0.19 | $0.25 | $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 | $0.11 | $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 1 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 $0.26. This represents a 31.95% increase compared to MGIC previous annual EPS of $0.20 (Mar 23).