Magic Software Enterprises Ltd
NASDAQ:MGIC

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Magic Software Enterprises Ltd
NASDAQ:MGIC
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Price: 20.09 USD -14.11% Market Closed
Market Cap: $986.4m

Wall Street
Price Targets

MGIC Price Targets Summary
Magic Software Enterprises Ltd

Wall Street analysts forecast MGIC stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MGIC is 18.36 USD with a low forecast of 18.18 USD and a high forecast of 18.9 USD.

Lowest
Price Target
18.18 USD
10% Downside
Average
Price Target
18.36 USD
9% Downside
Highest
Price Target
18.9 USD
6% Downside
Magic Software Enterprises Ltd Competitors:
Price Targets
ALM
ALM Equity AB
172% Upside
RDN
Radian Group Inc
18% Upside

Revenue
Forecast

13% / Year
Past Growth
8% / Year
Estimated Growth
Estimates Accuracy
-1%
Average Miss
13% / Year
Past Growth
8% / Year
Estimated Growth
Estimates Accuracy
-1%
Average Miss

For the last 13 years the compound annual growth rate for Magic Software Enterprises Ltd's revenue is 13%. The projected CAGR for the next 3 years is 8%.

Operating Income
Forecast

12% / Year
Past Growth
16% / Year
Estimated Growth
Estimates Accuracy
-20%
Average Miss
12% / Year
Past Growth
16% / Year
Estimated Growth
Estimates Accuracy
-20%
Average Miss

For the last 13 years the compound annual growth rate for Magic Software Enterprises Ltd's operating income is 12%. The projected CAGR for the next 3 years is 16%.

Net Income
Forecast

7% / Year
Past Growth
19% / Year
Estimated Growth
Estimates Accuracy
-32%
Average Miss
7% / Year
Past Growth
19% / Year
Estimated Growth
Estimates Accuracy
-32%
Average Miss

For the last 13 years the compound annual growth rate for Magic Software Enterprises Ltd's net income is 7%. The projected CAGR for the next 3 years is 19%.

Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MGIC's stock price target?
Price Target
18.36 USD

According to Wall Street analysts, the average 1-year price target for MGIC is 18.36 USD with a low forecast of 18.18 USD and a high forecast of 18.9 USD.

What is Magic Software Enterprises Ltd's Revenue forecast?
Projected CAGR
8%

For the last 13 years the compound annual growth rate for Magic Software Enterprises Ltd's revenue is 13%. The projected CAGR for the next 3 years is 8%.

What is Magic Software Enterprises Ltd's Operating Income forecast?
Projected CAGR
16%

For the last 13 years the compound annual growth rate for Magic Software Enterprises Ltd's operating income is 12%. The projected CAGR for the next 3 years is 16%.

What is Magic Software Enterprises Ltd's Net Income forecast?
Projected CAGR
19%

For the last 13 years the compound annual growth rate for Magic Software Enterprises Ltd's net income is 7%. The projected CAGR for the next 3 years is 19%.

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