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

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MEG Stock Forecast

Montrose Environmental Group stock forecast is as follows: an average price target of $49.33 (represents a 124.23% upside from MEG’s last price of $22.00) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

MEG Price Target

The average price target for Montrose Environmental Group (MEG) is $49.33 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $54.00 to $43.00. This represents a potential 124.23% upside from MEG's last price of $22.00.

MEG Analyst Ratings

Buy

According to 9 Wall Street analysts, Montrose Environmental Group's rating consensus is 'Buy'. The analyst rating breakdown for MEG stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Montrose Environmental Group Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 17, 2024	Durgesh Chopra	Evercore ISI	$43.00	$26.45	62.57%	95.45%
Apr 04, 2024	James Ricchiuti	Needham	$54.00	$43.96	22.84%	145.45%
Apr 03, 2024	Michael Hoffman	Stifel Nicolaus	$51.00	$44.14	15.53%	131.82%

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The latest Montrose Environmental Group stock forecast, released on Oct 17, 2024 by Durgesh Chopra from Evercore ISI, set a price target of $43.00, which represents a 62.57% increase from the stock price at the time of the forecast ($26.45), and a 95.45% increase from MEG last price ($22.00).

Montrose Environmental Group Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	3
Avg Price Target	$43.00	$43.00	$49.33
Last Closing Price	$22.00	$22.00	$22.00
Upside/Downside	95.45%	95.45%	124.23%

In the current month, the average price target of Montrose Environmental Group stock is $43.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 95.45% increase as opposed to Montrose Environmental Group's last price of $22.00. This month's average price target is down 0.00% compared to last quarter, and down -12.83% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 17, 2024	Evercore ISI	Outperform	Outperform	Hold
Oct 03, 2024	Raymond James	Buy	Buy	Hold
Oct 03, 2024	Needham	Underperform	Underperform	Hold
Oct 03, 2024	Needham	Buy	Buy	Hold
Aug 14, 2024	Evercore ISI	-	Outperform	Initialise
May 09, 2024	Stifel Nicolaus	Buy	Buy	Hold
Apr 04, 2024	Needham	Buy	Buy	Hold
Apr 03, 2024	Raymond James	Underperform	Underperform	Hold
Apr 03, 2024	Stifel Nicolaus	Buy	Buy	Hold
Mar 01, 2024	Needham	Underperform	Underperform	Hold

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Montrose Environmental Group's last stock rating was published by Evercore ISI on Oct 17, 2024. The company gave MEG a "Outperform" rating, the same as its previous rate.

Montrose Environmental Group Financial Forecast

Montrose Environmental Group 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
Revenue	-	-	-	-	-	-	-	-	$165.74M	$167.94M	$159.10M	$131.43M	$139.51M	$130.31M	$139.91M	$134.68M	$143.79M	$132.58M	$136.22M	$133.82M	$108.74M	$84.70M	$73.77M
Avg Forecast	$199.90M	$193.82M	$191.72M	$171.22M	$187.56M	$185.47M	$173.94M	$152.17M	$160.55M	$167.48M	$145.31M	$135.20M	$139.80M	$139.37M	$137.60M	$133.21M	$121.98M	$119.12M	$120.11M	$95.37M	$86.83M	$78.55M	$72.60M
High Forecast	$205.95M	$199.69M	$197.53M	$175.52M	$195.16M	$185.55M	$173.94M	$152.17M	$165.17M	$167.48M	$149.71M	$139.29M	$144.03M	$139.37M	$137.60M	$133.21M	$121.98M	$119.12M	$120.11M	$95.37M	$86.83M	$78.55M	$72.60M
Low Forecast	$194.34M	$188.43M	$186.39M	$166.91M	$179.03M	$185.39M	$173.93M	$152.17M	$158.19M	$167.48M	$141.27M	$131.44M	$135.91M	$139.37M	$137.60M	$133.21M	$121.98M	$119.12M	$120.11M	$95.37M	$86.83M	$78.55M	$72.60M
# Analysts	1	1	1	2	5	4	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	4	4
Surprise %	-	-	-	-	-	-	-	-	1.03%	1.00%	1.09%	0.97%	1.00%	0.94%	1.02%	1.01%	1.18%	1.11%	1.13%	1.40%	1.25%	1.08%	1.02%

Montrose Environmental Group's average Quarter revenue forecast for Mar 24 based on 4 analysts is $152.17M, with a low forecast of $152.17M, and a high forecast of $152.17M. MEG's average Quarter revenue forecast represents a -8.19% decrease compared to the company's last Quarter revenue of $165.74M (Dec 23).

