Methode Electronics (MEI) Stock Forecast, Price Target & Predictions
MEI Stock Forecast
Methode Electronics stock forecast is as follows: an average price target of $12.50 (represents a 18.26% upside from MEI’s last price of $10.57) 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 18.26% upside from MEI's last price of $10.57.
MEI Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Luke Junk | Robert W. Baird | $13.00 | $10.34 | 25.73% | 22.99% |
| Apr 09, 2024 | Saree Boroditsky | Jefferies | $12.00 | $12.58 | -4.61% | 13.53% |
| Jun 15, 2022 | Luke Junk | Robert W. Baird | $42.00 | $42.41 | -0.97% | 297.35% |
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 22.99% increase from MEI last price ($10.57).
Methode Electronics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $13.00 | $13.00 | $12.50 |
| Last Closing Price | $10.57 | $10.57 | $10.57 |
| Upside/Downside | 22.99% | 22.99% | 18.26% |
In the current month, the average price target of Methode Electronics stock is $13.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 22.99% increase as opposed to Methode Electronics's last price of $10.57. This month's average price target is down 0.00% compared to last quarter, and up 4.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Sep 06, 2024 | Deutsche Bank | - | Buy | Upgrade |
| Sep 06, 2024 | Needham | Neutral | Neutral | Hold |
| Sep 06, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 06, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Jul 17, 2024 | Citigroup | Underweight | Underweight | Hold |
| Jul 02, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 09, 2024 | Jefferies | - | Hold | Initialise |
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 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 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 | $307.28M | $275.72M | $284.96M | $273.50M | $294.59M | $267.40M | $271.46M | $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 | $313.38M | $281.19M | $290.62M | $278.93M | $300.44M | $269.38M | $279.14M | $271.78M | $272.24M | $293.74M | $295.97M | $286.85M | $304.76M | $296.03M | $299.77M | $293.43M | $300.17M | $292.86M | $278.95M | $292.75M | $291.24M | $288.81M | $287.62M | $181.26M | $217.39M | $288.49M | $293.15M | $278.98M | $285.31M | $269.64M |
| Low Forecast | $301.38M | $270.42M | $279.49M | $268.25M | $288.93M | $265.43M | $263.79M | $261.37M | $261.82M | $282.50M | $284.64M | $275.87M | $293.09M | $284.69M | $288.29M | $274.97M | $269.70M | $270.37M | $257.53M | $270.27M | $268.88M | $266.63M | $265.54M | $167.34M | $200.70M | $266.33M | $270.64M | $257.56M | $263.40M | $248.94M |
| # Analysts | 1 | 1 | - | - | - | 2 | 2 | 1 | 1 | - | 1 | - | - | - | - | - | - | - | - | - | - | 14 | 9 | 10 | 16 | 9 | 11 | 8 | 8 | 11 |
| 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 1 analysts is $266.95M, with a low forecast of $261.82M, and a high forecast of $272.24M. 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 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | 2 | 2 | 1 | 1 | - | 1 | - | - | - | - | - | - | - | - | - | - | 14 | 9 | 10 | 16 | 9 | 11 | 8 | 8 | 11 |
| 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 | $43.11M | $38.69M | $39.98M | $38.37M | $41.33M | $37.52M | $38.09M | $37.39M | $80.64M | $40.41M | $40.72M | $39.46M | $73.31M | $40.73M | $51.91M | $39.64M | $46.22M | $45.34M | $47.19M | $42.82M | $47.40M | $42.89M | $13.64M | $52.35M | $45.90M | $40.90M | $43.28M | $49.43M | $22.27M | $35.22M |
| High Forecast | $43.97M | $39.45M | $40.78M | $39.14M | $42.15M | $37.80M | $39.17M | $38.13M | $96.76M | $41.22M | $41.53M | $40.25M | $87.97M | $41.54M | $62.29M | $41.17M | $47.97M | $54.41M | $56.63M | $51.38M | $56.88M | $51.47M | $16.36M | $62.82M | $55.08M | $49.08M | $51.93M | $59.32M | $26.72M | $42.27M |
| Low Forecast | $42.29M | $37.94M | $39.21M | $37.64M | $40.54M | $37.24M | $37.01M | $36.67M | $64.51M | $39.64M | $39.94M | $38.71M | $58.64M | $39.95M | $41.53M | $38.58M | $43.10M | $36.27M | $37.75M | $34.25M | $37.92M | $34.31M | $10.91M | $41.88M | $36.72M | $32.72M | $34.62M | $39.54M | $17.81M | $28.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | -0.07% | -1.26% | 0.10% | 0.30% | 0.70% | 0.89% | 0.96% | 0.49% | 1.06% | 1.00% | 1.13% | - | 1.20% | 4.41% | - | - | - | 0.88% | 0.90% | 1.77% | 1.04% |
1 analysts predict MEI's average Quarter EBITDA for Oct 23 to be $40.72M, with a high of $41.53M and a low of $39.94M. This is 971.56% upper than Methode Electronics's previous annual EBITDA (Jul 23) of $3.80M.
