Methode Electronics, Inc. (MEI)
NYSE: MEI · Real-Time Price · USD
6.43
+0.05 (0.78%)
Apr 1, 2025, 3:47 PM EDT - Market open

Methode Electronics Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Methode Electronics stock have an average target of 11.67, with a low estimate of 9.00 and a high estimate of 14. The average target predicts an increase of 81.49% from the current stock price of 6.43.

Analyst Consensus: Buy
Target Low Average Median High
Price $9.00 $11.67 $12 $14
Change +39.97% +81.49% +86.63% +117.73%

Analyst Ratings

The average analyst rating for Methode Electronics stock from 3 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 Oct '24Nov '24Dec '24Jan '25Feb '25Mar '25
Strong Buy 000011
Buy 000000
Hold 333322
Sell 000000
Strong Sell 000000
Total 333333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Baird
Baird
Hold
Maintains
$14$9
Hold Maintains $14$9 +39.97% Mar 7, 2025
Sidoti & Co.
Sidoti & Co.
Strong Buy
Upgrades
$14
Strong Buy Upgrades $14 +117.73% Feb 25, 2025
Baird
Baird
Hold
Maintains
$13$16
Hold Maintains $13$16 +148.83% Dec 6, 2024
Baird
Baird
Hold
Maintains
$15$13
Hold Maintains $15$13 +102.18% Sep 6, 2024
Jefferies
Jefferies
Hold
Initiates
$12
Hold Initiates $12 +86.63% Apr 9, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
1.11B
from 1.11B
Decreased by -0.22%
Revenue Next Year
1.17B
from 1.11B
Increased by 5.40%
EPS This Year
-0.34
from -3.48
EPS Next Year
0.60
from -0.34
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
1.02B1.09B1.16B1.18B1.11B1.11B1.17B1.34B
Revenue Growth
2.36%6.26%6.95%1.38%-5.52%-0.22%5.40%13.91%
EPS
3.263.192.702.10-3.48-0.340.601.06
EPS Growth
34.16%-2.15%-15.36%-22.22%---77.97%
Forward PE
------10.796.06
No. Analysts -----333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202520262027
High 1.2B 1.3B 1.4B
Avg 1.1B 1.2B 1.3B
Low 1.1B 1.1B 1.3B

Revenue Growth

Revenue Growth 202520262027
High
5.3%
13.0%
18.4%
Avg
-0.2%
5.4%
13.9%
Low
-5.3%
-0.8%
10.6%

EPS Forecast

EPS 202520262027
High -0.35 0.70 1.27
Avg -0.34 0.60 1.06
Low -0.33 0.50 0.87

EPS Growth

EPS Growth 202520262027
High - -
113.2%
Avg - -
78.0%
Low - -
46.4%
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.