The Middleby Corporation (MIDD)
NASDAQ: MIDD · Real-Time Price · USD
134.72
+2.00 (1.51%)
Dec 20, 2024, 4:00 PM EST - Market closed
The Middleby Corporation Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for MIDD stock have an average target of 158, with a low estimate of 120 and a high estimate of 184. The average target predicts an increase of 17.28% from the current stock price of 134.72.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MIDD stock from 7 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 4 | 4 | 3 | 2 |
| Buy | 2 | 3 | 3 | 3 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 9 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $155 | Strong Buy | Maintains | $155 | +15.05% | Dec 20, 2024 |
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $170 → $160 | Strong Buy → Hold | Downgrades | $170 → $160 | +18.76% | Dec 12, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 → $155 | Strong Buy | Maintains | $164 → $155 | +15.05% | Nov 1, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 | Strong Buy | Maintains | $164 | +21.73% | Sep 13, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 | Strong Buy | Maintains | $164 | +21.73% | Aug 30, 2024 |
Financial Forecast
Revenue This Year
3.94B
from 4.04B
Decreased by -2.52%
Revenue Next Year
4.07B
from 3.94B
Increased by 3.46%
EPS This Year
9.32
from 7.41
Increased by 25.74%
EPS Next Year
10.13
from 9.32
Increased by 8.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.1B | 4.2B | 4.4B | |
| Avg | 3.9B | 4.1B | 4.3B | |
| Low | 3.8B | 3.8B | 4.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.4% | 7.2% | 7.7% | |
| Avg | -2.5% | 3.5% | 4.4% | |
| Low | -6.4% | -2.5% | -0.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 9.74 | 10.95 | 11.93 | |
| Avg | 9.32 | 10.13 | 10.97 | |
| Low | 8.79 | 8.72 | 9.12 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 31.5% | 17.5% | 17.8% | |
| Avg | 25.7% | 8.7% | 8.3% | |
| Low | 18.6% | -6.4% | -9.9% |
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.