Barclays analyst Tavy Rosner raised the firm’s price target on Magic Software (MGIC) to $16 from $15 and keeps an Overweight rating on the shares. The company reported a solid quarter and improving outlook but the “main event” is the merger proposal with Matrix, the analyst tells investors in a research note.
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Read More on MGIC:
- Magic Software Reports Strong 2024 Financial Results
- Magic Software’s Earnings Call Highlights Growth and Strategic Merger
- Magic Software intends to merge with Matrix, go private
- Magic Software downgraded to Market Perform from Outperform at William Blair
- Magic Software Reports Strong Q4 and 2024 Financial Results