MGP Ingredients (MGPI) Stock Forecast, Price Target & Predictions
MGPI Stock Forecast
MGP Ingredients stock forecast is as follows: an average price target of $128.25 (represents a 50.94% upside from MGPI’s last price of $84.97) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
MGPI Price Target
The average price target for MGP Ingredients (MGPI) is $128.25 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $140.00 to $118.00. This represents a potential 50.94% upside from MGPI's last price of $84.97.
MGPI Analyst Ratings
According to 3 Wall Street analysts, MGP Ingredients's rating consensus is 'Buy'. The analyst rating breakdown for MGPI stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MGP Ingredients Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 08, 2024 | Ben Klieve | Loop Capital Markets | $135.00 | $73.05 | 84.82% | 58.88% |
| Jul 01, 2024 | MGP Ingredients | Wedbush | $120.00 | $74.40 | 61.29% | 41.23% |
| Aug 07, 2023 | Bill Chappell | Truist Financial | $140.00 | $122.50 | 14.29% | 64.76% |
| Jul 31, 2023 | Bill Chappell | Truist Financial | $125.00 | $113.95 | 9.70% | 47.11% |
| Feb 02, 2023 | - | Wells Fargo | $118.00 | $97.87 | 20.57% | 38.87% |
The latest MGP Ingredients stock forecast, released on Jul 08, 2024 by Ben Klieve from Loop Capital Markets, set a price target of $135.00, which represents a 84.82% increase from the stock price at the time of the forecast ($73.05), and a 58.88% increase from MGPI last price ($84.97).
MGP Ingredients Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $127.50 | $127.50 |
| Last Closing Price | $84.97 | $84.97 | $84.97 |
| Upside/Downside | -100.00% | 50.05% | 50.05% |
In the current month, the average price target of MGP Ingredients stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MGP Ingredients's last price of $84.97. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 08, 2024 | Lake Street | Buy | Buy | Hold |
| Apr 02, 2024 | Wedbush | Buy | Buy | Hold |
| Feb 02, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Oct 10, 2022 | Wedbush | - | Outperform | Initialise |
| Feb 22, 2022 | Lake Street | - | Buy | Initialise |
MGP Ingredients's last stock rating was published by Lake Street on Jul 08, 2024. The company gave MGPI a "Buy" rating, the same as its previous rate.
MGP Ingredients Financial Forecast
MGP Ingredients Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $349.80M | - | $201.01M | $191.00M | $201.15M | $194.98M | $195.24M | $166.85M | $176.61M | $174.94M | $108.32M | $100.92M | $102.96M | $92.56M | $99.08M | $92.46M | $90.69M |
| Avg Forecast | $240.18M | $210.71M | $212.33M | $187.94M | $217.45M | $195.07M | $198.17M | $179.22M | $207.27M | $186.63M | $189.06M | $170.31M | $205.39M | $209.14M | $205.30M | $194.43M | $183.82M | $190.81M | $173.06M | $173.60M | $153.27M | $147.95M | $128.82M | $100.73M | $100.47M | $95.91M | $93.42M | $87.77M | $91.34M | $99.54M |
| High Forecast | $244.85M | $214.81M | $216.46M | $191.60M | $221.68M | $198.87M | $202.03M | $182.71M | $211.30M | $190.14M | $192.74M | $173.63M | $212.26M | $213.63M | $209.30M | $198.22M | $187.40M | $194.52M | $176.37M | $176.92M | $156.20M | $150.78M | $131.28M | $102.65M | $102.39M | $97.74M | $95.21M | $89.45M | $93.08M | $101.44M |
| Low Forecast | $233.00M | $204.42M | $205.99M | $182.33M | $210.95M | $189.24M | $192.25M | $173.86M | $201.07M | $183.11M | $183.41M | $165.22M | $201.26M | $205.70M | $199.17M | $188.62M | $178.33M | $185.11M | $168.83M | $169.36M | $149.53M | $144.34M | $125.67M | $98.27M | $98.02M | $93.57M | $91.14M | $85.62M | $89.11M | $97.11M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.67% | - | 1.03% | 1.04% | 1.05% | 1.13% | 1.12% | 1.09% | 1.19% | 1.36% | 1.08% | 1.00% | 1.07% | 0.99% | 1.13% | 1.01% | 0.91% |
MGP Ingredients's average Quarter revenue forecast for Dec 23 based on 3 analysts is $205.39M, with a low forecast of $201.26M, and a high forecast of $212.26M. MGPI's average Quarter revenue forecast represents a -41.28% decrease compared to the company's last Quarter revenue of $349.80M (Sep 23).
