Montrose Environmental Group, Inc. (MEG)
NYSE: MEG · IEX Real-Time Price · USD
41.39
+0.09 (0.22%)
Apr 24, 2024, 4:00 PM EDT - Market closed
MEG Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for MEG stock have an average target of 47, with a low estimate of 36 and a high estimate of 54. The average target predicts an increase of 13.55% from the current stock price of 41.39.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MEG stock from 4 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 3 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +30.47% | Apr 4, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $48 → $51 | Strong Buy | Reiterates | $48 → $51 | +23.22% | Apr 3, 2024 |
| Stifel | Stifel | Strong Buy Maintains $36 → $48 | Strong Buy | Maintains | $36 → $48 | +15.97% | Mar 1, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +30.47% | Mar 1, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $41 → $47 | Buy | Maintains | $41 → $47 | +13.55% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
713.07M
from 624.21M
Increased by 14.24%
Revenue Next Year
779.10M
from 713.07M
Increased by 9.26%
EPS This Year
-1.07
from -1.57
EPS Next Year
-0.12
from -1.07
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 750.8M | 847.1M | 980.7M |
| Avg | 713.1M | 779.1M | 886.8M |
| Low | 668.4M | 735.0M | 805.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 20.3% | 18.8% | 25.9% |
| Avg | 14.2% | 9.3% | 13.8% |
| Low | 7.1% | 3.1% | 3.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.65 | 1.87 | -0.17 |
| Avg | -1.07 | -0.12 | -0.16 |
| Low | -1.62 | -1.36 | -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.