Meritage Homes Corporation (MTH)
NYSE: MTH · IEX Real-Time Price · USD
190.10
-3.77 (-1.94%)
At close: Jul 19, 2024, 4:00 PM
190.14
+0.04 (0.02%)
After-hours: Jul 20, 2024, 12:58 PM EDT
Meritage Homes Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Meritage Homes stock have an average target of 186.8, with a low estimate of 148 and a high estimate of 221. The average target predicts a decrease of -1.74% from the current stock price of 190.10.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Meritage Homes 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 3 | 3 | 2 | 1 | 1 | 2 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 8 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $219 → $221 | Buy | Maintains | $219 → $221 | +16.25% | Jul 15, 2024 |
| Wedbush | Wedbush | Sell Reiterates $148 | Sell | Reiterates | $148 | -22.15% | May 21, 2024 |
| Wedbush | Wedbush | Sell Reiterates $148 | Sell | Reiterates | $148 | -22.15% | May 15, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $180 → $195 | Hold | Maintains | $180 → $195 | +2.58% | May 8, 2024 |
| Wedbush | Wedbush | Sell Reiterates $148 | Sell | Reiterates | $148 | -22.15% | Apr 26, 2024 |
Financial Forecast
Revenue This Year
6.25B
from 6.14B
Increased by 1.79%
Revenue Next Year
6.72B
from 6.25B
Increased by 7.47%
EPS This Year
20.40
from 19.93
Increased by 2.37%
EPS Next Year
21.45
from 20.40
Increased by 5.15%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.6B | 7.3B | 7.3B |
| Avg | 6.2B | 6.7B | 6.9B |
| Low | 6.0B | 6.4B | 6.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.5% | 17.0% | 8.5% |
| Avg | 1.8% | 7.5% | 2.9% |
| Low | -2.7% | 1.7% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.05 | 24.42 | 24.68 |
| Avg | 20.40 | 21.45 | 22.59 |
| Low | 19.30 | 18.96 | 20.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.6% | 19.7% | 15.0% |
| Avg | 2.4% | 5.2% | 5.3% |
| Low | -3.2% | -7.1% | -5.7% |
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.