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An announcement from Magic ( (MGIC) ) is now available.
On February 24, 2026, Magic Software Enterprises reported that it had received the official merger certificate for its reverse triangular merger with Matrix I.T Ltd., completing the transaction the same day and making Magic a wholly owned, private subsidiary of Matrix. Trading in Magic’s ordinary shares was halted on Nasdaq and the Tel Aviv Stock Exchange on February 23–24, 2026, with suspension and delisting to follow, and eligible shareholders are to receive Matrix shares at a fixed exchange ratio of 0.5878202 Matrix shares for each Magic share, with settlement routed via TASE members, IBI, or other custodians depending on how they previously held their Magic shares.
The most recent analyst rating on (MGIC) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Magic stock, see the MGIC Stock Forecast page.
Spark’s Take on MGIC Stock
According to Spark, TipRanks’ AI Analyst, MGIC is a Outperform.
Magic’s overall stock score reflects strong financial performance and positive technical indicators, which are slightly offset by a high valuation. The company’s consistent revenue growth and solid cash flow management are significant strengths, while the high P/E ratio suggests potential overvaluation. The absence of earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on MGIC stock, click here.
More about Magic
Magic Software Enterprises Ltd. is an Israel-based software company whose shares have been listed on Nasdaq and the Tel Aviv Stock Exchange. The company operates in the information technology and software solutions sector and has served both international and domestic markets as a publicly traded issuer subject to U.S. securities regulation.
Average Trading Volume: 36,814
Technical Sentiment Signal: Hold
Current Market Cap: $874.5M
For detailed information about MGIC stock, go to TipRanks’ Stock Analysis page.