Meritage Homes Corporation (MTH)
NYSE: MTH · IEX Real-Time Price · USD
175.46
+2.83 (1.64%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Meritage Homes Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Meritage Homes stock have an average target of 219.67, with a low estimate of 138 and a high estimate of 500. The average target predicts an increase of 25.20% from the current stock price of 175.46.

Analyst Consensus: Buy
Target Low Average Median High
Price $138 $219.67 $182 $500
Change -21.35% +25.20% +3.73% +184.97%
* Price targets were last updated on Feb 1, 2024.

Analyst Ratings

The average analyst rating for Meritage Homes stock from 8 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 233222
Buy 432232
Hold 223444
Sell 000000
Strong Sell 000000
Total 888898

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Zelman & Assoc
Zelman & Assoc
Buy
Upgrades
n/a
Buy Upgrades n/a n/a Feb 26, 2024
Wedbush
Wedbush
Hold
Reiterates
$170
Hold Reiterates $170 -3.11% Feb 1, 2024
Seaport Global
Seaport Global
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Jan 22, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$151$182
Hold Maintains $151$182 +3.73% Jan 11, 2024
Wedbush
Wedbush
Hold
Downgrades
$170
Hold Downgrades $170 -3.11% Dec 18, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
6.19B
from 6.14B
Increased by 0.89%
Revenue Next Year
6.70B
from 6.19B
Increased by 8.14%
EPS This Year
17.83
from 19.93
Decreased by -10.56%
EPS Next Year
19.33
from 17.83
Increased by 8.41%
Year 20192020202120222023202420252026
Revenue
3.68B4.51B5.14B6.29B6.14B6.19B6.70B6.65B
Revenue Growth
3.78%22.53%14.09%22.39%-2.45%0.89%8.14%-0.67%
EPS
6.4211.0019.2926.7419.9317.8319.3319.41
EPS Growth
15.05%71.34%75.36%38.62%-25.47%-10.56%8.41%0.45%
No. Analysts -----12124
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 6.5B 7.3B 7.1B
Avg 6.2B 6.7B 6.7B
Low 5.9B 6.2B 6.3B

Revenue Growth

Revenue Growth 202420252026
High
6.6%
18.3%
6.0%
Avg
0.9%
8.1%
-0.7%
Low
-3.4%
0.2%
-5.5%

EPS Forecast

EPS 202420252026
High 19.39 22.32 23.73
Avg 17.83 19.33 19.41
Low 16.02 16.69 15.49

EPS Growth

EPS Growth 202420252026
High
-2.7%
25.2%
22.8%
Avg
-10.6%
8.4%
0.4%
Low
-19.6%
-6.4%
-19.8%
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.