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Magic Software (MGIC) is expected to rise significantly due to its high dividend yield and undervaluation, but it is unlikely to outperform the market over the long term.
Magic's low-code development and Industry 4.0 solutions position it well for digital transformation trends despite risks from industry competition and dependency on key clients.
Magic's resilient FCF, conservative growth forecasts, and current undervaluation present a buying opportunity, projecting a stock price of $16.11 by December 2025, implying a 35% CAGR.