The Middleby Corporation (MIDD)
NASDAQ: MIDD · IEX Real-Time Price · USD
120.90
+1.50 (1.26%)
Jul 2, 2024, 4:00 PM EDT - Market closed
The Middleby Corporation Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for MIDD stock have an average target of 157.25, with a low estimate of 118 and a high estimate of 184. The average target predicts an increase of 30.07% from the current stock price of 120.90.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 22, 2024.
Analyst Ratings
The average analyst rating for MIDD stock from 9 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 5 | 5 |
| Buy | 4 | 3 | 3 | 3 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 9 | 9 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jun 28, 2024 |
| JP Morgan | JP Morgan | Hold → Sell Downgrades $145 → $118 | Hold → Sell | Downgrades | $145 → $118 | -2.40% | May 22, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $166 → $159 | Strong Buy | Maintains | $166 → $159 | +31.51% | May 9, 2024 |
| Seaport Global | Seaport Global | Strong Buy Maintains $175 → $184 | Strong Buy | Maintains | $175 → $184 | +52.19% | Mar 18, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 → $166 | Strong Buy | Maintains | $164 → $166 | +37.30% | Feb 21, 2024 |
Financial Forecast
Revenue This Year
4.10B
from 4.04B
Increased by 1.67%
Revenue Next Year
4.24B
from 4.10B
Increased by 3.41%
EPS This Year
10.03
from 7.41
Increased by 35.29%
EPS Next Year
11.04
from 10.03
Increased by 10.12%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.3B | 4.5B | 4.6B | 4.7B |
| Avg | 4.1B | 4.2B | 4.4B | 4.6B |
| Low | 3.9B | 3.9B | 4.2B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 6.2% | 9.0% | 8.0% | 7.1% |
| Avg | 1.7% | 3.4% | 4.5% | 4.0% |
| Low | -3.9% | -6.1% | -0.0% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.82 | 11.97 | 12.49 | 13.61 |
| Avg | 10.03 | 11.04 | 12.12 | 13.22 |
| Low | 9.03 | 8.96 | 11.63 | 12.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 46.0% | 19.4% | 13.2% | 12.3% |
| Avg | 35.3% | 10.1% | 9.8% | 9.1% |
| Low | 21.8% | -10.7% | 5.4% | 4.8% |
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.