Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Magic ( (MGIC) ) has issued an announcement.
On May 21, 2025, Magic Software Enterprises Ltd. announced its financial results for the first quarter ending March 31, 2025, reporting a 12.7% increase in revenues to $147.3 million compared to the same period last year. The company also saw a 9.1% rise in operating income and a 7.7% increase in net income attributable to shareholders. Despite a decrease in cash flow from operating activities, Magic Software maintained a strong cash position and reiterated its annual revenue guidance, reflecting confidence in its strategic growth initiatives and market conditions. The company’s CEO highlighted robust demand for its services, particularly in the defense sector, and expressed optimism about sustainable long-term value generation for stakeholders.
The most recent analyst rating on (MGIC) stock is a Buy with a $15.00 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 stock is supported by strong financial performance and a strategic merger that enhances growth prospects. Technical indicators show positive trends, though caution is advised due to overbought signals. Valuation is fair, with an attractive dividend yield. The earnings call underscores strategic growth initiatives, despite some regional growth challenges.
To see Spark’s full report on MGIC stock, click here.
More about Magic
Magic Software Enterprises Ltd. is a global provider specializing in IT consulting services and end-to-end integration and application development platform solutions. The company focuses on innovative digital, artificial intelligence, and cloud transformation solutions, with a strong presence in the Israeli market and growing operations in the United States.
Average Trading Volume: 75,321
Technical Sentiment Signal: Buy
Current Market Cap: $793M
See more insights into MGIC stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue