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
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 '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
Buy | 1 | 2 | 2 | 2 | 1 | 1 |
Hold | 0 | 0 | 0 | 0 | 2 | 2 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 4 | 5 | 5 | 5 | 6 | 6 |
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 | Buy → Hold Downgrades $48 → $29 | Buy → 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 | Strong Buy → Hold Downgrades $52 → $29 | Strong Buy → Hold | Downgrades | $52 → $29 | +66.19% | Nov 6, 2024 |
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
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | 766.5M | 842.8M | 980.7M | |||
Avg | 708.9M | 779.5M | 886.8M | |||
Low | 679.0M | 733.0M | 805.6M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | 22.8% | 18.9% | 25.8% | |||
Avg | 13.6% | 10.0% | 13.8% | |||
Low | 8.8% | 3.4% | 3.3% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | -0.75 | 1.48 | -0.17 |
Avg | -1.27 | 0.01 | -0.16 |
Low | -1.51 | -1.06 | -0.16 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
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.