Montrose Environmental Group 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
# Analysts	1	1	1	2	5	4	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	4	4
EBITDA	-	-	-	-	-	-	-	-	$315.00K	$-527.00K	$-1.60M	$837.00K	$4.93M	$9.39M	$3.37M	$9.22M	$13.87M	$18.24M	$6.99M	$1.86M	$16.34M	$-14.61M	$26.51M
Avg Forecast	$11.15M	$10.81M	$10.69M	$9.55M	$10.46M	$10.35M	$9.70M	$5.68M	$8.96M	$9.34M	$8.11M	$6.07M	$7.80M	$7.77M	$7.68M	$7.43M	$6.80M	$6.64M	$6.70M	$6.50M	$4.84M	$4.38M	$51.12M
High Forecast	$11.49M	$11.14M	$11.02M	$9.79M	$10.89M	$10.35M	$9.70M	$6.82M	$9.21M	$9.34M	$8.35M	$7.29M	$8.03M	$7.77M	$7.68M	$7.43M	$6.80M	$6.64M	$6.70M	$7.80M	$4.84M	$4.38M	$61.35M
Low Forecast	$10.84M	$10.51M	$10.40M	$9.31M	$9.99M	$10.34M	$9.70M	$4.54M	$8.82M	$9.34M	$7.88M	$4.86M	$7.58M	$7.77M	$7.68M	$7.43M	$6.80M	$6.64M	$6.70M	$5.20M	$4.84M	$4.38M	$40.90M
Surprise %	-	-	-	-	-	-	-	-	0.04%	-0.06%	-0.20%	0.14%	0.63%	1.21%	0.44%	1.24%	2.04%	2.75%	1.04%	0.29%	3.37%	-3.33%	0.52%

4 analysts predict MEG's average Quarter EBITDA for Mar 24 to be $5.68M, with a high of $6.82M and a low of $4.54M. This is 1703.18% upper than Montrose Environmental Group's previous annual EBITDA (Dec 23) of $315.00K.

Montrose Environmental Group 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
# Analysts	1	1	1	2	5	4	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	4	4
Net Income	-	-	-	-	-	-	-	-	$-5.54M	$-11.63M	$-11.27M	$-14.72M	$-10.81M	$-5.72M	$-7.75M	$-7.54M	$-1.47M	$2.23M	$-14.48M	$-11.60M	$812.00K	$-30.74M	$13.22M
Avg Forecast	$-4.57M	$-6.86M	$-8.49M	$-15.34M	$-4.82M	$-2.69M	$-6.12M	$-35.35M	$-9.40M	$-6.86M	$-8.71M	$-37.81M	$-34.97M	$-9.59M	$-24.00M	$-4.00M	$-877.20K	$-1.25M	$-1.83M	$-40.44M	$-284.20K	$1.80M	$25.50M
High Forecast	$-4.41M	$-6.61M	$-8.18M	$-14.79M	$-3.46M	$-2.60M	$-5.90M	$-28.28M	$-8.46M	$-6.61M	$-8.40M	$-30.25M	$-27.98M	$-9.59M	$-19.20M	$-4.00M	$-877.20K	$-1.25M	$-1.83M	$-32.35M	$-284.20K	$1.80M	$30.60M
Low Forecast	$-4.75M	$-7.13M	$-8.82M	$-15.95M	$-6.17M	$-2.80M	$-6.36M	$-42.43M	$-10.34M	$-7.13M	$-9.05M	$-45.37M	$-41.97M	$-9.59M	$-28.80M	$-4.00M	$-877.20K	$-1.25M	$-1.83M	$-48.53M	$-284.20K	$1.80M	$20.40M
Surprise %	-	-	-	-	-	-	-	-	0.59%	1.70%	1.29%	0.39%	0.31%	0.60%	0.32%	1.88%	1.68%	-1.79%	7.90%	0.29%	-2.86%	-17.08%	0.52%

