Is Magnachip Semiconductor Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NYSE: MX) stock is to Buy MX stock.
Out of 2 analysts, 0 (0%) are recommending MX as a Strong Buy, 1 (50%) are recommending MX as a Buy, 1 (50%) are recommending MX as a Hold, 0 (0%) are recommending MX as a Sell, and 0 (0%) are recommending MX as a Strong Sell.
According to 2 Wall Street analysts that have issued a 1 year MX price target, the average MX price target is $31.50, with the highest MX stock price forecast at $50.00 and the lowest MX stock price forecast at $13.00.
On average, Wall Street analysts predict that Magnachip Semiconductor's share price could reach $31.50 by Feb 17, 2024. The average Magnachip Semiconductor stock price prediction forecasts a potential upside of 239.44% from the current MX share price of $9.28.
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