RBC Boosts Price Target on MGIC Investment to $32.00

Royal Bank of Canada increased its price target for MGIC Investment (NYSE:MTG) from $28.00 to $32.00, suggesting a potential upside of 6.78% from the company's current price.

Analysts at Royal Bank of Canada currently have a 'sector perform' rating on MTG stock. Other firms also weighed in on MGIC Investment, with Keefe, Bruyette & Woods raising its target to $30.00 and Roth Capital reaffirming a 'buy' rating with a price target of $35.00.

Despite the optimistic forecasts from some analysts, there are varying opinions on MTG stock, with two analysts having given it a 'Buy' rating and four holding a 'Hold' rating.