Meritage Homes Corporation (MTH)
NYSE: MTH · Real-Time Price · USD
154.61
+2.70 (1.78%)
Dec 20, 2024, 4:00 PM EST - Market closed
Meritage Homes Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Meritage Homes stock have an average target of 193.71, with a low estimate of 153 and a high estimate of 230. The average target predicts an increase of 25.29% from the current stock price of 154.61.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Meritage Homes stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 4 | 4 | 4 | 3 | 3 |
| Hold | 3 | 2 | 2 | 2 | 3 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 7 | 8 | 8 | 8 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades $220 → $197 | Buy → Hold | Downgrades | $220 → $197 | +27.42% | Dec 13, 2024 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Nov 7, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $210 → $198 | Hold | Maintains | $210 → $198 | +28.06% | Nov 5, 2024 |
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades $230 | Hold → Buy | Upgrades | $230 | +48.76% | Aug 14, 2024 |
| Seaport Global | Seaport Global | Hold → Strong Sell Downgrades $153 | Hold → Strong Sell | Downgrades | $153 | -1.04% | Aug 5, 2024 |
Financial Forecast
Revenue This Year
6.41B
from 6.14B
Increased by 4.39%
Revenue Next Year
6.94B
from 6.41B
Increased by 8.35%
EPS This Year
21.47
from 19.93
Increased by 7.74%
EPS Next Year
21.58
from 21.47
Increased by 0.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.7B | 7.5B | 8.3B |
| Avg | 6.4B | 6.9B | 7.5B |
| Low | 6.2B | 6.4B | 6.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.8% | 16.3% | 19.0% |
| Avg | 4.4% | 8.3% | 8.2% |
| Low | 0.8% | -0.1% | -1.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.01 | 24.41 | 25.99 |
| Avg | 21.47 | 21.58 | 23.83 |
| Low | 20.55 | 18.82 | 21.56 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.4% | 13.7% | 20.4% |
| Avg | 7.7% | 0.5% | 10.4% |
| Low | 3.1% | -12.4% | -0.1% |
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.