Montrose Environmental Group, Inc. (MEG)
NYSE: MEG · Real-Time Price · USD
17.94
+1.48 (8.99%)
Nov 20, 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 38.67, with a low estimate of 29 and a high estimate of 51. The average target predicts an increase of 115.55% from the current stock price of 17.94.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 2 | 2 | 2 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 5 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades $48 → $29 | Buy → Hold | Downgrades | $48 → $29 | +61.65% | Nov 8, 2024 |
| Needham | Needham | Strong Buy Maintains $54 → $44 | Strong Buy | Maintains | $54 → $44 | +145.26% | Nov 8, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $52 → $29 | Strong Buy → Hold | Downgrades | $52 → $29 | +61.65% | Nov 6, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +201.00% | Oct 16, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +201.00% | Oct 3, 2024 |
Financial Forecast
Revenue This Year
713.93M
from 624.21M
Increased by 14.37%
Revenue Next Year
783.43M
from 713.93M
Increased by 9.73%
EPS This Year
-1.00
from -1.57
EPS Next Year
0.18
from -1.00
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 766.5M | 831.6M | 980.7M | ||
| Avg | 713.9M | 783.4M | 886.8M | ||
| Low | 679.0M | 749.3M | 805.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.8% | 16.5% | 25.2% | ||
| Avg | 14.4% | 9.7% | 13.2% | ||
| Low | 8.8% | 5.0% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.75 | 1.67 | -0.17 |
| Avg | -1.00 | 0.18 | -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.