Methode Electronics, Inc. (MEI)

Methode Electronics Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Methode Electronics stock have an average target of 12.5, with a low estimate of 12 and a high estimate of 13. The average target predicts an increase of 19.39% from the current stock price of 10.47.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$12	$12.5	$13	$13
Change	+14.61%	+19.39%	+24.16%	+24.16%

* Price targets were last updated on Sep 6, 2024.

Analyst Ratings

The average analyst rating for MEI stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Luke Junk Baird	Baird	Hold Maintains $15 → $13	Hold	Maintains	$15 → $13	+24.16%	Sep 6, 2024
Saree Boroditsky Jefferies	Jefferies	Hold Initiates $12	Hold	Initiates	$12	+14.61%	Apr 9, 2024
John Franzreb Sidoti & Co.	Sidoti & Co.	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Mar 7, 2024
Luke Junk Baird	Baird	Hold Maintains $49 → $42	Hold	Maintains	$49 → $42	+301.15%	Jun 13, 2023
Christopher Howe Barrington Research	Barrington Research	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	May 25, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

1.10B

Decreased by -1.39%

from 1.11B

Revenue Next Year

1.16B

Increased by 5.73%

from 1.10B

EPS This Year

-0.36

from -3.48

EPS Next Year

0.82

from -0.36

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	May 2, 2020	May 1, 2021	Apr 30, 2022	Apr 29, 2023	Apr 27, 2024	Apr 27, 2025	Apr 27, 2026	Apr 27, 2027
Revenue	1.02B	1.09B	1.16B	1.18B	1.11B	1.10B	1.16B	1.30B
Revenue Growth	2.36%	6.26%	6.95%	1.38%	-5.52%	-1.39%	5.73%	11.53%
EPS	3.26	3.19	2.70	2.10	-3.48	-0.36	0.82	1.75
EPS Growth	34.16%	-2.15%	-15.36%	-22.22%	-	-	-	111.84%
Forward PE	-	-	-	-	-	-	12.69	5.99
No. Analysts	-	-	-	-	-	4	4	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	1.2B	1.2B	1.3B
Avg	1.1B	1.2B	1.3B
Low	1.1B	1.1B	1.3B

Revenue Growth

Revenue Growth	2025	2026	2027
High	4.6%	11.3%	16.0%
Avg	-1.4%	5.7%	11.5%
Low	-5.4%	0.4%	8.3%

EPS Forecast

EPS	2025	2026	2027
High	-0.33	1.03	1.82
Avg	-0.36	0.82	1.75
Low	-0.40	0.72	1.70

EPS Growth

EPS Growth	2025	2026	2027
High	-	-	120.2%
Avg	-	-	111.8%
Low	-	-	105.5%

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.