Magic Software Enterprises Ltd. Analyst Rating Update

Wall Street analysts polled by Zacks Research have given Magic Software Enterprises Ltd. (NASDAQ:MGIC) a rating of 2 on a consensus basis. Using a simplified scale where 1 is a Strong Buy and 5 a Strong Sell, this is the average number of the 2 brokerages surveyed. The stock had a rating of 2 when analyst ratings were averaged three months ago. 

The covering analysts have a one year price objective of $7.5 on Magic Software Enterprises Ltd. (NASDAQ:MGIC). The most bullish brokerage firm sees the stock heading to $8 , while the most conservative estimate has an objective of $7.

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