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MagnaChip Semiconductor Analyst Ratings

Benzinga ·  Aug 10, 2023 06:51
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating
08/10/2023 46.4% Needham → $13 Reiterates Buy → Buy
06/23/2023 46.4% Needham → $13 Reiterates Buy → Buy
02/17/2023 46.4% Needham → $13 Reiterates → Buy
02/06/2023 463.06% RBC Capital $45 → $50 Maintains Sector Perform
11/03/2022 46.4% Needham $22 → $13 Maintains Buy
05/04/2022 181.53% Needham $29 → $25 Maintains Buy
08/23/2021 226.58% Needham $30 → $29 Maintains Buy
02/18/2021 237.84% Roth Capital $20 → $30 Maintains Buy
02/18/2021 237.84% Needham $25 → $30 Maintains Buy
01/08/2021 Oppenheimer Initiates Coverage On → Outperform
08/11/2020 54.84% Citigroup $13.4 → $13.75 Maintains Neutral
01/15/2020 102.7% Needham $15 → $18 Maintains Buy
11/01/2018 5.86% Citigroup $12 → $9.4 Maintains Neutral

What is the target price for MagnaChip Semiconductor (MX)?

The latest price target for MagnaChip Semiconductor (NYSE: MX) was reported by Needham on August 10, 2023. The analyst firm set a price target for $13.00 expecting MX to rise to within 12 months (a possible 46.40% upside). 5 analyst firms have reported ratings in the last year.

What is the most recent analyst rating for MagnaChip Semiconductor (MX)?

The latest analyst rating for MagnaChip Semiconductor (NYSE: MX) was provided by Needham, and MagnaChip Semiconductor reiterated their buy rating.

When is the next analyst rating going to be posted or updated for MagnaChip Semiconductor (MX)?

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MagnaChip Semiconductor, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MagnaChip Semiconductor was filed on August 10, 2023 so you should expect the next rating to be made available sometime around August 10, 2024.

Is the Analyst Rating MagnaChip Semiconductor (MX) correct?

While ratings are subjective and will change, the latest MagnaChip Semiconductor (MX) rating was a reiterated with a price target of $0.00 to $13.00. The current price MagnaChip Semiconductor (MX) is trading at is $8.88, which is within the analyst's predicted range.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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