Titan Machinery Inc. (TITN)
NASDAQ: TITN · IEX Real-Time Price · USD
24.75
+0.53 (2.19%)
Mar 28, 2024, 12:08 PM EDT - Market open

Titan Machinery Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Titan Machinery stock have an average target of 45.5, with a low estimate of 42 and a high estimate of 50. The average target predicts an increase of 83.84% from the current stock price of 24.75.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $42 $45.5 $46 $50
Change +69.70% +83.84% +85.86% +102.02%
* Price targets were last updated on Jan 12, 2024.

Analyst Ratings

The average analyst rating for TITN stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 222222
Buy 111222
Hold 111110
Sell 000000
Strong Sell 000000
Total 444554

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stephens & Co.
Stephens & Co.
Buy
Reiterates
$42
Buy Reiterates $42 +69.70% Jan 12, 2024
B. Riley Securities
B. Riley Securities
Strong Buy
Reiterates
$44
Strong Buy Reiterates $44 +77.78% Sep 1, 2023
Stephens & Co.
Stephens & Co.
Buy
Reiterates
$46
Buy Reiterates $46 +85.86% Aug 31, 2023
Lake Street
Lake Street
Strong Buy
Initiates
$50
Strong Buy Initiates $50 +102.02% Jul 25, 2023
B. Riley Securities
B. Riley Securities
Strong Buy
Maintains
$48$44
Strong Buy Maintains $48$44 +77.78% May 31, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
2.69B
from 2.21B
Increased by 21.94%
Revenue Next Year
2.80B
from 2.69B
Increased by 3.75%
EPS This Year
5.02
from 4.49
Increased by 11.83%
EPS Next Year
4.49
from 5.02
Decreased by -10.65%
Year 2018201920202021202220232024202520262027
Revenue
1.26B1.31B1.41B1.71B2.21B2.69B2.80B5.07B2.94B3.04B
Revenue Growth
5.78%3.46%8.13%21.31%29.06%21.94%3.75%81.25%-41.91%3.13%
EPS
0.550.630.862.924.495.024.494.193.743.91
EPS Growth
-14.55%36.51%239.53%53.77%11.83%-10.65%-6.56%-10.71%4.36%
No. Analysts -----88333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20232024202520262027
High 2.8B 3.0B 5.2B 3.0B 3.1B
Avg 2.7B 2.8B 5.1B 2.9B 3.0B
Low 2.6B 2.6B 4.9B 2.8B 2.9B

Revenue Growth

Revenue Growth 20232024202520262027
High
26.6%
10.2%
86.6%
-40.2%
6.2%
Avg
21.9%
3.7%
81.3%
-41.9%
3.1%
Low
16.1%
-2.8%
74.2%
-44.2%
-0.9%

EPS Forecast

EPS 20232024202520262027
High 5.35 5.20 4.32 3.85 4.02
Avg 5.02 4.49 4.19 3.74 3.91
Low 4.70 4.07 4.03 3.60 3.75

EPS Growth

EPS Growth 20232024202520262027
High
19.3%
3.5%
-3.8%
-8.1%
7.4%
Avg
11.8%
-10.6%
-6.6%
-10.7%
4.4%
Low
4.8%
-19.0%
-10.2%
-14.2%
0.3%
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.