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
Target Low Average Median High
Price $137 $162.11 $160 $184
Change -14.80% +0.82% -0.49% +14.43%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333445
Buy 444433
Hold 111111
Sell 000000
Strong Sell 000000
Total 888989

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
More Analyst Ratings

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%
Year 201920202021202220232024202520262027
Revenue
2.96B2.51B3.25B4.03B4.04B4.21B4.37B4.51B4.58B
Revenue Growth
8.69%-15.08%29.35%24.06%0.09%4.22%3.83%3.25%1.44%
EPS
6.333.768.627.957.4110.4811.4412.3013.58
EPS Growth
11.05%-40.60%129.26%-7.77%-6.79%41.40%9.17%7.51%10.40%
No. Analysts -----101043
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
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 2024202520262027
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 2024202520262027
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 2024202520262027
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.