M.D.C. (MDC) Stock Forecast, Price Target & Predictions

MDC Stock Forecast

M.D.C. stock forecast is as follows: an average price target of $36.83 (represents a -41.52% downside from MDC’s last price of $62.98) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.

MDC Price Target

The average price target for M.D.C. (MDC) is $36.83 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $44.00 to $27.00. This represents a potential -41.52% downside from MDC's last price of $62.98.

MDC Analyst Ratings

Hold

According to 6 Wall Street analysts, M.D.C.'s rating consensus is 'Hold'. The analyst rating breakdown for MDC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (33.33%), 4 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

M.D.C. Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 03, 2023	Michael Rehaut	J.P. Morgan	$39.50	$42.80	-7.71%	-37.28%
Nov 22, 2022		J.P. Morgan	$28.00	$31.11	-10.00%	-55.54%
Aug 01, 2022		Raymond James	$44.00	$36.25	21.38%	-30.14%
Jul 12, 2022		J.P. Morgan	$38.00	$35.63	6.65%	-39.66%
Jun 17, 2022	Deepa Raghavan	Wells Fargo	$27.00	$29.64	-8.91%	-57.13%

The latest M.D.C. stock forecast, released on Nov 03, 2023 by Michael Rehaut from J.P. Morgan, set a price target of $39.50, which represents a -7.71% decrease from the stock price at the time of the forecast ($42.80), and a -37.28% decrease from MDC last price ($62.98).

M.D.C. Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$39.50
Last Closing Price	$62.98	$62.98	$62.98
Upside/Downside	-100.00%	-100.00%	-37.28%

In the current month, the average price target of M.D.C. stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to M.D.C.'s last price of $62.98. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 03, 2023	Citigroup	Hold	Hold	Hold
Nov 02, 2023	Seaport Global		Buy	Upgrade
Jul 14, 2023	Raymond James	Strong Buy	Outperform	Upgrade
Oct 21, 2022	Goldman Sachs		Neutral	Initialise
Oct 21, 2022	Barclays		Equal-Weight	Initialise
Aug 01, 2022	Raymond James	Strong Buy	Strong Buy	Hold
Jun 17, 2022	Wells Fargo	Underweight	Equal-Weight	Downgrade
Jun 17, 2022	Wells Fargo		Underweight	Downgrade

M.D.C.'s last stock rating was published by Citigroup on Nov 03, 2023. The company gave MDC a "Hold" rating, the same as its previous rate.

M.D.C. Financial Forecast

M.D.C. Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	-	-	-	-	-	-	-	-	$36.70M	-	$32.62M	$1.05B	$1.52B	$1.44B	$1.49B	$1.27B	$1.47B	$1.30B	$1.40B	$1.09B	$1.23B	$1.04B	$919.72M	$718.97M	$1.10B	$772.66M	$751.44M	$664.68M	$881.88M	$785.64M
Avg Forecast	$1.57B	$1.39B	$1.33B	$1.01B	$1.41B	$1.18B	$1.25B	$1.13B	$1.29B	$1.13B	$939.10M	$880.35M	$1.32B	$1.39B	$1.43B	$1.22B	$1.54B	$1.35B	$1.34B	$1.13B	$1.20B	$953.94M	$808.41M	$729.67M	$1.09B	$772.33M	$738.72M	$603.90M	$1.08B	$803.87M
High Forecast	$1.72B	$1.53B	$1.46B	$1.10B	$1.55B	$1.30B	$1.38B	$1.23B	$1.31B	$1.20B	$1.03B	$963.78M	$1.44B	$1.52B	$1.57B	$1.33B	$1.69B	$1.48B	$1.46B	$1.24B	$1.32B	$1.04B	$885.02M	$798.82M	$1.19B	$845.52M	$808.72M	$661.13M	$1.30B	$964.64M
Low Forecast	$1.44B	$1.28B	$1.22B	$922.28M	$1.29B	$1.08B	$1.16B	$1.03B	$1.28B	$1.08B	$860.52M	$806.69M	$1.21B	$1.27B	$1.31B	$1.12B	$1.41B	$1.24B	$1.23B	$1.04B	$1.10B	$874.12M	$740.76M	$668.62M	$994.61M	$707.71M	$676.91M	$553.37M	$865.84M	$643.10M
# Analysts	-	-	-	-	1	1	2	2	4	4	2	2	1	1	1	1	2	2	2	10	14	8	8	10	13	7	7	9	16	20
Surprise %	-	-	-	-	-	-	-	-	0.03%	-	0.03%	1.19%	1.15%	1.04%	1.04%	1.04%	0.95%	0.96%	1.05%	0.96%	1.02%	1.09%	1.14%	0.99%	1.02%	1.00%	1.02%	1.10%	0.81%	0.98%

M.D.C.'s average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.13B, with a low forecast of $1.03B, and a high forecast of $1.23B. MDC's average Quarter revenue forecast represents a 2970.36% increase compared to the company's last Quarter revenue of $36.70M (Dec 23).

