StoneX Initiates Coverage On Magna International with Buy Rating, Announces Price Target of $80

Magna International: 3 Key Takeaways for Long-Term Investors

Magna International reported an 11% increase in adjusted EBIT despite a 4% decline in sales, driven by operational efficiency and cost controls. The company expanded EBIT margins by 90 basis points to 6.8% and generated strong free cash flow of $950 million in Q3 2026. Management authorized a new share buyback program for 25.8 million shares and is expanding into new markets including autonomous vehicle upfitting for Waymo and EV assembly for Chinese manufacturers.

Global EV Components Market Size, Share, Trends, and Forecast, 2026-2036 | $1.28 Trillion Opportunity Driven by 800-Volt Systems, Solid-State Batteries, and Power Electronics

The global EV Components market is estimated at USD 486.4 billion in 2026 and projected to reach USD 1.28 trillion by 2036, expanding at a 10.2% CAGR. Growth is driven by rapid EV adoption, declining battery costs, 800-volt electrical architectures, and solid-state battery development. Battery systems remain the largest component category, while power electronics are expected to record the fastest growth. Asia-Pacific leads the market, with Europe expected to register the fastest regional growth.

Morgan Stanley Maintains Equal-Weight on Magna International, Lowers Price Target to $68

Morgan Stanley analyst Adam Jonas maintains Magna International (NYSE:MGA) with a Equal-Weight and lowers the price target from $69 to $68.

RBC Capital Maintains Sector Perform on Magna International, Lowers Price Target to $68

RBC Capital analyst Tom Narayan maintains Magna International (NYSE:MGA) with a Sector Perform and lowers the price target from $69 to $68.

Barclays Maintains Equal-Weight on Magna International, Raises Price Target to $70

This Netflix Analyst Turns Bearish; Here Are Top 5 Downgrades For Friday

Analysts downgraded Magna, Franklin BSP, and more revising price targets for several.