Analyst Ratings Coverage
STA Research’s (Rank#97) initiation of coverage on Magic Empire Global’s stock with a $5 target and speculative buy rating indicates that they believe the stock has the potential to outperform the market and generate a positive return for investors.
The $5 target suggests that STA Research sees significant upside potential in the stock, as it is currently trading at a lower price. However, it is important to note that this is a “Speculative Buy” rating, which means that there is a higher level of risk involved in investing in this stock compared to a more conservative buy rating.
Investors should carefully consider the risks associated with this rating before making any investment decisions. It is also worth noting that the speculative nature of this rating may make the stock more volatile, as investors react to news and events that could impact the company’s performance.
STA Research’s initiation of coverage on Magic Empire Global’s stock with a “Speculative Buy” rating and $5 target highlights the potential for significant upside in the stock, while acknowledging it’s risk exposure with no fundamental basis to back the stock currently.
MEGL Stock Forecast & Analysis
Based on the Magic Empire Global Limited stock forecast from 1 analyst, the average analyst target price for Magic Empire Global Limited is USD 5.00 over the next 12 months. This implies a significant upside potential from the current stock price of USD 0.93. Magic Empire Global Limited’s average analyst rating is Strong Buy, indicating that the company is expected to perform well in the future.
Stock Target Advisor’s own stock analysis of Magic Empire Global Limited is Bearish, which is based on 1 positive signal and 7 negative signals. The negative signals may include factors such as decreasing revenue, increasing debt, or negative earnings per share. Therefore, investors should approach Magic Empire Global Limited with caution and conduct their own thorough research before making any investment decisions.
At the last closing, Magic Empire Global Limited’s stock price was USD 0.93. The stock price has changed by -25.76% over the past week, indicating high volatility in the short term. Additionally, the stock price has decreased by -42.00% over the past month, indicating that the company may be facing some challenges. However, over the last year, the stock price has remained stable with no change.
Investors should always be aware of the risks associated with investing in stocks, especially in companies with limited analyst coverage and low market capitalization like Magic Empire Global Limited. It is recommended to consult with a financial advisor before making any investment decisions.