Magic Software Enterprises (MGIC)
$11.09
Magic Software Enterprises (MGIC) Share Price Forecast
Currently 8 wall-street analysts regularly analyze the financials of Magic Software Enterprises on a frequent basis to provide recommendations along with target share price. 8 analysts offering 12-month price forecasts for Magic Software Enterprises (MGIC) have a share price target of $18. This median of share price forecast represents a 62.31% upside from the latest price of $11.09 as on 26.09.23.
Magic Software Enterprises (MGIC) Price vs Consensus Price Target
Price
Target Price
As per the chart shown above, analysts believe that the Magic Software Enterprises (MGIC) share price will touch around $18 in next 12-months.
Magic Software Enterprises (MGIC) Share Price Forecast v/s Share Price Today
Below is a chart showing the percentage difference between Magic Software Enterprises's share price and its median forecast price. As on 26.09.23, the difference is -34.78%
Magic Software Enterprises (MGIC): Difference between Current Price & Median Forecasted Price
Difference in Percentage terms
Magic Software Enterprises (MGIC) Share Price : Analyst Recommendation
Based on 8 analysts tracking and researching Magic Software Enterprises (MGIC) share have buy recommendation on an average.
| 3M Ago | 1M Ago | Current | |
| Buy | 4 | 4 | 4 |
| Outperform | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 |
| Underperform | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 |
Magic Software Enterprises (MGIC) Share Price Technical Analysis
50 Day Moving Average v/s Current Share Price
Moving Average
Price
200 Day Moving Average v/s Current Share Price
Moving Average
Price
FAQs
The latest share price target for Magic Software Enterprises (MGIC) is $18, offered by 8 analysts offering 12-month price forecasts.
Magic Software Enterprises (MGIC) has a maximum of 0.62 upside potential, based on 8 analysts offering 12-month price forecasts.
Based on 8 analysts tracking and researching Magic Software Enterprises (MGIC), 87.5% have a buy recommendation. Remaining 12.5% have either sell or hold recommendations.
The latest share price of Magic Software Enterprises (MGIC) is $11.09 as of 26/09/2023.
7 of total 8 analysts offering stock ratings for Magic Software Enterprises MGIC have recommended buy rating.
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