Magna International

MGA · TORONTO

$63.97−$0.75 (−1.16%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $64.72

MGA analyst rating

HoldConsensus of 15 analysts over the last 12 months. 27% rate it a buy.

Strong buy0
Buy4
Hold10
Underperform0
Sell1

12-month price target · 10 analysts

Average $50.52 (−21.0% downside)

Low: $39.58
Now: $63.97
High: $60.22

Upgrades and downgrades

The latest rating actions, newest first

MGA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
CIBC	Oct 21, 2026	Downgrade	Outperformer → Neutral	$78.00 → $70.00	0%
Morgan Stanley	Oct 15, 2026	Maintains	Equal-Weight	$69.00 → $68.00	54%
RBC Capital	Oct 12, 2026	Maintains	Sector Perform	$69.00 → $68.00	51%
Barclays	Oct 9, 2026	Maintains	Equal-Weight	$68.00 → $70.00	39%
BMO Capital	Sep 18, 2026	Downgrade	Outperform → Market Perform	$76.00 → $70.00	81%
JP Morgan	Sep 15, 2026	Downgrade	Overweight → Neutral	$77.00 → $72.00	48%
StoneX	Sep 9, 2026	Initiates	Buy	$80.00	—
Morgan Stanley	Aug 18, 2026	Maintains	Equal-Weight	$65.00 → $69.00	54%
JP Morgan	Aug 10, 2026	Maintains	Overweight	$70.00 → $77.00	48%
Barclays	Aug 7, 2026	Maintains	Equal-Weight	$66.00 → $68.00	39%

The case for and against

Updated Apr 17, 2026

Bull case

Magna International's operational efficiencies and recovery from tariff impacts are expected to drive EBIT margins from 5.7% in 2021 to approximately 8% by 2024, indicating a positive trend in profitability. The company's strategic focus on high-margin areas such as Advanced Driver Assistance Systems (ADAS) and new product launches is anticipated to further enhance margins in 2026, supported by successful research and development initiatives. With a robust balance sheet and a significant portion of revenue derived from top clients, Magna is well-positioned to capitalize on organic and inorganic growth opportunities in the evolving automotive market.

Bear case

Magna International faces several fundamental challenges that contribute to a negative outlook for its stock. The automotive supplier is heavily reliant on a concentrated customer base, with its top six customers accounting for nearly 76% of its revenue, exposing it to significant risks associated with customer dependence and pricing pressures. Furthermore, the potential for lower-than-expected revenue and EBITDA margin pressures, combined with cyclical industry dynamics and increased competition, raises concerns regarding the company's overall growth and profitability prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.