Meritage Homes Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Meritage Homes stock have an average target of 68.53, with a low estimate of 38.25 and a high estimate of 118. The average target predicts a decrease of -7.12% from the current stock price of 73.78.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$38.25	$68.53	$57.5	$118
Change	-48.16%	-7.12%	-22.07%	+59.93%

Analyst Ratings

The average analyst rating for Meritage Homes stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	0	0	0	0	2	2
Buy	4	4	3	3	3	3
Hold	2	2	3	4	3	3
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	8	8	8	9	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jade Rahmani Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $97 → $90	Hold	Maintains	$97 → $90	+21.98%	Feb 6, 2025
Susan Maklari Goldman Sachs	Goldman Sachs	Strong Buy Maintains $118 → $100	Strong Buy	Maintains	$118 → $100	+35.54%	Jan 14, 2025
John Lovallo UBS	UBS	Strong Buy Maintains $126 → $118	Strong Buy	Maintains	$126 → $118	+59.93%	Jan 8, 2025
Michael Rehaut JP Morgan	JP Morgan	Buy → Hold Downgrades $55 → $49	Buy → Hold	Downgrades	$55 → $49	-33.25%	Dec 13, 2024
Buck Horne Raymond James	Raymond James	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Nov 7, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.85B

from 6.40B

7.16%

from 6.40B

Revenue Next Year

7.39B

from 6.85B

7.79%

from 6.85B

EPS This Year

9.72

from 10.72

-9.31%

from 10.72

EPS Next Year

11.01

from 9.72

13.28%

from 9.72

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	4.50B	5.14B	6.29B	6.14B	6.40B	6.85B	7.39B	7.71B
Revenue Growth	22.75%	14.22%	22.39%	-2.45%	4.18%	7.16%	7.79%	4.30%
EPS	5.50	9.65	13.37	9.97	10.72	9.72	11.01	12.09
EPS Growth	71.34%	75.36%	38.62%	-25.47%	7.58%	-9.31%	13.28%	9.82%
Forward PE	-	-	-	-	-	7.59	6.70	6.10
No. Analysts	-	-	-	-	-	13	11	3

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

Revenue Forecast

Revenue	2025	2026	2027
High	7.3B	8.0B	8.0B
Avg	6.9B	7.4B	7.7B
Low	6.4B	6.8B	7.5B

Revenue Growth

Revenue Growth	2025	2026	2027
High	13.4%	16.1%	8.8%
Avg	7.2%	7.8%	4.3%
Low	0.1%	-0.1%	0.9%

EPS Forecast

EPS	2025	2026	2027
High	10.76	12.02	13.13
Avg	9.72	11.01	12.09
Low	8.82	10.29	11.22

EPS Growth

EPS Growth	2025	2026	2027
High	0.4%	23.7%	19.2%
Avg	-9.3%	13.3%	9.8%
Low	-17.7%	5.8%	1.9%

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.