The Middleby Corporation (MIDD)
NASDAQ: MIDD · IEX Real-Time Price · USD
160.79
+1.26 (0.79%)
Mar 28, 2024, 4:00 PM EDT - Market closed
The Middleby Corporation Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for MIDD stock have an average target of 162.11, with a low estimate of 137 and a high estimate of 184. The average target predicts an increase of 0.82% from the current stock price of 160.79.
Analyst Consensus: Strong Buy
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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 4 | 4 | 5 |
Buy | 4 | 4 | 4 | 4 | 3 | 3 |
Hold | 1 | 1 | 1 | 1 | 1 | 1 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 8 | 8 | 8 | 9 | 8 | 9 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Seaport Global | Seaport Global | Strong Buy Maintains $175 → $184 | Strong Buy | Maintains | $175 → $184 | +14.43% | Mar 18, 2024 |
Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $164 → $166 | Strong Buy | Maintains | $164 → $166 | +3.24% | Feb 21, 2024 |
Jefferies | Jefferies | Strong Buy Maintains $140 → $160 | Strong Buy | Maintains | $140 → $160 | -0.49% | Jan 11, 2024 |
Keybanc | Keybanc | Buy Maintains $160 → $152 | Buy | Maintains | $160 → $152 | -5.47% | Nov 9, 2023 |
Keybanc | Keybanc | Buy Maintains $180 → $160 | Buy | Maintains | $180 → $160 | -0.49% | Oct 25, 2023 |
Financial Forecast
Revenue This Year
4.21B
from 4.04B
Increased by 4.22%
Revenue Next Year
4.37B
from 4.21B
Increased by 3.83%
EPS This Year
10.48
from 7.41
Increased by 41.40%
EPS Next Year
11.44
from 10.48
Increased by 9.17%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 4.4B | 4.6B | 4.7B | 4.7B |
Avg | 4.2B | 4.4B | 4.5B | 4.6B |
Low | 4.0B | 4.1B | 4.3B | 4.4B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 8.8% | 9.1% | 6.5% | 4.4% |
Avg | 4.2% | 3.8% | 3.3% | 1.4% |
Low | -1.9% | -1.5% | -1.0% | -2.5% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 11.03 | 12.08 | 12.87 | 13.98 |
Avg | 10.48 | 11.44 | 12.30 | 13.58 |
Low | 9.85 | 10.66 | 11.62 | 13.04 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 48.8% | 15.2% | 12.5% | 13.6% |
Avg | 41.4% | 9.2% | 7.5% | 10.4% |
Low | 32.9% | 1.8% | 1.6% | 6.1% |
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.