Methode Electronics (MEI) Stock Forecast, Price Target & Predictions


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MEI Stock Forecast


Methode Electronics stock forecast is as follows: an average price target of $12.50 (represents a 19.39% upside from MEI’s last price of $10.47) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.

MEI Price Target


The average price target for Methode Electronics (MEI) is $12.50 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $12.00. This represents a potential 19.39% upside from MEI's last price of $10.47.

MEI Analyst Ratings


Hold

According to 8 Wall Street analysts, Methode Electronics's rating consensus is 'Hold'. The analyst rating breakdown for MEI stock is 0 'Strong Buy' (0.00%), 2 'Buy' (25.00%), 5 'Hold' (62.50%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).

Methode Electronics Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 06, 2024Luke JunkRobert W. Baird--25.73%24.16%
Apr 09, 2024Saree BoroditskyJefferies---4.61%14.61%
Jun 15, 2022Luke JunkRobert W. Baird---0.97%301.15%
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The latest Methode Electronics stock forecast, released on Sep 06, 2024 by Luke Junk from Robert W. Baird, set a price target of $13.00, which represents a 25.73% increase from the stock price at the time of the forecast ($10.34), and a 24.16% increase from MEI last price ($10.47).

Methode Electronics Price Target by Period


1M3M12M
# Anlaysts-12
Avg Price Target-$13.00$12.50
Last Closing Price$10.47$10.47$10.47
Upside/Downside-100.00%24.16%19.39%

In the current month, the average price target of Methode Electronics stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Methode Electronics's last price of $10.47. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 06, 2024OppenheimerOutperformOutperformHold
Sep 06, 2024Deutsche BankBuyUpgrade
Sep 06, 2024NeedhamNeutralNeutralHold
Sep 06, 2024BMO CapitalMarket PerformMarket PerformHold
Sep 06, 2024Goldman SachsNeutralNeutralHold
Jul 17, 2024CitigroupUnderweightUnderweightHold
Jul 02, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 09, 2024JefferiesHoldInitialise
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Methode Electronics's last stock rating was published by Oppenheimer on Sep 06, 2024. The company gave MEI a "Outperform" rating, the same as its previous rate.

Methode Electronics Financial Forecast


Methode Electronics Revenue Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
Revenue---------$259.50M$288.00M$289.70M$301.20M$280.10M$315.90M$282.40M$288.70M$291.60M$295.50M$287.80M-$295.30M$300.80M---$257.20M$270.20M$266.00M$246.90M
Avg Forecast$305.82M$273.78M$283.65M$272.95M$289.61M$263.88M$268.47M$266.49M$266.95M$288.03M$290.21M$281.27M$298.83M$290.27M$293.94M$282.55M$289.19M$281.62M$268.24M$281.51M$280.06M$277.72M$276.58M$174.30M$209.04M$277.41M$281.89M$268.27M$274.36M$259.29M
High Forecast$309.56M$277.13M$287.12M$276.29M$293.16M$265.45M$274.41M$267.07M$266.95M$288.03M$293.76M$284.71M$302.49M$293.82M$299.07M$287.49M$294.25M$286.54M$272.93M$286.43M$284.96M$282.57M$281.41M$177.35M$212.70M$282.26M$286.82M$272.96M$279.15M$263.82M
Low Forecast$302.07M$270.42M$280.17M$269.60M$286.06M$262.31M$262.53M$265.91M$266.95M$288.03M$286.65M$277.82M$295.17M$286.71M$290.90M$279.64M$286.21M$278.71M$265.48M$278.61M$277.17M$274.85M$273.73M$172.50M$206.89M$274.55M$278.98M$265.50M$271.52M$256.61M
# Analysts111113322111111111111166665555
Surprise %---------0.90%0.99%1.03%1.01%0.96%1.07%1.00%1.00%1.04%1.10%1.02%-1.06%1.09%---0.91%1.01%0.97%0.95%

Methode Electronics's average Quarter revenue forecast for Apr 24 based on 2 analysts is $266.95M, with a low forecast of $266.95M, and a high forecast of $266.95M. MEI's average Quarter revenue forecast represents a 2.87% increase compared to the company's last Quarter revenue of $259.50M (Jan 24).