M.D.C. EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18
# Analysts	-	-	-	-	1	1	2	2	4	4	2	2	1	1	1	1	2	2	2	10	14	8	8	10	13	7	7	9	16	20
EBITDA	-	-	-	-	-	-	-	-	$118.57M	-	$74.25M	$114.47M	$120.31M	$192.55M	$266.21M	$208.53M	$216.88M	$200.44M	$214.72M	$151.31M	$179.58M	$133.37M	$118.01M	$53.71M	$119.82M	$68.34M	$79.39M	$60.48M	$75.21M	$72.87M
Avg Forecast	$476.43M	$422.27M	$403.18M	$305.00M	$427.91M	$358.55M	$378.85M	$238.66M	$291.94M	$243.75M	$283.16M	$216.96M	$265.40M	$221.59M	$257.42M	$197.24M	$241.27M	$201.45M	$200.62M	$142.85M	$131.32M	$103.86M	$54.74M	$63.83M	$105.67M	$74.63M	$72.36M	$57.51M	$89.13M	$74.53M
High Forecast	$521.58M	$462.29M	$441.39M	$333.91M	$468.46M	$392.53M	$418.89M	$286.39M	$350.33M	$292.50M	$339.80M	$260.35M	$318.48M	$265.91M	$308.91M	$236.68M	$289.53M	$241.74M	$240.74M	$171.42M	$157.58M	$124.63M	$65.69M	$76.60M	$126.80M	$89.55M	$86.83M	$69.01M	$106.96M	$89.44M
Low Forecast	$436.56M	$386.94M	$369.45M	$279.48M	$392.11M	$328.55M	$351.13M	$190.92M	$233.55M	$195.00M	$226.53M	$173.57M	$212.32M	$177.27M	$205.94M	$157.79M	$193.02M	$161.16M	$160.50M	$114.28M	$105.05M	$83.08M	$43.79M	$51.07M	$84.54M	$59.70M	$57.89M	$46.01M	$71.31M	$59.62M
Surprise %	-	-	-	-	-	-	-	-	0.41%	-	0.26%	0.53%	0.45%	0.87%	1.03%	1.06%	0.90%	1.00%	1.07%	1.06%	1.37%	1.28%	2.16%	0.84%	1.13%	0.92%	1.10%	1.05%	0.84%	0.98%

2 analysts predict MDC's average Quarter EBITDA for Mar 24 to be $238.66M, with a high of $286.39M and a low of $190.92M. This is 101.27% upper than M.D.C.'s previous annual EBITDA (Dec 23) of $118.57M.

M.D.C. Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18
# Analysts	-	-	-	-	1	1	2	2	4	4	2	2	1	1	1	1	2	2	2	10	14	8	8	10	13	7	7	9	16	20
Net Income	-	-	-	-	-	-	-	-	$119.51M	-	$93.49M	$80.70M	$79.78M	$144.40M	$189.54M	$148.42M	$162.66M	$145.95M	$154.35M	$110.69M	$147.49M	$98.94M	$84.40M	$36.76M	$92.59M	$50.58M	$54.59M	$40.55M	$54.73M	$53.39M
Avg Forecast	$134.74M	$108.86M	$105.82M	$78.41M	$119.26M	$102.77M	$104.29M	$169.25M	$218.95M	$177.49M	$200.99M	$153.86M	$199.05M	$161.35M	$182.72M	$139.87M	$180.95M	$146.68M	$144.22M	$104.50M	$107.85M	$77.04M	$39.15M	$43.69M	$81.65M	$55.23M	$49.76M	$38.56M	$64.86M	$54.61M
High Forecast	$151.34M	$122.27M	$118.85M	$88.07M	$133.96M	$115.43M	$122.19M	$203.10M	$262.74M	$212.98M	$241.19M	$184.63M	$238.86M	$193.62M	$219.26M	$167.85M	$217.14M	$176.02M	$173.06M	$125.40M	$129.42M	$92.45M	$46.98M	$52.42M	$97.98M	$66.28M	$59.71M	$46.27M	$77.83M	$65.53M
Low Forecast	$120.09M	$97.02M	$94.31M	$69.88M	$106.29M	$91.59M	$90.28M	$135.40M	$175.16M	$141.99M	$160.79M	$123.09M	$159.24M	$129.08M	$146.17M	$111.90M	$144.76M	$117.35M	$115.37M	$83.60M	$86.28M	$61.63M	$31.32M	$34.95M	$65.32M	$44.18M	$39.80M	$30.84M	$51.89M	$43.68M
Surprise %	-	-	-	-	-	-	-	-	0.55%	-	0.47%	0.52%	0.40%	0.89%	1.04%	1.06%	0.90%	1.00%	1.07%	1.06%	1.37%	1.28%	2.16%	0.84%	1.13%	0.92%	1.10%	1.05%	0.84%	0.98%

