Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
74.25
-0.54 (-0.72%)
Oct 31, 2024, 4:00 PM EDT - Market closed

Agree Realty Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Agree Realty stock have an average target of 73.96, with a low estimate of 62 and a high estimate of 80. The average target predicts a decrease of -0.39% from the current stock price of 74.25.

Analyst Consensus: Buy
Target Low Average Median High
Price $62 $73.96 $76 $80
Change -16.50% -0.39% +2.36% +7.74%

Analyst Ratings

The average analyst rating for Agree Realty stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 332443
Buy 455557
Hold 444443
Sell 000000
Strong Sell 000000
Total 111211131313

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Truist Securities
Truist Securities
Strong Buy
Maintains
$77$80
Strong Buy Maintains $77$80 +7.74% Oct 30, 2024
Baird
Baird
Buy
Maintains
$67$76
Buy Maintains $67$76 +2.36% Oct 29, 2024
RBC Capital
RBC Capital
Buy
Maintains
$79$80
Buy Maintains $79$80 +7.74% Oct 24, 2024
UBS
UBS
Hold
Maintains
$72$77
Hold Maintains $72$77 +3.70% Oct 16, 2024
Keybanc
Keybanc
Buy
Maintains
$68$80
Buy Maintains $68$80 +7.74% Oct 4, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
603.61M
Revenue Next Year
651.09M
from 603.61M
Increased by 7.87%
EPS This Year
1.81
from 1.70
Increased by 6.43%
EPS Next Year
1.85
from 1.81
Increased by 2.31%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
-----603.61M651.09M725.16M
Revenue Growth
36.72%32.59%36.51%26.67%25.05%-7.87%11.38%
EPS
1.931.741.781.831.701.811.851.97
EPS Growth
8.43%-9.84%2.30%2.81%-7.10%6.43%2.31%6.61%
Forward PE
-----41.0440.1137.62
No. Analysts -----996
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 650.1M 726.6M 849.8M
Avg 603.6M 651.1M 725.2M
Low 530.8M 553.7M 596.1M

Revenue Growth

Revenue Growth 20242025202620272028
High -
20.4%
30.5%
Avg -
7.9%
11.4%
Low -
-8.3%
-8.4%

EPS Forecast

EPS 20242025202620272028
High 1.95 2.14 2.38
Avg 1.81 1.85 1.97
Low 1.60 1.61 1.66

EPS Growth

EPS Growth 20242025202620272028
High
14.9%
18.4%
28.8%
Avg
6.4%
2.3%
6.6%
Low
-6.0%
-11.2%
-10.5%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.