Montrose Environmental Group's average Quarter net income forecast for Dec 21 is $-877.20K, with a range of $-877.20K to $-877.20K. MEG's average Quarter net income forecast represents a -139.41% decrease compared to the company's last Quarter net income of $2.23M (Sep 21).

Montrose Environmental Group 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
# Analysts	1	1	1	2	5	4	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	4	4
SG&A	-	-	-	-	-	-	-	-	$61.10M	$56.90M	$55.25M	$49.61M	$45.17M	$42.86M	$46.46M	$41.81M	$34.79M	$30.50M	$27.37M	$25.00M	$30.93M	$34.18M	$33.09M
Avg Forecast	$54.91M	$53.24M	$52.66M	$47.03M	$51.52M	$50.95M	$47.78M	$76.22M	$44.10M	$46.01M	$39.92M	$81.52M	$38.40M	$38.28M	$94.07M	$36.59M	$33.51M	$32.72M	$32.99M	$87.19M	$23.85M	$21.58M	$63.81M
High Forecast	$56.57M	$54.85M	$54.26M	$48.21M	$53.61M	$50.97M	$47.78M	$91.47M	$45.37M	$46.01M	$41.12M	$97.82M	$39.56M	$38.28M	$112.89M	$36.59M	$33.51M	$32.72M	$32.99M	$104.62M	$23.85M	$21.58M	$76.57M
Low Forecast	$53.38M	$51.76M	$51.20M	$45.85M	$49.18M	$50.92M	$47.78M	$60.98M	$43.45M	$46.00M	$38.81M	$65.22M	$37.33M	$38.28M	$75.26M	$36.59M	$33.51M	$32.72M	$32.99M	$69.75M	$23.85M	$21.58M	$51.05M
Surprise %	-	-	-	-	-	-	-	-	1.39%	1.24%	1.38%	0.61%	1.18%	1.12%	0.49%	1.14%	1.04%	0.93%	0.83%	0.29%	1.30%	1.58%	0.52%

Montrose Environmental Group's average Quarter SG&A projection for Mar 24 is $76.22M, based on 4 Wall Street analysts, with a range of $60.98M to $91.47M. The forecast indicates a 24.75% rise compared to MEG last annual SG&A of $61.10M (Dec 23).

Montrose Environmental Group 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
# Analysts	1	1	1	2	5	4	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	4	4
EPS	-	-	-	-	-	-	-	-	$-0.18	$-0.39	$-0.38	$-0.49	$-0.36	$-0.19	$-0.26	$-0.25	$-0.05	$0.08	$-0.71	$-0.46	$0.03	$-1.43	$0.37
Avg Forecast	$-0.14	$-0.21	$-0.26	$-0.47	$-0.15	$-0.08	$-0.19	$-0.39	$-0.29	$-0.21	$-0.27	$-0.31	$-0.21	$-0.29	$-0.24	$-0.12	$-0.03	$-0.04	$-0.06	$-0.09	$-0.01	$0.05	$-0.44
High Forecast	$-0.13	$-0.20	$-0.25	$-0.45	$-0.11	$-0.08	$-0.18	$-0.37	$-0.26	$-0.20	$-0.26	$-0.30	$-0.21	$-0.29	$-0.24	$-0.12	$-0.03	$-0.04	$-0.06	$-0.09	$-0.01	$0.05	$-0.44
Low Forecast	$-0.15	$-0.22	$-0.27	$-0.49	$-0.19	$-0.09	$-0.19	$-0.40	$-0.32	$-0.22	$-0.28	$-0.32	$-0.22	$-0.29	$-0.24	$-0.12	$-0.03	$-0.04	$-0.06	$-0.09	$-0.01	$0.05	$-0.44
Surprise %	-	-	-	-	-	-	-	-	0.63%	1.86%	1.42%	1.59%	1.69%	0.66%	1.08%	2.08%	1.90%	-2.27%	12.91%	5.13%	-3.82%	-26.41%	-0.84%

