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Montrose Environmental Group (MEG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MEG Stock Forecast

Montrose Environmental Group (MEG) stock forecast, based on 9 Wall Street analysts, predicts a 12-month average price target of $43.00, with a high of $43.00 and a low of $43.00. This represents a 105.84% increase from the last price of $20.89.

$15 $22 $29 $36 $43 $50 High: $43 Avg: $43 Low: $43 Last Closed Price: $20.89

MEG Stock Rating

Montrose Environmental Group stock's rating consensus is Buy, based on 9 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (55.56%), 4 Hold (44.44%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 9 0 4 5 Strong Sell Sell Hold Buy Strong Buy

MEG Forecast vs Benchmarks

TypeNameUpside
StockMontrose Environmental Group105.84%
SectorIndustrials Stocks 15.95%

Price Target Trends

1M3M12M
# Anlaysts--3
Avg Price Target--$49.33
Last Closing Price$20.89$20.89$20.89
Upside/Downside--136.14%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25142--7
Dec, 24142--7
Nov, 24352--10
Oct, 24351--9
Sep, 24351--9
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Durgesh ChopraEvercore ISI$43.00$26.4562.57%105.84%
Apr 04, 2024James RicchiutiNeedham$54.00$43.9622.84%158.50%
Apr 03, 2024Michael HoffmanStifel Nicolaus$51.00$44.1415.54%144.14%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 17, 2024Evercore ISIOutperformOutperformhold
Oct 03, 2024Raymond JamesBuyBuyhold
Oct 03, 2024NeedhamBuyBuyhold
Aug 14, 2024Evercore ISIOutperforminitialise
May 09, 2024Stifel NicolausBuyBuyhold
Apr 04, 2024NeedhamBuyBuyhold
Apr 03, 2024Raymond JamesUnderperformUnderperformhold
Mar 01, 2024NeedhamUnderperformUnderperformhold
Feb 06, 2024NeedhamUnderperformUnderperformhold
Oct 10, 2023CitigroupNeutraldowngrade

Financial Forecast

EPS Forecast

$-4 $-3 $-2 $-1 $0 $1 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-3.52$-0.95$-1.07$-1.57-----
Avg Forecast$-3.03$-1.31$-1.19$-1.50$-1.77$-0.35$-0.44$0.06$0.36
High Forecast$-3.11$-1.34$-1.23$-1.54$-2.29$-0.91$-0.45$0.06$0.35
Low Forecast$-2.97$-1.29$-1.17$-1.46$-1.18$0.38$-0.43$0.06$0.37
Surprise %16.17%-27.48%-10.08%4.67%-----

Revenue Forecast

$300M $440M $580M $720M $860M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$328.24M$546.41M$544.42M$624.21M-----
Avg Forecast$305.92M$525.67M$545.88M$617.74M$694.82M$762.23M$821.00M$839.03M$964.00M
High Forecast$301.49M$518.06M$538.62M$615.68M$692.63M$757.87M$814.48M$826.52M$949.63M
Low Forecast$311.82M$535.81M$560.42M$622.00M$700.22M$765.96M$827.52M$855.07M$982.43M
Surprise %7.30%3.95%-0.27%1.05%-----

Net Income Forecast

$-150M $-110M $-70M $-30M $10M $50M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-57.95M$-25.32M$-31.82M$-47.26M-----
Avg Forecast$-91.08M$-114.27M$-35.74M$-47.26M$-47.95M$-18.10M$-13.26M$1.80M$10.82M
High Forecast$-93.36M$-138.27M$-36.98M$-57.37M$-68.72M$-27.31M$-13.55M$1.77M$10.61M
Low Forecast$-89.36M$-90.27M$-35.12M$-37.15M$-35.47M$11.43M$-12.97M$1.85M$11.09M
Surprise %-36.37%-77.84%-10.98%------

MEG Forecast FAQ

Is Montrose Environmental Group stock a buy?

Montrose Environmental Group stock has a consensus rating of Buy, based on 9 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 5 Buy, 4 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Montrose Environmental Group is a favorable investment for most analysts.

What is Montrose Environmental Group's price target?

Montrose Environmental Group's price target, set by 9 Wall Street analysts, averages $43 over the next 12 months. The price target range spans from $43 at the low end to $43 at the high end, suggesting a potential 105.84% change from the previous close price of $20.89.

How does Montrose Environmental Group stock forecast compare to the average forecast of its sector, industry, and investment themes?

Montrose Environmental Group stock forecast shows a 105.84% upside, outperforming the average forecast for the industrials stocks sector (15.95%).

What is the breakdown of analyst ratings for Montrose Environmental Group over the past three months?

  • January 2025: 14.29% Strong Buy, 57.14% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 14.29% Strong Buy, 57.14% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 30.00% Strong Buy, 50.00% Buy, 20.00% Hold, 0% Sell, 0% Strong Sell.

What is Montrose Environmental Group’s EPS forecast?

Montrose Environmental Group's average annual EPS forecast for its fiscal year ending in December is -1.77 for 2024, a 12.74% increase from the reported $-1.57 in 2023. The prediction for 2025 is $-0.35, $-0.44 for 2026, $0.06 for 2027, and $0.36 for 2028.

What is Montrose Environmental Group’s revenue forecast?

Montrose Environmental Group's average annual revenue forecast for its fiscal year ending in December is $694.82M for 2024, a 11.31% increase from the reported $624.21M in 2023. The forecast for 2025 is $762.23M, $821M for 2026, $839.03M for 2027, and $964M for 2028.

What is Montrose Environmental Group’s net income forecast?

For its fiscal year ending in December, Montrose Environmental Group's average annual net income forecast is $-47.946M for 2024, reflecting an 1.45% increase from the reported $-47.259M in 2023. The projection for 2025 is $-18.104M, $-13.262M for 2026, $1.8M for 2027, and $10.82M for 2028.