MTD Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for MTD stock have an average target of 1,301, with a low estimate of 1,100 and a high estimate of 1,510. The average target predicts a decrease of -3.20% from the current stock price of 1,344.26.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$1,100	$1,301	$1,300	$1,510
Change	-18.17%	-3.20%	-3.29%	+12.33%

Analyst Ratings

The average analyst rating for MTD stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	5	5	5	4	4	4
Sell	0	0	0	0	1	1
Strong Sell	1	1	1	1	1	1
Total	8	8	8	7	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Sykes Goldman Sachs	Goldman Sachs	Hold Maintains $1,150 → $1,300	Hold	Maintains	$1,150 → $1,300	-3.29%	Jul 9, 2024
Vijay Kumar Evercore ISI Group	Evercore ISI Group	Hold Maintains $1,375 → $1,390	Hold	Maintains	$1,375 → $1,390	+3.40%	Jul 2, 2024
Tycho Peterson Jefferies	Jefferies	Hold → Sell Initiates $1,230 → $1,250	Hold → Sell	Initiates	$1,230 → $1,250	-7.01%	Jun 3, 2024
Patrick Donnelly Citigroup	Citigroup	Strong Sell Maintains $975 → $1,200	Strong Sell	Maintains	$975 → $1,200	-10.73%	May 13, 2024
Daniel Arias Stifel	Stifel	Strong Buy Maintains $1,270 → $1,510	Strong Buy	Maintains	$1,270 → $1,510	+12.33%	May 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.88B

from 3.79B

2.29%

from 3.79B

Revenue Next Year

4.08B

from 3.88B

5.37%

from 3.88B

EPS This Year

40.63

from 35.90

13.17%

from 35.90

EPS Next Year

45.11

from 40.63

11.02%

from 40.63

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	3.01B	3.09B	3.72B	3.92B	3.79B	3.88B	4.08B	4.30B	4.44B	4.68B
Revenue Growth	2.49%	2.54%	20.51%	5.43%	-3.35%	2.29%	5.37%	5.29%	3.30%	5.31%
EPS	22.47	24.91	32.78	38.41	35.90	40.63	45.11	49.83	56.75	63.68
EPS Growth	13.03%	10.86%	31.59%	17.18%	-6.53%	13.17%	11.02%	10.48%	13.87%	12.21%
Forward PE	-	-	-	-	-	33.09	29.80	26.97	23.69	21.11
No. Analysts	-	-	-	-	-	15	15	10	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.1B	4.3B	4.5B	4.6B	4.9B
Avg	3.9B	4.1B	4.3B	4.4B	4.7B
Low	3.7B	3.9B	4.1B	4.3B	4.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.5%	11.1%	11.2%	7.4%	9.5%
Avg	2.3%	5.4%	5.3%	3.3%	5.3%
Low	-1.2%	0.1%	-0.1%	0.3%	2.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	42.79	48.44	54.46	59.75	66.81
Avg	40.63	45.11	49.83	56.75	63.68
Low	39.19	42.52	46.54	54.36	61.21

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	19.2%	19.2%	20.7%	19.9%	17.7%
Avg	13.2%	11.0%	10.5%	13.9%	12.2%
Low	9.2%	4.6%	3.2%	9.1%	7.9%

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.