Magna International Inc (MGA) shares have surpassed the average analyst 12-month target price of $65.28, trading at $67.68 as of recent sessions. Analysts are faced with two options regarding their recommendations: downgrade due to valuation or adjust their price targets higher.
Out of 13 analysts, predictions vary significantly; one has set a target as low as $42.63 while another aims for $73.00. The standard deviation amongst these targets is $7.976. Currently, there are 5 Strong Buy ratings, 2 Buy ratings, 7 Hold ratings, and 1 Strong Sell rating, with an overall average rating of 2.3 on a scale where 1 is Strong Buy and 5 is Strong Sell.