According to 4 Wall Street analysts, Montrose Environmental Group's projected average Quarter EPS for Dec 21 is $-0.03, with a low estimate of $-0.03 and a high estimate of $-0.03. This represents a -131.01% decrease compared to MEG previous annual EPS of $0.08 (Sep 21).

Montrose Environmental Group Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
MEG	Montrose Environmental Group	$22.00	$49.33	124.23%	Buy
CWST	Casella Waste Systems	$109.88	$119.25	8.53%	Buy
RSG	Republic Services	$214.68	$201.36	-6.20%	Buy
SRCL	Stericycle	$61.98	$56.33	-9.12%	Hold
WCN	Waste Connections	$187.50	$166.88	-11.00%	Buy
CLH	Clean Harbors	$259.09	$205.38	-20.73%	Buy

MEG Forecast FAQ

Is Montrose Environmental Group a good buy?

Yes, according to 9 Wall Street analysts, Montrose Environmental Group (MEG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of MEG's total ratings.

What is MEG's price target?

Montrose Environmental Group (MEG) average price target is $49.33 with a range of $43 to $54, implying a 124.23% from its last price of $22. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Montrose Environmental Group stock go up soon?

According to Wall Street analysts' prediction for MEG stock, the company can go up by 124.23% (from the last price of $22 to the average price target of $49.33), up by 145.45% based on the highest stock price target, and up by 95.45% based on the lowest stock price target.

Can Montrose Environmental Group stock reach $30?

MEG's average twelve months analyst stock price target of $49.33 supports the claim that Montrose Environmental Group can reach $30 in the near future.

What is Montrose Environmental Group's current price target trend?

1 Wall Street analyst forecast a $43 price target for Montrose Environmental Group (MEG) this month, up 95.45% from its last price of $22. Compared to the last 3 and 12 months, the average price target increased by 95.45% and increased by 124.23%, respectively.

What are Montrose Environmental Group's analysts' financial forecasts?

Montrose Environmental Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $699.12M (high $706.81M, low $690.52M), average EBITDA is $36.19M (high $37.76M, low $34.58M), average net income is $-48.985M (high $-40.237M, low $-57.761M), average SG&A $226.46M (high $243.82M, low $208.86M), and average EPS is $-0.805 (high $-0.74, low $-0.872). MEG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $756.67M (high $778.69M, low $736.07M), average EBITDA is $42.21M (high $43.44M, low $41.06M), average net income is $-35.259M (high $-33.984M, low $-36.646M), average SG&A $207.85M (high $213.9M, low $202.19M), and average EPS is $-1.08 (high $-1.041, low $-1.123).

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

Based on Montrose Environmental Group's last annual report (Dec 2023), the company's revenue was $624.21M, beating the average analysts forecast of $608.54M by 2.57%. Apple's EBITDA was $-10.252M, missing the average prediction of $32.48M by -131.56%. The company's net income was $-47.259M, missing the average estimation of $-62.782M by -24.73%. Apple's SG&A was $222.86M, beating the average forecast of $211.54M by 5.35%. Lastly, the company's EPS was $-1.57, beating the average prediction of $-1.073 by 46.28%. In terms of the last quarterly report (Dec 2023), Montrose Environmental Group's revenue was $165.74M, beating the average analysts' forecast of $160.55M by 3.23%. The company's EBITDA was $315K, missing the average prediction of $8.96M by -96.48%. Montrose Environmental Group's net income was $-5.541M, missing the average estimation of $-9.402M by -41.07%. The company's SG&A was $61.1M, beating the average forecast of $44.1M by 38.55%. Lastly, the company's EPS was $-0.18, missing the average prediction of $-0.288 by -37.50%