MTG Price Prediction Next Week
Analysis and Insights
Technical Analysis:
MTG's stock price is currently testing the lower end of its recent range, with a closing price of 24.06. The Fibonacci pivot point is at 23.21, with resistance levels at 23.90 and 24.32, and support levels at 22.51 and 22.09. This suggests that the stock is approaching a critical support zone.
Valuation Analysis:
MTG is trading at a discount to the insurance industry average, with a price-to-book ratio of 1.13X. The stock has a potential upside of 20.3% based on analyst price targets.
Sentiment and Analyst Ratings:
Analysts have a mixed outlook on MTG, with some raising their estimates for 2025 and 2026. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $2.73, indicating a 6.2% year-over-year decrease.
Conclusion:
Based on the analysis, MTG is expected to trade around $22.50 in the next trading week. The recommendation is to sell, as the stock is likely to face downward pressure due to sectoral headwinds and bearish technical indicators.
MTG Similar Chart Price Prediction
The price of MTG is predicted to go up -18.26%, based on the high correlation periods with THO. The similarity of these two price pattern on the periods is 96.81%.
MTG
THO
Down: -18.26%Similarity: 96.81%
MTG Revenue Forecast
MTG EPS Forecast
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MTG Analyst's Forecast
Giuliano Bologna
Compass Point
Strong Buy → Hold
2025-02-05
Price Target
$24 → $27
Upside
+5.8%
Compass Point downgraded MGIC Investment to Neutral from Buy with a price target of $27, up from $24.
Bose George
Keefe, Bruyette & Woods
Buy → Hold
2024-12-10
Price Target
$29
Upside
+16.89%
Mihir Bhatia
B of A Securities
Strong Buy → Sell
2024-12-09
Price Target
$26 → $25
Upside
+1.5%
