Magic Software Enterprises Ltd. (MGIC) Social Stream



Magic Software Enterprises Ltd. (MGIC): $10.83

0.63 (-5.50%)

POWR Rating

Component Grades

Momentum

C

Stability

B

Sentiment

Quality

B

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Industry: Software - Application

Industry

C

Ranked

#11 of 136

in industry

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.

What is the outlook for MGIC? Use POWR Ratings for clearer insight into price direction.


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