Methode Electronics Net Income Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | 2 | 2 | 1 | 1 | - | 1 | - | - | - | - | - | - | - | - | - | - | 14 | 9 | 10 | 16 | 9 | 11 | 8 | 8 | 11 |
| 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 | $7.30M | $2.91M | $4.82M | $2.10M | $3.48M | $-1.68M | $-5.66M | $-10.98M | $32.17M | $2.95M | $4.01M | $8.03M | $29.24M | $24.62M | $31.14M | $18.01M | $15.07M | $26.30M | $28.31M | $26.21M | $29.48M | $27.50M | $9.63M | $28.91M | $33.59M | $23.80M | $25.84M | $26.10M | $15.29M | $18.63M |
| High Forecast | $7.49M | $2.99M | $4.95M | $2.15M | $3.57M | $-748.23K | $-3.86M | $-10.71M | $38.60M | $3.03M | $4.12M | $8.24M | $35.09M | $25.25M | $37.37M | $18.91M | $15.82M | $31.57M | $33.98M | $31.46M | $35.37M | $33.00M | $11.56M | $34.69M | $40.30M | $28.56M | $31.01M | $31.32M | $18.35M | $22.36M |
| Low Forecast | $7.12M | $2.84M | $4.70M | $2.04M | $3.40M | $-2.43M | $-7.20M | $-11.26M | $25.73M | $2.88M | $3.91M | $7.83M | $23.39M | $24.00M | $24.92M | $17.38M | $13.75M | $21.04M | $22.65M | $20.97M | $23.58M | $22.00M | $7.71M | $23.13M | $26.87M | $19.04M | $20.67M | $20.88M | $12.23M | $14.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | -3.93% | -13.77% | 0.11% | 0.28% | 0.81% | 0.89% | 1.19% | 1.07% | 1.12% | 0.97% | 1.11% | - | 1.16% | 4.01% | - | - | - | 0.92% | 1.08% | 1.48% | 1.65% |
Methode Electronics's average Quarter net income forecast for Oct 23 is $4.01M, with a range of $3.91M to $4.12M. 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 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | 2 | 2 | 1 | 1 | - | 1 | - | - | - | - | - | - | - | - | - | - | 14 | 9 | 10 | 16 | 9 | 11 | 8 | 8 | 11 |
| 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 | $37.93M | $34.03M | $35.17M | $33.76M | $36.36M | $33.01M | $33.51M | $32.89M | $32.95M | $35.55M | $35.82M | $34.72M | $36.89M | $35.83M | $35.10M | $34.88M | $35.87M | $29.84M | $31.91M | $31.27M | $29.94M | $21.95M | $12.38M | $17.48M | $26.90M | $33.20M | $29.58M | $37.54M | $15.94M | $50.66M |
| High Forecast | $38.68M | $34.71M | $35.87M | $34.43M | $37.08M | $33.25M | $34.45M | $33.55M | $33.60M | $36.26M | $36.53M | $35.41M | $37.62M | $36.54M | $42.13M | $36.22M | $37.23M | $35.81M | $38.30M | $37.52M | $35.93M | $26.33M | $14.86M | $20.98M | $32.28M | $39.84M | $35.50M | $45.04M | $19.13M | $60.79M |
| Low Forecast | $37.20M | $33.38M | $34.50M | $33.11M | $35.66M | $32.76M | $32.56M | $32.26M | $32.32M | $34.87M | $35.13M | $34.05M | $36.18M | $35.14M | $28.08M | $33.94M | $33.45M | $23.87M | $25.53M | $25.02M | $23.95M | $17.56M | $9.90M | $13.99M | $21.52M | $26.56M | $23.67M | $30.03M | $12.75M | $40.53M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.95% | 1.14% | 1.28% | 1.36% | 0.92% | 1.04% | 1.01% | 0.99% | 1.16% | 0.98% | 1.05% | - | 1.48% | 2.49% | - | - | - | 1.12% | 0.86% | 2.05% | 0.65% |
