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Asset logo for symbol MGA
Magna International
MGA72
$42.22arrow_drop_up2.27%$0.93
Asset logo for symbol MGA
MGA72

$42.22

arrow_drop_up2.27%

Analyst Forecast

Period: Next 12 Months

Analyst Ratings

Magna International (MGA) Stocklytics Forecast

According to market analysts and experts, Magna International Inc (MGA) has a positive stock price forecast for the upcoming years. The company is expected to experience growth and generate good returns for its investors. In particular, the stock price forecast for 2023 looks promising. There are several factors contributing to this optimistic outlook. First and foremost, Magna International Inc is known for its strong performance in the automotive industry. The company is a leading global supplier of advanced technology and systems to automobile manufacturers. With its innovative solutions and high-quality products, Magna International Inc is well-positioned to capitalize on the growing demand for electric vehicles and autonomous driving technology.
Furthermore, Magna International Inc has a solid financial position, which supports its future growth prospects. The company has a strong balance sheet and consistently generates high levels of revenue and profits. This financial stability provides investors with confidence in the company's ability to deliver positive stock price performance. Additionally, Magna International Inc has a track record of strategic acquisitions and partnerships, which further enhances its growth potential. By expanding its product portfolio and global presence, the company is able to tap into new markets and diversify its revenue streams. This strategic approach strengthens its competitive position and could contribute to future stock price appreciation.
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Frequently Asked Questions

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What is the analyst price prediction for Magna International (MGA) stock?

Analysts have set a target price of $61.14 for Magna International (MGA), based on forecasts from 22 analysts. The predicted price range extends from a high of $77 to a low of $48. This represents a potential increase of up to 82.38% and a decrease of 13.69% from the current price of $42.22. These forecasts are as of 2023 Jul 11.
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What are the analyst ratings for Magna International (MGA) stock?

The analyst ratings for Magna International (MGA) are distributed as follows: 8 analysts recommend buying, 12 have a neutral stance, and 1 suggest selling. The prevailing sentiment among the total of 21 analysts leans towards a neutral rating. These ratings indicate the general sentiment among the analysts covering Magna International .
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What is the AI price prediction for Magna International (MGA) stock?

At present, there is no AI or machine-learning-based price prediction available for Magna International (MGA) stock. The lack of a forecast could stem from various factors, such as inadequate data or the necessity for model recalibration.

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