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NYSE: MTG
Mgic Investment Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MTG

Based on 5 analysts offering 12 month price targets for Mgic Investment Corp.
Min Forecast
$18.50-9.67%
Avg Forecast
$21.30+4%
Max Forecast
$24.00+17.19%

Should I buy or sell MTG stock?

Based on 5 analysts offering ratings for Mgic Investment Corp.
Hold
Strong Buy
1 analysts 20%
Buy
0 analysts 0%
Hold
4 analysts 80%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their MTG stock forecasts and price targets.

MTG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-04
lockedlocked$00.00+00.00%2024-02-02
lockedlocked$00.00+00.00%2024-02-02
lockedlocked$00.00+00.00%2023-12-06
lockedlocked$00.00+00.00%2023-11-15

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Forecast return on equity

Is MTG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
19.19%

Forecast return on assets

Is MTG forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

MTG revenue forecast

What is MTG's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$1.2B+7.16%
Avg 2 year Forecast
$1.3B+12.12%
Avg 3 year Forecast
$1.4B+17.19%
MTG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MTG earnings growth forecast

How is MTG forecast to perform vs Insurance - Specialty companies and vs the US market?
Company
30.12%
Industry
61.08%
Market
28.14%
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MTG revenue growth forecast

How is MTG forecast to perform vs Insurance - Specialty companies and vs the US market?
Company
5.9%
Industry
10.04%
Market
9.08%
MTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MTG vs Specialty Insurance Stocks

TickerPricePrice TargetUp/downsideConsensus
MTG$20.48$21.30+4.00%Hold
FAF$54.22$62.67+15.58%Buy
ESNT$53.98$59.40+10.04%Buy
AXS$60.64$72.33+19.28%Hold
ACT$29.95$31.75+6.01%Buy
View Top Specialty Insurance Stocks

Mgic Investment Stock Forecast FAQ

Is Mgic Investment Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: MTG) stock is to Hold MTG stock.

Out of 5 analysts, 1 (20%) are recommending MTG as a Strong Buy, 0 (0%) are recommending MTG as a Buy, 4 (80%) are recommending MTG as a Hold, 0 (0%) are recommending MTG as a Sell, and 0 (0%) are recommending MTG as a Strong Sell.

If you're new to stock investing, here's how to buy Mgic Investment stock.

What is MTG's revenue growth forecast for 2024-2026?

(NYSE: MTG) Mgic Investment's forecast annual revenue growth rate of 5.9% is not forecast to beat the US Insurance - Specialty industry's average forecast revenue growth rate of 10.04%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.08%.

Mgic Investment's revenue in 2024 is $1,155,102,000.On average, 2 Wall Street analysts forecast MTG's revenue for 2024 to be $333,799,810,509, with the lowest MTG revenue forecast at $332,502,699,411, and the highest MTG revenue forecast at $335,096,921,608. On average, 2 Wall Street analysts forecast MTG's revenue for 2025 to be $349,264,017,563, with the lowest MTG revenue forecast at $348,844,681,231, and the highest MTG revenue forecast at $349,683,353,896.

In 2026, MTG is forecast to generate $365,030,254,645 in revenue, with the lowest revenue forecast at $365,030,254,645 and the highest revenue forecast at $365,030,254,645.

What is MTG's forecast return on assets (ROA) for 2024-2026?

(NYSE: MTG) forecast ROA is N/A, which is lower than the forecast US Insurance - Specialty industry average of N/A.

What is MTG's Price Target?

According to 5 Wall Street analysts that have issued a 1 year MTG price target, the average MTG price target is $21.30, with the highest MTG stock price forecast at $24.00 and the lowest MTG stock price forecast at $18.50.

On average, Wall Street analysts predict that Mgic Investment's share price could reach $21.30 by Apr 4, 2025. The average Mgic Investment stock price prediction forecasts a potential upside of 4% from the current MTG share price of $20.48.

What is MTG's forecast return on equity (ROE) for 2024-2026?

(NYSE: MTG) forecast ROE is N/A, which is considered weak.
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