Montrose Environmental Group, Inc. (MEG)
NYSE: MEG · Real-Time Price · USD
26.56
+0.35 (1.34%)
Nov 5, 2024, 11:12 AM EST - Market open
MEG Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for MEG stock have an average target of 46.2, with a low estimate of 36 and a high estimate of 54. The average target predicts an increase of 73.95% from the current stock price of 26.56.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MEG stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +103.31% | Oct 16, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +103.31% | Oct 3, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $43 | Buy | Initiates | $43 | +61.90% | Aug 14, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +103.31% | Aug 8, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +103.31% | Jul 15, 2024 |
Financial Forecast
Revenue This Year
719.84M
from 624.21M
Increased by 15.32%
Revenue Next Year
792.70M
from 719.84M
Increased by 10.12%
EPS This Year
-1.00
from -1.57
EPS Next Year
-0.38
from -1.00
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 766.5M | 842.8M | 980.7M | ||
| Avg | 719.8M | 792.7M | 886.8M | ||
| Low | 687.2M | 758.3M | 805.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.8% | 17.1% | 23.7% | ||
| Avg | 15.3% | 10.1% | 11.9% | ||
| Low | 10.1% | 5.3% | 1.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.75 | 0.12 | -0.17 |
| Avg | -1.00 | -0.38 | -0.16 |
| Low | -1.19 | -0.70 | -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.