Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
70.17
+0.73 (1.05%)
Dec 20, 2024, 4:00 PM EST - Market closed
Agree Realty Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Agree Realty stock have an average target of 78.25, with a low estimate of 69 and a high estimate of 88. The average target predicts an increase of 11.51% from the current stock price of 70.17.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Agree Realty stock from 15 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 4 | 4 | 3 | 3 | 4 |
| Buy | 5 | 5 | 5 | 7 | 7 | 7 |
| Hold | 4 | 4 | 4 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 13 | 13 | 13 | 13 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Sell Initiates $76 | Sell | Initiates | $76 | +8.31% | Dec 17, 2024 |
| JMP Securities | JMP Securities | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Dec 17, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $82 | Buy | Initiates | $82 | +16.86% | Dec 12, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $88 | Strong Buy | Initiates | $88 | +25.41% | Dec 11, 2024 |
| BTIG | BTIG | Strong Buy Maintains $74 → $78 | Strong Buy | Maintains | $74 → $78 | +11.16% | Nov 27, 2024 |
Financial Forecast
Revenue This Year
606.09M
Revenue Next Year
661.59M
from 606.09M
Increased by 9.16%
EPS This Year
1.82
from 1.70
Increased by 6.94%
EPS Next Year
1.85
from 1.82
Increased by 2.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 647.2M | 747.8M | 855.9M | |||
| Avg | 606.1M | 661.6M | 754.6M | |||
| Low | 530.0M | 568.0M | 611.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 23.4% | 29.4% | |||
| Avg | - | 9.2% | 14.1% | |||
| Low | - | -6.3% | -7.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 1.95 | 2.14 | 2.28 | |||
| Avg | 1.82 | 1.85 | 1.89 | |||
| Low | 1.71 | 1.62 | 1.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 14.9% | 17.8% | 22.9% | |||
| Avg | 6.9% | 2.0% | 2.0% | |||
| Low | 0.9% | -11.1% | -16.5% |
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.