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Magic Software Enterprises (MGIC) Stock Forecast, Price Target & Predictions

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MGIC Stock Forecast

Magic Software Enterprises (MGIC) stock forecast, based on 4 Wall Street analysts, predicts a 12-month average price target of $18.50, with a high of $22.00 and a low of $15.00. This represents a 17.16% increase from the last price of $15.79.

$5 $9 $13 $17 $21 $25 High: $22 Avg: $18.5 Low: $15 Last Closed Price: $15.79

MGIC Stock Rating

Magic Software Enterprises stock's rating consensus is Buy, based on 4 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 2 Buy (50.00%), 2 Hold (50.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 4 0 2 2 Strong Sell Sell Hold Buy Strong Buy

MGIC Price Target Upside V Benchmarks

TypeNameUpside
StockMagic Software Enterprises17.16%
SectorTechnology Stocks 9.00%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$15.00
Last Closing Price$15.79$15.79$15.79
Upside/Downside---5.00%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jun, 251-1--2
May, 251-1--2
Apr, 251-1--2
Mar, 251-1--2
Feb, 2511---2
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 18, 2024Tavy RosnerBarclays$15.00$11.0136.24%-5.00%
May 17, 2024Tavy RosnerBarclays$14.00$11.8817.85%-11.34%
May 03, 2024Scott HeleniakRBC Capital$22.00$11.9084.87%39.33%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Mar 12, 2025William BlairMarket Performdowngrade
Nov 18, 2024BarclaysOverweightOverweighthold
May 17, 2024BarclaysOverweightOverweighthold
May 03, 2024RBC CapitalSector PerformSector Performhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$0.49$0.61$0.79$0.76---
Avg Forecast$0.73$0.93$1.03$0.94$0.94$0.98$1.05
High Forecast$0.73$0.93$1.03$0.94$0.94$0.98$1.05
Low Forecast$0.73$0.93$1.03$0.94$0.94$0.98$1.05
Surprise %-32.88%-34.41%-23.30%-19.15%---

Revenue Forecast

$350M $400M $450M $500M $550M $600M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$371.19M$480.32M$566.79M$535.05M---
Avg Forecast$361.25M$472.80M$562.60M$524.50M$546.91M$566.30M$587.40M
High Forecast$361.39M$472.98M$562.60M$524.50M$546.91M$566.30M$587.40M
Low Forecast$361.11M$472.62M$562.60M$524.50M$546.91M$566.30M$587.40M
Surprise %2.75%1.59%0.75%2.01%---

Net Income Forecast

$20M $27M $34M $41M $48M $55M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$25.19M$29.77M$40.47M$37.09M---
Avg Forecast$36.01M$45.66M$29.59M$37.03M$46.05M$48.16M$51.55M
High Forecast$36.02M$45.68M$35.50M$44.44M$46.05M$48.16M$51.55M
Low Forecast$35.99M$45.64M$23.67M$29.62M$46.05M$48.16M$51.55M
Surprise %-30.05%-34.81%36.79%0.15%---

MGIC Forecast FAQ

Is Magic Software Enterprises stock a buy?

Magic Software Enterprises stock has a consensus rating of Buy, based on 4 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 2 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Magic Software Enterprises is a favorable investment for most analysts.

What is Magic Software Enterprises's price target?

Magic Software Enterprises's price target, set by 4 Wall Street analysts, averages $18.5 over the next 12 months. The price target range spans from $15 at the low end to $22 at the high end, suggesting a potential 17.16% change from the previous closing price of $15.79.

How does Magic Software Enterprises stock forecast compare to its benchmarks?

Magic Software Enterprises's stock forecast shows a 17.16% upside, outperforming the average forecast for the technology stocks sector (9.00%).

What is the breakdown of analyst ratings for Magic Software Enterprises over the past three months?

  • June 2025: 50.00% Strong Buy, 0% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.
  • May 2025: 50.00% Strong Buy, 0% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.
  • April 2025: 50.00% Strong Buy, 0% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.

What is Magic Software Enterprises’s EPS forecast?

Magic Software Enterprises's average annual EPS forecast for its fiscal year ending in December 2024 is $0.94, marking a 23.68% increase from the reported $0.76 in 2023. Estimates for the following years are $0.98 in 2025, and $1.05 in 2026.

What is Magic Software Enterprises’s revenue forecast?

Magic Software Enterprises's average annual revenue forecast for its fiscal year ending in December 2024 is $546.91M, reflecting a 2.22% increase from the reported $535.05M in 2023. The forecast for 2025 is $566.3M, and $587.4M for 2026.

What is Magic Software Enterprises’s net income forecast?

Magic Software Enterprises's net income forecast for the fiscal year ending in December 2024 stands at $46.05M, representing an 24.17% increase from the reported $37.09M in 2023. Projections indicate $48.16M in 2025, and $51.55M in 2026.