M.D.C.'s average Quarter net income forecast for Mar 24 is $169.25M, with a range of $135.40M to $203.10M. MDC's average Quarter net income forecast represents a 41.62% increase compared to the company's last Quarter net income of $119.51M (Dec 23).

M.D.C. SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18
# Analysts	-	-	-	-	1	1	2	2	4	4	2	2	1	1	1	1	2	2	2	10	14	8	8	10	13	7	7	9	16	20
SG&A	-	-	-	-	-	-	-	-	$126.86M	-	$106.73M	$94.99M	$131.80M	$141.44M	$133.85M	$129.31M	$130.02M	$120.12M	$128.86M	$114.99M	$117.95M	$103.63M	$92.32M	$89.32M	$105.10M	$92.72M	$82.71M	$82.26M	$93.37M	$83.52M
Avg Forecast	$1.23B	$1.09B	$1.04B	$786.82M	$1.10B	$924.95M	$977.32M	$147.46M	$175.02M	$146.07M	$141.93M	$134.05M	$159.11M	$132.79M	$129.03M	$121.87M	$144.64M	$120.72M	$120.40M	$108.56M	$86.25M	$80.70M	$42.82M	$106.15M	$92.69M	$101.24M	$75.38M	$78.22M	$110.66M	$85.42M
High Forecast	$1.35B	$1.19B	$1.14B	$861.38M	$1.21B	$1.01B	$1.08B	$176.95M	$210.02M	$175.28M	$170.32M	$160.86M	$190.93M	$159.35M	$154.84M	$146.24M	$173.57M	$144.86M	$144.48M	$130.27M	$103.50M	$96.84M	$51.39M	$127.38M	$111.22M	$121.49M	$90.46M	$93.86M	$132.79M	$102.51M
Low Forecast	$1.13B	$998.20M	$953.07M	$720.98M	$1.01B	$847.55M	$905.81M	$117.97M	$140.02M	$116.85M	$113.55M	$107.24M	$127.29M	$106.23M	$103.22M	$97.49M	$115.72M	$96.57M	$96.32M	$86.85M	$69.00M	$64.56M	$34.26M	$84.92M	$74.15M	$80.99M	$60.31M	$62.57M	$88.52M	$68.34M
Surprise %	-	-	-	-	-	-	-	-	0.72%	-	0.75%	0.71%	0.83%	1.07%	1.04%	1.06%	0.90%	1.00%	1.07%	1.06%	1.37%	1.28%	2.16%	0.84%	1.13%	0.92%	1.10%	1.05%	0.84%	0.98%

M.D.C.'s average Quarter SG&A projection for Mar 24 is $147.46M, based on 2 Wall Street analysts, with a range of $117.97M to $176.95M. The forecast indicates a 16.24% rise compared to MDC last annual SG&A of $126.86M (Dec 23).

