MGIC is no longer listed. Its last trade on record was Mar 3, 2026. The price and figures on this page are from its last trading day and final filings, and are no longer updated.
MGIC trades 6.4% below Wall Street's consensus target of $18.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MGIC achieves its forward estimates and maintains a stable P/E multiple of 15.0x. This scenario reflects the blended consensus of 6 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Magic Software Enterprises Ltd. (MGIC) has a Wall Street consensus price target of $18.50, based on estimates from 6 covering analysts.
Analyst price targets range from a low of $15.00 to a high of $22.00, representing a 38% spread in expectations. The median target of $18.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 2 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, MGIC trades at a forward P/E of 15.0x. The forward PEG ratio of 0.63 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +42.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $22.95, with bear and bull scenarios of $14.46 and $30.24 respectively. Model confidence stands at 39/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PEGAPegasystems Inc. | $5.3B | $32.40 | $37.00 | +14.2% | Buy | 15.6x | 24 |
 APPNAppian Corporation | $3.8B | $51.60 | $40.67 | -21.2% | Hold | 47.6x | 19 |
 AGYSAgilysys, Inc. | $3.4B | $121.09 | $134.50 | +11.1% | Buy | 73.6x | 9 |
 PCTYPaylocity Holding Corporation | $9.3B | $173.15 | $167.10 | -3.5% | Buy | 21.4x | 41 |
 MSFTMicrosoft Corporation | $3.9T | $530.61 | $611.74 | +15.3% | Buy | 26.5x | 83 |
 NOWServiceNow, Inc. | $105.4B | $101.97 | $163.78 | +60.6% | Buy | 25.8x | 70 |
 MNDYmonday.com Ltd. | $3.7B | $87.93 | $109.62 | +24.7% | Buy | 15.8x | 26 |
 ASANAsana, Inc. | $2.5B | $10.61 | $9.50 | -10.5% | Hold | 28.4x | 20 |
 ORCLOracle Corporation | $333.8B | $116.05 | $230.19 | +98.4% | Buy | 14.3x | 87 |
 SAPSAP SE | $272.0B | $233.45 | $352.17 | +50.9% | Buy | 32.8x | 43 |
Quick answers to the most common questions about buying MGIC stock.
The consensus price target for MGIC is $18.5, close to the current price of $N/A (6.4% implied move). Based on 6 analyst estimates, the stock appears fairly valued near current levels.
MGIC has a consensus rating of "Buy" based on 6 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $18.5 implies 6.4% upside from current levels.
With a forward P/E of 14.9828x, MGIC trades at a relatively low valuation. The consensus target of $18.5 implies 6.4% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $22 for MGIC, while the most conservative target is $15. The consensus of $18.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $30 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MGIC is moderately covered, with 6 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 2 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MGIC stock forecast based on 6 Wall Street analysts shows a consensus price target of $18.5, with estimates ranging from $15 (bear case) to $22 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $23, with bear/bull scenarios of $14/$30.
Our quantitative valuation model calculates MGIC's fair value at $23 (base case), with a bear case of $14 and bull case of $30. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 39/100.
MGIC trades at a forward P/E ratio of 15.0x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
MGIC appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $18.5 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MGIC analyst price targets range from $15 to $22, a 38% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $18.5 consensus represents the middle ground. Our model's $14-$30 range provides an independent fundamental perspective.
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