In This Article:
Barclays raised the firm’s price target on Magic Software (MGIC) to $15 from $14 and keeps an Overweight rating on the shares. The company reported 10% year-over-year revenue growth, higher than consensus estimates, the analyst tells investors in a research note. The firm says Magic’s strong sales performance despite the fact that North America remains weak illustrates the company’s diversified offering.
Don't Miss our Black Friday Offers:
-
Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
-
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MGIC: