MGA.N Surges as 5-Day SMA Crossed Amid Expansion News
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 Nov 25
Source: Coinmarketcap
Shares of MGA.N experienced a notable uptick today, crossing above the 5-day simple moving average (SMA) as investor sentiment improved. This technical breakout comes on the heels of a significant collaboration announcement between GAC and Magna International, which aims to bolster electric vehicle production in Europe with the assembly of the AION V SUV at Magna's Graz facility. The partnership is expected to enhance GAC's market penetration in Europe while leveraging Magna's extensive manufacturing expertise. As GAC seeks to expand its presence and avoid EU tariffs on Chinese imports, this strategic move is likely to positively influence future sales and operational efficiency.
Analyst Views on MGA
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
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
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.