Methode Electronics EBITDA Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts111113322111111111111166665555
EBITDA---------$-3.00M$-51.30M$3.80M$21.90M$28.50M$46.10M$38.20M$22.50M$47.90M$47.40M$48.50M-$51.30M$60.20M---$38.20M$44.50M$39.50M$36.70M
Avg Forecast$37.28M$33.38M$34.58M$33.28M$35.31M$32.17M$32.73M$32.49M$80.64M$35.11M$35.38M$34.29M$73.31M$49.87M$41.24M$39.64M$66.64M$39.51M$37.64M$39.50M$47.40M$38.97M$38.81M$24.46M$45.90M$38.92M$39.55M$37.64M$22.27M$36.38M
High Forecast$37.74M$33.79M$35.00M$33.68M$35.74M$32.36M$33.45M$32.56M$96.76M$35.11M$35.81M$34.71M$87.97M$59.85M$41.96M$40.34M$79.97M$40.20M$38.29M$40.19M$56.88M$39.65M$39.48M$24.88M$55.08M$39.60M$40.24M$38.30M$26.72M$37.02M
Low Forecast$36.83M$32.97M$34.16M$32.87M$34.87M$31.98M$32.01M$32.42M$64.51M$35.11M$34.95M$33.87M$58.64M$39.90M$40.82M$39.24M$53.31M$39.11M$37.25M$39.09M$37.92M$38.56M$38.41M$24.20M$36.72M$38.52M$39.14M$37.25M$17.81M$36.01M
Surprise %----------0.09%-1.45%0.11%0.30%0.57%1.12%0.96%0.34%1.21%1.26%1.23%-1.32%1.55%---0.97%1.18%1.77%1.01%

1 analysts predict MEI's average Quarter EBITDA for Oct 23 to be $35.38M, with a high of $35.81M and a low of $34.95M. This is 831.06% upper than Methode Electronics's previous annual EBITDA (Jul 23) of $3.80M.

Methode Electronics Net Income Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts111113322111111111111166665555
Net Income---------$-11.60M$-55.30M$900.00K$8.10M$19.90M$27.60M$21.50M$16.20M$29.40M$27.50M$29.10M-$31.90M$38.60M---$23.80M$28.30M$22.60M$30.70M
Avg Forecast$7.08M$1.77M$5.31M$2.83M$3.10M$-1.51M$-5.93M$-10.98M$32.17M$2.95M$4.01M$8.03M$29.24M$28.93M$22.58M$18.07M$26.58M$25.51M$24.44M$26.21M$29.48M$27.63M$27.28M$9.21M$33.59M$31.41M$22.44M$24.56M$15.29M$18.89M
High Forecast$7.20M$1.80M$5.40M$2.88M$3.15M$-903.31K$-5.58M$-10.81M$38.60M$2.96M$4.08M$8.16M$35.09M$34.72M$23.10M$18.48M$31.90M$26.08M$25.00M$26.81M$35.37M$28.26M$27.90M$9.42M$40.30M$32.12M$22.94M$25.12M$18.35M$19.32M
Low Forecast$6.97M$1.74M$5.23M$2.79M$3.05M$-1.96M$-6.28M$-11.16M$25.73M$2.95M$3.95M$7.90M$23.39M$23.15M$22.28M$17.82M$21.27M$25.16M$24.11M$25.86M$23.58M$27.26M$26.91M$9.09M$26.87M$30.99M$22.13M$24.23M$12.23M$18.64M
Surprise %----------3.93%-13.77%0.11%0.28%0.69%1.22%1.19%0.61%1.15%1.13%1.11%-1.15%1.42%---1.06%1.15%1.48%1.62%

Methode Electronics's average Quarter net income forecast for Oct 23 is $4.01M, with a range of $3.95M to $4.08M. MEI's average Quarter net income forecast represents a 346.07% increase compared to the company's last Quarter net income of $900.00K (Jul 23).

Methode Electronics SG&A Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts111113322111111111111166665555
SG&A---------$33.90M$40.90M$44.50M$50.10M$32.90M$36.60M$35.30M$35.60M$34.50M$31.20M$32.80M-$32.40M$30.80M---$33.20M$32.40M$32.60M$32.80M
Avg Forecast$37.75M$33.79M$35.01M$33.69M$35.75M$32.57M$33.14M$32.89M$32.95M$35.55M$35.82M$34.72M$36.89M$32.83M$36.28M$34.88M$35.70M$34.76M$33.11M$34.75M$29.94M$34.28M$34.14M$21.51M$26.90M$34.24M$34.79M$33.11M$15.94M$32.00M
High Forecast$38.21M$34.21M$35.44M$34.10M$36.18M$32.77M$33.87M$32.96M$32.95M$35.55M$36.26M$35.14M$37.34M$39.39M$36.91M$35.49M$36.32M$35.37M$33.69M$35.35M$35.93M$34.88M$34.74M$21.89M$32.28M$34.84M$35.40M$33.69M$19.13M$32.56M
Low Forecast$37.28M$33.38M$34.58M$33.28M$35.31M$32.38M$32.40M$32.82M$32.95M$35.55M$35.38M$34.29M$36.43M$26.26M$35.91M$34.52M$35.33M$34.40M$32.77M$34.39M$23.95M$33.93M$33.79M$21.29M$21.52M$33.89M$34.44M$32.77M$12.75M$31.67M
Surprise %---------0.95%1.14%1.28%1.36%1.00%1.01%1.01%1.00%0.99%0.94%0.94%-0.95%0.90%---0.95%0.98%2.05%1.02%

Methode Electronics's average Quarter SG&A projection for Apr 24 is $32.95M, based on 2 Wall Street analysts, with a range of $32.95M to $32.95M. The forecast indicates a -2.80% fall compared to MEI last annual SG&A of $33.90M (Jan 24).