Methode Electronics's average Quarter SG&A projection for Apr 24 is $32.95M, based on 1 Wall Street analysts, with a range of $32.32M to $33.60M. The forecast indicates a -2.80% fall compared to MEI last annual SG&A of $33.90M (Jan 24).
Methode Electronics EPS Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | 2 | 2 | 1 | 1 | - | 1 | - | - | - | - | - | - | - | - | - | - | 14 | 9 | 10 | 16 | 9 | 11 | 8 | 8 | 11 |
| 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 | $0.21 | $0.08 | $0.14 | $0.06 | $0.10 | $-0.05 | $-0.16 | $-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 | $0.21 | $0.08 | $0.14 | $0.06 | $0.10 | $-0.02 | $-0.11 | $-0.30 | $-0.20 | $0.09 | $0.12 | $0.23 | $0.39 | $0.71 | $0.65 | $0.54 | $0.45 | $0.76 | $0.73 | $0.78 | $0.74 | $0.82 | $0.81 | $0.27 | $0.80 | $0.93 | $0.67 | $0.73 | $0.75 | $0.56 |
| Low Forecast | $0.20 | $0.08 | $0.13 | $0.06 | $0.10 | $-0.07 | $-0.20 | $-0.32 | $-0.21 | $0.08 | $0.11 | $0.22 | $0.37 | $0.68 | $0.62 | $0.49 | $0.39 | $0.68 | $0.65 | $0.70 | $0.67 | $0.74 | $0.73 | $0.25 | $0.72 | $0.84 | $0.60 | $0.66 | $0.68 | $0.51 |
| 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
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 18.26% from its last price of $10.57. 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 18.26% (from the last price of $10.57 to the average price target of $12.5), up by 22.99% based on the highest stock price target, and up by 13.53% 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 is Methode Electronics's current price target trend?
1 Wall Street analyst forecast a $13 price target for Methode Electronics (MEI) this month, up 22.99% from its last price of $10.57. Compared to the last 3 and 12 months, the average price target increased by 22.99% and increased by 18.26%, respectively.
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 $1.1B (high $1.12B, low $1.08B), average EBITDA is $154.33M (high $157.25M, low $151.47M), average net income is $-14.837M (high $-11.737M, low $-17.498M), average SG&A $135.77M (high $138.33M, low $133.25M), and average EPS is $-0.419 (high $-0.331, low $-0.494). MEI's analysts financial forecasts for the fiscal year (Apr 2026) are as follows: average revenue is $1.14B (high $1.16B, low $1.12B), average EBITDA is $160.16M (high $163.34M, low $157.08M), average net income is $17.13M (high $17.57M, low $16.7M), average SG&A $140.89M (high $143.69M, low $138.19M), and average EPS is $0.484 (high $0.496, low $0.471).
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 $205.59M by -30.78%. The company's net income was $77.1M, missing the average estimation of $103.01M by -25.15%. Apple's SG&A was $154.9M, beating the average forecast of $142.69M by 8.55%. 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 $40.41M by -107.42%. 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%