| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 08/15/2023 | 43.43% | Barclays | $23 → $18 | Maintains | Overweight |
| 03/09/2021 | 59.36% | HC Wainwright & Co. | $17 → $20 | Maintains | Buy |
| 08/17/2020 | 35.46% | HC Wainwright & Co. | $8.5 → $17 | Upgrades | Neutral → Buy |
| 03/11/2020 | -32.27% | HC Wainwright & Co. | $11 → $8.5 | Downgrades | Buy → Neutral |
What is the target price for Magic Software (MGIC)?
The latest price target for Magic Software (NASDAQ: MGIC) was reported by Barclays on August 15, 2023. The analyst firm set a price target for $18.00 expecting MGIC to rise to within 12 months (a possible 43.43% upside). 1 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Magic Software (MGIC)?
The latest analyst rating for Magic Software (NASDAQ: MGIC) was provided by Barclays, and Magic Software maintained their overweight rating.
When is the next analyst rating going to be posted or updated for Magic Software (MGIC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Magic Software, 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 Magic Software was filed on August 15, 2023 so you should expect the next rating to be made available sometime around August 15, 2024.
Is the Analyst Rating Magic Software (MGIC) correct?
While ratings are subjective and will change, the latest Magic Software (MGIC) rating was a maintained with a price target of $23.00 to $18.00. The current price Magic Software (MGIC) is trading at is $12.55, which is out of the analyst's predicted range.