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NASDAQ: MGIC
Magic Software Enterprises Ltd Stock Forecast, Predictions & Price Target

Analyst price target for MGIC

Based on 1 analyst offering 12 month price targets for Magic Software Enterprises Ltd.
Min Forecast
$14.00+25.56%
Avg Forecast
$14.00+25.56%
Max Forecast
$14.00+25.56%

Should I buy or sell MGIC stock?

Based on 1 analyst offering ratings for Magic Software Enterprises Ltd.
Strong Buy
Strong Buy
1 analysts 100%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MGIC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-14

1 of 1

Forecast return on equity

Is MGIC forecast to generate an efficient return?
Company
17.85%
Industry
32.64%
Market
32.8%
MGIC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MGIC forecast to generate an efficient return on assets?
Company
9.06%
Industry
11.22%
MGIC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MGIC earnings per share forecast

What is MGIC's earnings per share in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$0.95+30.14%
Avg 2 year Forecast
$0.99+35.62%
MGIC's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MGIC revenue forecast

What is MGIC's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$543.9M+3.93%
Avg 2 year Forecast
$563.0M+7.58%
MGIC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MGIC earnings growth forecast

How is MGIC forecast to perform vs Information Technology Services companies and vs the US market?
Company
30.14%
Industry
32.38%
Market
35.28%
MGIC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
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Forecast Earnings Growth vs Market Forecast
MGIC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MGIC revenue growth forecast

How is MGIC forecast to perform vs Information Technology Services companies and vs the US market?
Company
3.93%
Industry
0.97%
Market
14.96%
MGIC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MGIC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MGIC vs Information Technology Service Stocks

TickerPricePrice TargetUp/downsideConsensus
MGIC$11.15$14.00+25.56%Strong Buy
INOD$19.62$27.00+37.61%Strong Buy
CTLP$7.21$10.00+38.70%Strong Buy
VNET$2.18N/AN/A
HCKT$24.34$26.00+6.82%Buy

Magic Software Enterprises Stock Forecast FAQ

Is Magic Software Enterprises Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 1 Wall Street analyst covering (NASDAQ: MGIC) stock is to Strong Buy MGIC stock.

Out of 1 analyst, 1 (100%) are recommending MGIC as a Strong Buy, 0 (0%) are recommending MGIC as a Buy, 0 (0%) are recommending MGIC as a Hold, 0 (0%) are recommending MGIC as a Sell, and 0 (0%) are recommending MGIC as a Strong Sell.

If you're new to stock investing, here's how to buy Magic Software Enterprises stock.

What is MGIC's earnings growth forecast for 2024-2025?

(NASDAQ: MGIC) Magic Software Enterprises's forecast annual earnings growth rate of 30.14% is not forecast to beat the US Information Technology Services industry's average forecast earnings growth rate of 32.38%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 35.28%.

Magic Software Enterprises's earnings in 2024 is $35,720,000.On average, 1 Wall Street analyst forecast MGIC's earnings for 2024 to be $46,644,340, with the lowest MGIC earnings forecast at $46,644,340, and the highest MGIC earnings forecast at $46,644,340.

In 2025, MGIC is forecast to generate $48,608,312 in earnings, with the lowest earnings forecast at $48,608,312 and the highest earnings forecast at $48,608,312.

What is MGIC's revenue growth forecast for 2024-2025?

(NASDAQ: MGIC) Magic Software Enterprises's forecast annual revenue growth rate of 3.93% is forecast to beat the US Information Technology Services industry's average forecast revenue growth rate of 0.97%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.96%.

Magic Software Enterprises's revenue in 2024 is $523,332,000.On average, 1 Wall Street analysts forecast MGIC's revenue for 2024 to be $26,705,111,990, with the lowest MGIC revenue forecast at $26,705,111,990, and the highest MGIC revenue forecast at $26,705,111,990.

In 2025, MGIC is forecast to generate $27,642,908,715 in revenue, with the lowest revenue forecast at $27,642,908,715 and the highest revenue forecast at $27,642,908,715.

What is MGIC's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: MGIC) forecast ROA is 9.06%, which is lower than the forecast US Information Technology Services industry average of 11.22%.

What is MGIC's Price Target?

According to 1 Wall Street analyst that have issued a 1 year MGIC price target, the average MGIC price target is $14.00, with the highest MGIC stock price forecast at $14.00 and the lowest MGIC stock price forecast at $14.00.

The Wall Street analyst predicted that Magic Software Enterprises's share price could reach $14.00 by Mar 14, 2025. The average Magic Software Enterprises stock price prediction forecasts a potential upside of 25.56% from the current MGIC share price of $11.15.

What is MGIC's Earnings Per Share (EPS) forecast for 2024-2025?

(NASDAQ: MGIC) Magic Software Enterprises's current Earnings Per Share (EPS) is $0.73. On average, analysts forecast that MGIC's EPS will be $0.95 for 2024, with the lowest EPS forecast at $0.95, and the highest EPS forecast at $0.95. In 2025, MGIC's EPS is forecast to hit $0.99 (min: $0.99, max: $0.99).

What is MGIC's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: MGIC) forecast ROE is 17.85%, which is considered weak.
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