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
* 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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 3 | 3 | 2 | 2 | 2 |
Buy | 4 | 3 | 2 | 2 | 3 | 2 |
Hold | 2 | 2 | 3 | 4 | 4 | 4 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 8 | 8 | 8 | 8 | 9 | 8 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Zelman & Assoc | Zelman & Assoc | Hold → Buy Upgrades n/a | Hold → 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 | Strong Buy → Hold Downgrades n/a | Strong Buy → 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 | Buy → Hold Downgrades $170 | Buy → Hold | Downgrades | $170 | -3.11% | Dec 18, 2023 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
High | 6.6% | 18.3% | 6.0% |
Avg | 0.9% | 8.1% | -0.7% |
Low | -3.4% | 0.2% | -5.5% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
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.