H.C. Wainwright analyst Kevin Dede maintained a Buy rating on Magic Software Enterprises Ltd (NASDAQ: MGIC) today and set a price target of $10. The company’s shares closed yesterday at $8.80.
According to TipRanks.com, Dede has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.5% and a 32.2% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and Resonant.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magic Software Enterprises Ltd with a $10 average price target.
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Magic Software Enterprises Ltd’s market cap is currently $391.5M and has a P/E ratio of 24.44. The company has a Price to Book ratio of 1.87.
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Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. It operates through Software Services and IT Professional Services segments.
