Montrose Environmental Group, Inc. (MEG)
NYSE: MEG · Real-Time Price · USD
17.45
-0.20 (-1.13%)
Dec 27, 2024, 4:00 PM EST - Market closed

MEG Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for MEG stock have an average target of 35.67, with a low estimate of 29 and a high estimate of 43. The average target predicts an increase of 104.41% from the current stock price of 17.45.

Analyst Consensus: Buy
Target Low Average Median High
Price $29 $35.67 $38 $43
Change +66.19% +104.41% +117.77% +146.42%

Analyst Ratings

The average analyst rating for MEG stock from 6 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 '24Aug '24Sep '24Oct '24Nov '24Dec '24
Strong Buy 333333
Buy 122211
Hold 000022
Sell 000000
Strong Sell 000000
Total 455566

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Needham
Needham
Strong Buy
Maintains
$44$39
Strong Buy Maintains $44$39 +123.50% Dec 19, 2024
Stifel
Stifel
Strong Buy
Maintains
$41$38
Strong Buy Maintains $41$38 +117.77% Dec 11, 2024
JP Morgan
JP Morgan
Hold
Downgrades
$48$29
Hold Downgrades $48$29 +66.19% Nov 8, 2024
Needham
Needham
Strong Buy
Maintains
$54$44
Strong Buy Maintains $54$44 +152.15% Nov 8, 2024
B of A Securities
B of A Securities
Hold
Downgrades
$52$29
Hold Downgrades $52$29 +66.19% Nov 6, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
708.91M
from 624.21M
Increased by 13.57%
Revenue Next Year
779.52M
from 708.91M
Increased by 9.96%
EPS This Year
-1.27
from -1.57
EPS Next Year
0.01
from -1.27
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
233.85M328.24M546.41M544.42M624.21M708.91M779.52M886.78M
Revenue Growth
23.86%40.36%66.47%-0.37%14.66%13.57%9.96%13.76%
EPS
-4.91-6.48-1.56-1.62-1.57-1.270.01-0.16
EPS Growth
--------
Forward PE
------2,032.62-
No. Analysts -----982
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026202720282029
High 766.5M842.8M980.7M
Avg 708.9M779.5M886.8M
Low 679.0M733.0M805.6M

Revenue Growth

Revenue Growth 202420252026202720282029
High
22.8%
18.9%
25.8%
Avg
13.6%
10.0%
13.8%
Low
8.8%
3.4%
3.3%

EPS Forecast

EPS 202420252026
High -0.751.48-0.17
Avg -1.270.01-0.16
Low -1.51-1.06-0.16

EPS Growth

EPS Growth 202420252026
High ---
Avg ---
Low ---
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.