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William Blair downgrades Magic (MGIC) to a Hold

Tipranks - Tipranks - Tue Mar 11, 2025

Magic (MGIC – Research Report) received a Hold rating and price target from William Blair analyst Maggie Nolan today. The company’s shares opened today at $13.88.

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Nolan covers the Technology sector, focusing on stocks such as CSG Systems International, Grid Dynamics Holdings, and Exlservice Holdings. According to TipRanks, Nolan has an average return of -0.6% and a 44.12% success rate on recommended stocks.

The analyst consensus on Magic is currently a Hold rating.

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Based on Magic’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $142.97 million and a net profit of $8.43 million. In comparison, last year the company earned a revenue of $129.48 million and had a net profit of $7.15 million

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