Magnet Forensics Inc (MAGT.CA) Forecast, Price Target & Analyst Ratings

Name: Magnet Forensics Inc (MAGT.CA) Analyst Consensus Rating
Brand: Magnet Forensics Inc
Rating: 7.5 (11 reviews)

TSX:MAGT • CA55940P1018

44.24 CAD

0 (0%)

Last: Apr 11, 2023, 07:00 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Magnet Forensics Inc (MAGT.CA).

Consensus Price Target

Price Target

CA$47.68

+ 7.77% Upside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: N/A
Period: Q1 / 2023
EPS Estimate: $0.05
Revenue Estimate: 27.907M

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

76.36%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

CA$47.68

Upside

+ 7.77%

From current price of CA$44.24 to mean target of CA$47.68, Based on 11 analyst forecasts

Low

CA$44.69

Median

CA$45.14

High

CA$62.17

Price Target Revisions

1 Month

0.77%

3 Months

7.56%

Price Target Summary

11 Wall Street analysts provided a forecast for the next 12 months for MAGT.CA. The average price target is 47.68 CAD. This implies a price increase of 7.77% is expected in the next year compared to the current price of 44.24.

The average price target has been revised upward by 7.56% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

76.36%

MAGT.CA was analyzed by 11 analysts. The buy percentage consensus is at 76. So analysts seem to be have mildly positive about MAGT.CA.

In the previous month the buy percentage consensus was at a similar level.

MAGT.CA was analyzed by 11 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2022-12-12	CIBC Capital Markets	Upgrade	Outperform
2022-11-10	Stifel Nicolaus Research	Downgrade
2022-11-10	RBC Royalbank	Upgrade	Outperform
2022-11-10	Eight Capital	Upgrade
2022-11-09	CIBC Capital Markets	Maintains	Outperform
2022-10-19	Stifel Nicolaus Research	Initiate	Buy
2022-09-22	Eight Capital	Initiate	Buy
2022-08-10	CIBC Capital Markets	Maintains	Outperform
2022-06-14	CIBC Capital Markets	Downgrade	Outperform
2022-05-06	RBC Royalbank	Downgrade	Outperform
2022-05-06	BMO Financial	Downgrade	Outperform
2022-05-05	CIBC Capital Markets	Maintains	Outperform
2022-03-11	RBC Royalbank	Downgrade	Outperform
2022-03-11	BMO Financial	Downgrade	Outperform
2022-03-11	CIBC Capital Markets	Upgrade	Outperform
2022-02-03	CIBC Capital Markets	Initiate	Outperform
2021-11-11	NationalBankFinancials	Maintains	Outperform
2021-11-10	NationalBankFinancial	Upgrade
2021-11-10	RBCRoyalBank	Upgrade	Outperform
2021-08-11	National Bank Financial	Upgrade	Neutral
2021-07-23	National Bank Financial	Initiate	Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date: N/A
Period: Q1 / 2023
EPS Estimate: $0.05
Revenue Estimate: 27.907M
Revenue Q2Q: 41.02%
EPS Q2Q: 355.00%
Number of Analysts: 6

Next Earnings Revisions

Revenue (1 Month)

4.80%

Revenue (3 Months)

4.80%

EPS (1 Month)

233.33%

EPS (3 Months)

233.33%

Next Earnings Summary

The next earnings revenue estimate has been revised upward by 4.8% in the past 3 months.

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2023 - 2024

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2020	2021	2022	2023	2024
Revenue YoY % growth	51.23M 32.55%	70.29M 37.20%	98.934M 40.75%	128.72M 30.11%	162.23M 26.03%
EBITDA YoY % growth	14.16M 314.04%	13.81M -2.47%	8.964M -35.09%	26.01M 190.16%	38.374M 47.54%
EBIT YoY % growth	12.24M 607.51%	11.56M -5.56%	5.543M -52.05%	13.289M 139.74%	23.769M 78.86%
Operating Margin	23.89%	16.45%	5.60%	10.32%	14.65%
EPS YoY % growth	N/A	N/A	0.08 -72.77%	0.29 287.60%	0.43 47.37%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q1 / 23	Q2 / 23	Q3 / 23	Q4 / 23	Q1 / 24	Q2 / 24	Q3 / 24	Q4 / 24
EPS Q2Q % growth	0.05 355.00%	0.05 371.98%	0.07 129.50%	0.09 11.00%	0.07 40.00%	0.09 68.76%	0.10 48.15%	0.13 40.54%
Revenue Q2Q % growth	27.907M 41.02%	31.303M 35.22%	33.587M 34.40%	40.014M 29.04%	36.312M 30.12%	41.106M 31.32%	43.758M 30.28%	53.04M 32.55%
EBITDA Q2Q % growth	5.709M 3,668.13%	6.325M 3,853.13%	7.125M 47.52%	8.685M -4.44%	7.344M 28.64%	8.874M 40.30%	9.588M 34.57%	12.036M 38.58%
EBIT Q2Q % growth	3.242M 448.60%	3.635M 343.96%	4.247M 85.46%	5.354M -5.54%	4.692M 44.73%	6.12M 68.36%	6.834M 60.91%	9.18M 71.46%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

N/A

EPS Next 5 Year

N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

N/A

Revenue Next 5 Year

N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

N/A

EBIT Next 5 Year

N/A

→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

Magnet Forensics Inc / MAGT.CA Forecast FAQ

What is the average price target for Magnet Forensics Inc (MAGT.CA) stock?

11 analysts have analysed MAGT.CA and the average price target is 47.68 CAD. This implies a price increase of 7.77% is expected in the next year compared to the current price of 44.24.

What are the consensus estimates for MAGT stock next earnings?

The consensus EPS estimate for the next earnings of Magnet Forensics Inc (MAGT.CA) is 0.05 CAD and the consensus revenue estimate is 27.91M CAD.

Can you provide the analyst count for Magnet Forensics Inc stock?

The number of analysts covering Magnet Forensics Inc (MAGT.CA) is 11.

Analyst forecast overview

Forecast Snapshot