Magic Software Enterprises Ltd (MGIC) Receives a Buy from H.C. Wainwright

H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Magic Software Enterprises Ltd (MGICResearch Report) today and set a price target of $10. The company’s shares closed last Monday at $8.95.

According to TipRanks.com, Dede ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.3% and a 32.4% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, 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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The company has a one-year high of $10.20 and a one-year low of $7.29. Currently, Magic Software Enterprises Ltd has an average volume of 14.81K.

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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.