Titan Machinery Inc. (TITN)
NASDAQ: TITN · IEX Real-Time Price · USD
16.59
-0.23 (-1.37%)
At close: Jul 19, 2024, 4:00 PM
17.01
+0.42 (2.53%)
Pre-market: Jul 22, 2024, 4:43 AM EDT
Titan Machinery Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Titan Machinery stock have an average target of 33.5, with a low estimate of 18 and a high estimate of 50. The average target predicts an increase of 101.93% from the current stock price of 16.59.
Analyst Consensus: Buy
* Price targets were last updated on Jun 5, 2024.
Analyst Ratings
The average analyst rating for TITN stock from 6 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 | 3 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy → Hold Downgrades $32 → $20 | Strong Buy → Hold | Downgrades | $32 → $20 | +20.55% | Jun 5, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $30 → $25 | Strong Buy | Maintains | $30 → $25 | +50.69% | May 24, 2024 |
| Baird | Baird | Hold Maintains $24 → $18 | Hold | Maintains | $24 → $18 | +8.50% | May 24, 2024 |
| Baird | Baird | Hold Maintains $25 → $24 | Hold | Maintains | $25 → $24 | +44.67% | Mar 22, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Reiterates $42 | Buy | Reiterates | $42 | +153.16% | Jan 12, 2024 |
Financial Forecast
Revenue This Year
2.97B
from 2.76B
Increased by 7.60%
Revenue Next Year
2.94B
from 2.97B
Decreased by -1.04%
EPS This Year
2.31
from 4.93
Decreased by -53.24%
EPS Next Year
2.29
from 2.31
Decreased by -0.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.1B | 3.1B | 3.2B | 3.2B | 3.3B |
| Avg | 3.0B | 2.9B | 3.1B | 3.1B | 3.2B |
| Low | 2.8B | 2.7B | 3.0B | 3.0B | 3.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.8% | 4.6% | 7.8% | 5.0% | 5.0% |
| Avg | 7.6% | -1.0% | 4.7% | 2.0% | 2.0% |
| Low | 1.5% | -8.7% | 0.6% | -2.0% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.49 | 2.93 | 1.46 | 1.61 | 1.80 |
| Avg | 2.31 | 2.29 | 1.42 | 1.56 | 1.74 |
| Low | 2.15 | 1.23 | 1.36 | 1.50 | 1.68 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -49.5% | 27.1% | -36.2% | 13.3% | 15.1% |
| Avg | -53.2% | -0.8% | -38.0% | 10.1% | 11.8% |
| Low | -56.5% | -46.4% | -40.4% | 5.8% | 7.4% |
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.