M.D.C. EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18
# Analysts	-	-	-	-	1	1	2	2	4	4	2	2	1	1	1	1	2	2	2	10	14	8	8	10	13	7	7	9	16	20
EPS	-	-	-	-	-	-	-	-	-	-	$1.28	$1.10	$1.11	$2.03	$2.66	$2.09	$2.31	$2.07	$2.19	$1.58	$2.27	$1.43	$1.23	$0.54	$1.37	$0.75	$0.81	$0.61	$0.83	$0.81
Avg Forecast	$1.77	$1.43	$1.39	$1.03	$1.57	$1.35	$1.37	$1.03	$1.50	$1.20	$0.74	$0.54	$1.52	$2.24	$2.50	$1.91	$2.49	$2.01	$1.99	$1.44	$1.60	$1.13	$0.77	$0.64	$1.17	$0.81	$0.73	$0.56	$1.28	$0.90
High Forecast	$1.99	$1.61	$1.56	$1.16	$1.76	$1.52	$1.61	$1.23	$1.61	$1.26	$0.83	$0.60	$1.71	$2.52	$2.81	$2.14	$2.80	$2.25	$2.23	$1.62	$1.80	$1.27	$0.87	$0.72	$1.32	$0.90	$0.82	$0.63	$1.54	$1.08
Low Forecast	$1.58	$1.27	$1.24	$0.92	$1.40	$1.20	$1.19	$0.89	$1.44	$1.11	$0.66	$0.48	$1.36	$2.00	$2.23	$1.70	$2.22	$1.79	$1.77	$1.28	$1.43	$1.01	$0.69	$0.57	$1.04	$0.72	$0.65	$0.50	$1.02	$0.72
Surprise %	-	-	-	-	-	-	-	-	0.00%	-	1.74%	2.04%	0.73%	0.90%	1.06%	1.10%	0.93%	1.03%	1.10%	1.10%	1.42%	1.26%	1.59%	0.84%	1.17%	0.93%	1.12%	1.09%	0.65%	0.90%

According to 2 Wall Street analysts, M.D.C.'s projected average Quarter EPS for Mar 24 is $1.03, with a low estimate of $0.89 and a high estimate of $1.23. This represents a 64066.87% increase compared to MDC previous annual EPS of - (Dec 23).

M.D.C. Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BZH	Beazer Homes USA	$30.01	$45.00	49.95%	Buy
TPH	Tri Pointe Homes	$38.18	$51.00	33.58%	Hold
MHO	M/I Homes	$150.73	$197.50	31.03%	Strong Buy
LGIH	LGI Homes	$96.47	$125.00	29.57%	Hold
MTH	Meritage Homes	$163.80	$206.80	26.25%	Buy
TMHC	Taylor Morrison Home	$63.84	$77.20	20.93%	Buy
KBH	KB Home	$70.44	$77.40	9.88%	Buy
CCS	Century Communities	$81.31	$60.67	-25.38%	Buy

MDC Forecast FAQ

Is M.D.C. a good buy?

No, according to 6 Wall Street analysts, M.D.C. (MDC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 33.33% of MDC's total ratings.

What is MDC's price target?

M.D.C. (MDC) average price target is $36.83 with a range of $27 to $44, implying a -41.52% from its last price of $62.98. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will M.D.C. stock go up soon?

According to Wall Street analysts' prediction for MDC stock, the company can go down by -41.52% (from the last price of $62.98 to the average price target of $36.83), down by -30.14% based on the highest stock price target, and down by -57.13% based on the lowest stock price target.

Can M.D.C. stock reach $90?

MDC's average twelve months analyst stock price target of $36.83 does not support the claim that M.D.C. can reach $90 in the near future.

What are M.D.C.'s analysts' financial forecasts?

M.D.C.'s analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.97B (high $5.45B, low $4.56B), average EBITDA is $1.4B (high $1.57B, low $1.26B), average net income is $495.57M (high $574.68M, low $423.56M), average SG&A $3.15B (high $3.48B, low $2.88B), and average EPS is $5.31 (high $6.11, low $4.67). MDC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.3B (high $5.81B, low $4.86B), average EBITDA is $1.61B (high $1.76B, low $1.47B), average net income is $427.83M (high $480.54M, low $381.29M), average SG&A $4.15B (high $4.54B, low $3.8B), and average EPS is $5.62 (high $6.31, low $5.01).

Did the MDC's actual financial results beat the analysts' financial forecasts?

Based on M.D.C.'s last annual report (Dec 2023), the company's revenue was $122.57M, which missed the average analysts forecast of $4.24B by -97.11%. Apple's EBITDA was $376.22M, missing the average prediction of $1.04B by -63.68%. The company's net income was $401M, missing the average estimation of $751.29M by -46.62%. Apple's SG&A was $429.89M, missing the average forecast of $597.07M by -28.00%. Lastly, the company's EPS was $0.0055, missing the average prediction of $3.97 by -99.86%. In terms of the last quarterly report (Dec 2023), M.D.C.'s revenue was $36.7M, missing the average analysts' forecast of $1.29B by -97.15%. The company's EBITDA was $118.57M, missing the average prediction of $291.94M by -59.38%. M.D.C.'s net income was $119.51M, missing the average estimation of $218.95M by -45.42%. The company's SG&A was $126.86M, missing the average forecast of $175.02M by -27.52%. Lastly, the company's EPS was $0.0016, missing the average prediction of $1.5 by -99.89%