Methode Electronics EPS Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts111113322111111111111166665555
EPS---------$-0.33$-1.55$0.03$0.23$0.56$0.76$0.59$0.44$0.80$0.73$0.77-$0.84$1.01---$0.63$0.75$0.61$0.82
Avg Forecast$0.20$0.05$0.15$0.08$0.09$-0.04$-0.17$-0.31$-0.20$0.08$0.11$0.23$0.38$0.69$0.64$0.51$0.43$0.72$0.69$0.74$0.70$0.78$0.77$0.26$0.76$0.89$0.63$0.69$0.71$0.53
High Forecast$0.20$0.05$0.15$0.08$0.09$-0.03$-0.16$-0.31$-0.20$0.08$0.12$0.23$0.39$0.71$0.65$0.52$0.44$0.74$0.71$0.76$0.72$0.80$0.79$0.27$0.78$0.91$0.65$0.71$0.73$0.55
Low Forecast$0.20$0.05$0.15$0.08$0.09$-0.06$-0.18$-0.31$-0.21$0.08$0.11$0.22$0.37$0.68$0.63$0.50$0.42$0.71$0.68$0.73$0.70$0.77$0.76$0.26$0.75$0.87$0.62$0.68$0.70$0.53
Surprise %----------3.96%-13.68%0.13%0.61%0.81%1.19%1.16%1.03%1.11%1.06%1.04%-1.08%1.31%---0.99%1.08%0.86%1.54%

According to 1 Wall Street analysts, Methode Electronics's projected average Quarter EPS for Oct 23 is $0.11, with a low estimate of $0.11 and a high estimate of $0.12. This represents a 277.77% increase compared to MEI previous annual EPS of $0.03 (Jul 23).

Methode Electronics Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MEIMethode Electronics--19.39%Hold
OSISOSI Systems--6.72%Buy
SANMSanmina---21.92%Buy
CLSCelestica---26.54%Buy
PLXSPlexus---26.55%Buy
BHEBenchmark Electronics---29.42%Buy

MEI Forecast FAQ


Is Methode Electronics a good buy?

No, according to 8 Wall Street analysts, Methode Electronics (MEI) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 25.00% of MEI's total ratings.

What is MEI's price target?

Methode Electronics (MEI) average price target is $12.5 with a range of $12 to $13, implying a 19.39% from its last price of $10.47. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Methode Electronics stock go up soon?

According to Wall Street analysts' prediction for MEI stock, the company can go up by 19.39% (from the last price of $10.47 to the average price target of $12.5), up by 24.16% based on the highest stock price target, and up by 14.61% based on the lowest stock price target.

Can Methode Electronics stock reach $20?

MEI's average twelve months analyst stock price target of $12.5 does not support the claim that Methode Electronics can reach $20 in the near future.

What are Methode Electronics's analysts' financial forecasts?

Methode Electronics's analysts financial forecasts for the fiscal year (Apr 2025) are as follows: average revenue is $1.09B (high $1.1B, low $1.08B), average EBITDA is $132.7M (high $134.11M, low $131.28M), average net income is $-15.321M (high $-14.145M, low $-16.345M), average SG&A $134.35M (high $135.79M, low $132.91M), and average EPS is $-0.432 (high $-0.399, low $-0.461). MEI's analysts financial forecasts for the fiscal year (Apr 2026) are as follows: average revenue is $1.14B (high $1.15B, low $1.12B), average EBITDA is $138.52M (high $140.21M, low $136.82M), average net income is $17M (high $17.27M, low $16.73M), average SG&A $140.24M (high $141.96M, low $138.52M), and average EPS is $0.48 (high $0.488, low $0.472).

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

Based on Methode Electronics's last annual report (Apr 2023), the company's revenue was $1.18B, beating the average analysts forecast of $1.17B by 1.20%. Apple's EBITDA was $142.3M, missing the average prediction of $204.07M by -30.27%. The company's net income was $77.1M, missing the average estimation of $98.83M by -21.98%. Apple's SG&A was $154.9M, beating the average forecast of $140.87M by 9.96%. Lastly, the company's EPS was $2.14, missing the average prediction of $2.22 by -3.71%. In terms of the last quarterly report (Jan 2024), Methode Electronics's revenue was $259.5M, missing the average analysts' forecast of $288.03M by -9.91%. The company's EBITDA was $-3M, missing the average prediction of $35.11M by -108.54%. Methode Electronics's net income was $-11.6M, missing the average estimation of $2.95M by -492.96%. The company's SG&A was $33.9M, missing the average forecast of $35.55M by -4.65%. Lastly, the company's EPS was $-0.33, missing the average prediction of $0.0833 by -496.00%