Agree Realty Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Agree Realty stock have an average target of 65.5, with a low estimate of 60 and a high estimate of 71. The average target predicts an increase of 5.94% from the current stock price of 61.83.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$60	$65.5	$64	$71
Change	-2.96%	+5.94%	+3.51%	+14.83%

Analyst Ratings

The average analyst rating for Agree Realty stock from 11 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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	3	3	3	3	3	2
Buy	3	4	4	4	4	5
Hold	3	3	3	3	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	10	10	10	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Upal Rana Keybanc	Keybanc	Buy Initiates $68	Buy	Initiates	$68	+9.98%	Jun 12, 2024
Michael Goldsmith UBS	UBS	Hold Initiates $60	Hold	Initiates	$60	-2.96%	May 31, 2024
Haendel St. Juste Mizuho	Mizuho	Hold Maintains $60 → $62	Hold	Maintains	$60 → $62	+0.27%	May 10, 2024
Haendel St. Juste Mizuho	Mizuho	Hold Maintains $65 → $60	Hold	Maintains	$65 → $60	-2.96%	Mar 7, 2024
Ki Bin Kim Truist Securities	Truist Securities	Strong Buy Maintains $70 → $68	Strong Buy	Maintains	$70 → $68	+9.98%	Feb 27, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

599.24M

from 537.50M

11.49%

from 537.50M

Revenue Next Year

640.12M

from 599.24M

6.82%

from 599.24M

EPS This Year

1.83

from 1.70

7.39%

from 1.70

EPS Next Year

1.94

from 1.83

6.44%

from 1.83

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	187.48M	248.57M	339.32M	429.81M	537.50M	599.24M	640.12M	677.37M	859.21M	944.15M
Revenue Growth	36.72%	32.59%	36.51%	26.67%	25.05%	11.49%	6.82%	5.82%	26.85%	9.89%
EPS	1.93	1.74	1.78	1.83	1.70	1.83	1.94	2.04	2.07	2.10
EPS Growth	8.43%	-9.84%	2.30%	2.81%	-7.10%	7.39%	6.44%	4.82%	1.65%	1.46%
Forward PE	-	-	-	-	-	33.87	31.82	30.36	29.86	29.43
No. Analysts	-	-	-	-	-	9	9	6	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	652.7M	718.9M	790.8M	986.8M	981.5M
Avg	599.2M	640.1M	677.4M	859.2M	944.2M
Low	527.7M	549.4M	587.3M	753.6M	916.1M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	21.4%	20.0%	23.5%	45.7%	14.2%
Avg	11.5%	6.8%	5.8%	26.8%	9.9%
Low	-1.8%	-8.3%	-8.3%	11.3%	6.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.95	2.14	2.31	2.15	2.18
Avg	1.83	1.94	2.04	2.07	2.10
Low	1.71	1.78	1.86	2.01	2.04

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	14.9%	17.3%	18.9%	5.7%	5.5%
Avg	7.4%	6.4%	4.8%	1.7%	1.5%
Low	0.8%	-2.3%	-4.2%	-1.4%	-1.6%

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.