Magna International Inc's stock rose by 3.02% as it reached a 52-week high. This positive movement aligns with broader market strength, with the Nasdaq-100 up 0.60% and the S&P 500 up 0.41%.
The surge is attributed to Magna's expanded collaboration with NVIDIA, which aims to enhance system integration and validation services for autonomous driving technologies. This strategic partnership will allow Magna to leverage NVIDIA's AI computing power to support various levels of autonomous driving systems, thereby strengthening its competitive position in the automotive industry.
This collaboration not only positions Magna as a leader in the rapidly evolving software-defined vehicle market but also reflects the growing demand for advanced automotive technologies. The partnership is expected to drive future innovations and improve market responsiveness for OEMs.
Wall Street analysts forecast MGA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MGA is 52.80 USD with a low forecast of 48.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast MGA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MGA is 52.80 USD with a low forecast of 48.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
8 Hold
0 Sell
Moderate Buy
Current: 52.310
Low
48.00
Averages
52.80
High
58.00
Current: 52.310
Low
48.00
Averages
52.80
High
58.00
Scotiabank
Jonathan Goldman
Sector Perform
maintain
$52 -> $57
2026-01-27
New
Reason
Scotiabank
Jonathan Goldman
Price Target
$52 -> $57
AI Analysis
2026-01-27
New
maintain
Sector Perform
Reason
Scotiabank analyst Jonathan Goldman raised the firm's price target on Magna to $57 from $52 and keeps a Sector Perform rating on the shares. The firm notes that tariffs have increased vehicle production costs, which could soon start getting passed on to consumers or suppliers in 2026, the analyst tells investors. Scotiabank sees downside to production volumes, which the firm notes is the main determining factor of supplier earnings.
Barclays
Dan Levy
Equal Weight
maintain
$52 -> $58
2026-01-23
Reason
Barclays
Dan Levy
Price Target
$52 -> $58
2026-01-23
maintain
Equal Weight
Reason
Barclays analyst Dan Levy raised the firm's price target on Magna to $58 from $52 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the autos and mobility group as part of a Q4 preview. Barclays continue to prefer the car markers, saying they are benefiting from "healthy" production rates and reduced electric vehicle losses.
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Evercore ISI
In Line
maintain
$47 -> $52
2025-11-24
Reason
Evercore ISI
Price Target
$47 -> $52
2025-11-24
maintain
In Line
Reason
Evercore ISI raised the firm's price target on Magna to $52 from $47 and keeps an In Line rating on the shares. The firm, which adjusts its auto sector targets to 2027 methodologies, contends that the sector shows promise due to the "K-economy" and replacement demand. The firm sees 20%-plus upside for the auto sector in the next year, driven by a shift from "25 Fears" to "27 Outlooks," the analyst added.
Citi
Michael Ward
Neutral
maintain
$49 -> $55
2025-11-14
Reason
Citi
Michael Ward
Price Target
$49 -> $55
2025-11-14
maintain
Neutral
Reason
Citi analyst Michael Ward raised the firm's price target on Magna to $55 from $49 and keeps a Neutral rating on the shares.
About MGA
Magna International Inc. is a Canada-based mobility technology company. The Company is a supplier in automotive space, specializing in body and chassis, all-wheel drive/front-wheel-drive, transmissions, latches, mirrors and contract vehicle assembly. Its segments include Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles. The Company's major product portfolio includes seating, mechatronics, electronics, body & chassis exteriors, mirrors, lighting, powertrain, and complete vehicle. Its products include battery enclosures, body-in-white solutions, chassis systems, ADAS and automated driving, control modules, active aerodynamics, exterior systems and modules, lighting, mechatronics, mirrors, electrified powertrain products, complete vehicle engineering and others. Its global network includes approximately 341 manufacturing operations and 106 product development, engineering and sales centers spanning 28 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
