The Middleby Corporation (MIDD)
NASDAQ: MIDD · Real-Time Price · USD
137.33
+3.19 (2.37%)
Nov 5, 2024, 3:49 PM EST - Market open
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 15.06% from the current stock price of 137.33.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 4 | 4 | 3 |
| Buy | 2 | 2 | 3 | 3 | 3 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 9 | 9 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 → $155 | Strong Buy | Maintains | $164 → $155 | +12.87% | Nov 1, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 | Strong Buy | Maintains | $164 | +19.42% | Sep 13, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 | Strong Buy | Maintains | $164 | +19.42% | Aug 30, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $118 → $120 | Sell | Maintains | $118 → $120 | -12.62% | Aug 2, 2024 |
| Baird | Baird | Buy Maintains $155 → $169 | Buy | Maintains | $155 → $169 | +23.07% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
4.05B
from 4.04B
Increased by 0.31%
Revenue Next Year
4.19B
from 4.05B
Increased by 3.48%
EPS This Year
9.75
from 7.41
Increased by 31.57%
EPS Next Year
10.64
from 9.75
Increased by 9.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.2B | 4.4B | 4.5B | |
| Avg | 4.0B | 4.2B | 4.3B | |
| Low | 3.8B | 3.9B | 4.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.0% | 7.8% | 7.9% | |
| Avg | 0.3% | 3.5% | 3.5% | |
| Low | -4.7% | -2.7% | -1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.46 | 11.48 | 12.50 | |
| Avg | 9.75 | 10.64 | 11.49 | |
| Low | 9.14 | 9.26 | 9.84 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 41.1% | 17.7% | 17.4% | |
| Avg | 31.6% | 9.2% | 7.9% | |
| Low | 23.4% | -5.0% | -7.6% |
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.