Magic Software Enterprises Ltd. (MGIC) Social Stream
MAGIC SOFTWARE ENTERPRISES LTD (MGIC) Price Targets From Analysts
Use the tables below to see what analysts covering MAGIC SOFTWARE ENTERPRISES LTD think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-08-13 | 2 | $22 | $22 | $22 | $9.76 | 125.41% |
| 2023-03-10 | 2 | $23 | $23 | $23 | $9.76 | 135.66% |
| 2023-08-15 | 2 | $18 | $18 | $18 | $9.76 | 84.43% |
| 2023-11-15 | 2 | $13 | $13 | $13 | $9.76 | 33.2% |
| NA | 1 | $NA | $NA | $NA | $9.76 | NA% |
The Trend in the Analyst Price Target
MGIC's average price target has moved down $7 over the prior 28 months.
Over the past 36 weeks, MGIC's average upside potential has been 56.1%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-03-10 | 1 | 23 | 23 | 23 | 14.200 | 61.97% |
| 2023-03-10 | 2 | 23 | 23 | 23 | 14.200 | 61.97% |
| 2023-08-15 | 2 | 18 | 18 | 18 | 12.185 | 47.72% |
| 2023-11-15 | 2 | 13 | 13 | 13 | 8.510 | 52.76% |
MGIC Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1 | 2 | 0 | 0 | 0 | 0 | 2 |
The Trend in the Broker Recommendations
MGIC's average broker recommendation rating improved by 0 over the prior 92 days.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- MAGIC SOFTWARE ENTERPRISES LTD's number of analysts covering the stock is higher than 11.28% of all US stocks.
- MGIC has a lower variance in analysts' estimates than just about 100% of all US stocks.
- MGIC has a higher average analyst price target than 108.94% of Technology stocks.
- MGIC has a greater upside potential (average analyst target price relative to current price) than 378.86% of Business Services stocks.
Stocks similar to MAGIC SOFTWARE ENTERPRISES LTD in the Business Services industry regarding analyst recommendations and price targets are PDFS, EGAN, and AWRE.
View All Top Stocks by Price Target
What is the outlook for MGIC? Use POWR Ratings for clearer insight into price direction.