5 Best Electric Vehicle Supply Chain Stocks to Invest In

4. Magna International Inc. (NYSE:MGA)

On May 4, 2026, TD Securities analyst Brian Morrison raised the firm’s price target on Magna International Inc. (NYSE:MGA) to $76 from $75 while maintaining a Buy rating on the shares. The firm described the company’s Q1 results as solid and said Magna appears positioned to achieve the mid-to-high end of its guidance range. TD Securities also viewed the post-earnings share price weakness as a buying opportunity.

On May 1, 2026, Magna International Inc. (NYSE:MGA) reported Q1 adjusted EPS of $1.38, versus the consensus estimate of $1.01. Revenue totaled $10.38B, versus the consensus estimate of $10.27B. The company said it delivered a strong start to 2026 through disciplined execution, margin expansion, and strong free cash flow generation. Magna International Inc. (NYSE:MGA) also said recent portfolio refinement actions, including announced dispositions within its Power & Vision segment, support its focus on long-term value creation. The company added that its priorities remain centered on margin expansion, free cash flow generation, and shareholder returns while operating in a dynamic global environment.

The company reaffirmed its FY26 adjusted EPS outlook of $6.25-$7.25, versus the consensus estimate of $6.70, and raised its FY26 revenue outlook to $41.9B-$43.5B from $41.5B-$43.1B. Consensus estimate stands at $42.42B. Magna International Inc. (NYSE:MGA) also maintained its FY26 adjusted EBIT margin outlook of 6%-6.6% and capital expenditure outlook of $1.5B-$1.6B.

Magna International Inc. (NYSE:MGA) operates as an automotive supplier across North America, Europe, the Asia Pacific, and other international markets.