MGP Ingredients EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $19.84M | - | $46.85M | $28.73M | $37.84M | $35.31M | $55.76M | $49.51M | $38.13M | $32.78M | $23.81M | $19.51M | $16.93M | $14.56M | $16.83M | $19.29M | $14.54M |
| Avg Forecast | $46.17M | $40.50M | $40.81M | $36.13M | $41.80M | $37.50M | $38.09M | $34.45M | $39.84M | $35.87M | $36.34M | $59.15M | $39.48M | $40.20M | $39.46M | $53.77M | $35.33M | $29.34M | $33.26M | $48.88M | $29.46M | $28.44M | $24.76M | $22.82M | $19.31M | $18.43M | $17.96M | $11.41M | $17.56M | $19.13M |
| High Forecast | $47.06M | $41.29M | $41.61M | $36.83M | $42.61M | $38.23M | $38.83M | $35.12M | $40.62M | $36.55M | $37.05M | $70.98M | $40.80M | $41.06M | $40.23M | $64.53M | $36.02M | $35.21M | $33.90M | $58.66M | $30.02M | $28.98M | $25.24M | $27.39M | $19.68M | $18.79M | $18.30M | $13.69M | $17.89M | $19.50M |
| Low Forecast | $44.79M | $39.29M | $39.59M | $35.05M | $40.55M | $36.38M | $36.95M | $33.42M | $38.65M | $35.20M | $35.25M | $47.32M | $38.69M | $39.54M | $38.28M | $43.02M | $34.28M | $23.47M | $32.45M | $39.11M | $28.74M | $27.74M | $24.16M | $18.26M | $18.84M | $17.98M | $17.52M | $9.13M | $17.13M | $18.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.49% | - | 0.87% | 0.81% | 1.29% | 1.06% | 1.14% | 1.68% | 1.34% | 1.32% | 1.04% | 1.01% | 0.92% | 0.81% | 1.48% | 1.10% | 0.76% |
3 analysts predict MGPI's average Quarter EBITDA for Dec 23 to be $39.48M, with a high of $40.80M and a low of $38.69M. This is 99.00% upper than MGP Ingredients's previous annual EBITDA (Sep 23) of $19.84M.
MGP Ingredients Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $13.21M | - | $31.07M | $22.66M | $23.81M | $25.56M | $37.44M | $31.66M | $23.88M | $20.14M | $15.43M | $11.63M | $10.38M | $8.49M | $9.84M | $12.95M | $8.21M |
| Avg Forecast | $48.88M | $40.48M | $40.04M | $32.07M | $45.91M | $37.46M | $38.50M | $28.82M | $42.94M | $31.96M | $34.11M | $39.67M | $29.96M | $28.79M | $27.65M | $36.06M | $18.83M | $19.04M | $20.75M | $32.78M | $14.60M | $8.85M | $11.80M | $14.79M | $13.18M | $11.90M | $10.57M | $6.67M | $15.48M | $14.27M |
| High Forecast | $50.12M | $41.50M | $41.05M | $32.88M | $47.07M | $38.41M | $39.48M | $29.55M | $44.03M | $32.86M | $34.98M | $47.60M | $31.26M | $32.14M | $28.35M | $43.28M | $19.31M | $22.85M | $21.26M | $39.34M | $14.96M | $9.07M | $12.09M | $17.74M | $13.51M | $12.20M | $10.84M | $8.00M | $15.87M | $14.62M |
| Low Forecast | $46.98M | $38.91M | $38.48M | $30.83M | $44.12M | $36.01M | $37.01M | $27.70M | $41.27M | $31.28M | $32.79M | $31.73M | $29.30M | $25.89M | $26.58M | $28.85M | $18.10M | $15.23M | $20.09M | $26.23M | $14.14M | $8.57M | $11.42M | $11.83M | $12.76M | $11.52M | $10.24M | $5.34M | $14.99M | $13.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.46% | - | 0.86% | 1.20% | 1.25% | 1.23% | 1.14% | 2.17% | 2.70% | 1.71% | 1.04% | 0.88% | 0.87% | 0.80% | 1.48% | 0.84% | 0.58% |
MGP Ingredients's average Quarter net income forecast for Dec 23 is $29.96M, with a range of $29.30M to $31.26M. MGPI's average Quarter net income forecast represents a 126.75% increase compared to the company's last Quarter net income of $13.21M (Sep 23).
MGP Ingredients SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.57M | - | $28.27M | $33.50M | $25.18M | $23.92M | $21.77M | $23.76M | $24.20M | $29.16M | $11.80M | $16.19M | $9.51M | $9.36M | $9.50M | $5.31M | $7.19M |
| Avg Forecast | $29.96M | $26.28M | $26.48M | $23.44M | $27.12M | $24.33M | $24.72M | $22.35M | $25.85M | $23.28M | $23.58M | $23.07M | $25.62M | $26.08M | $25.61M | $20.97M | $22.93M | $19.30M | $21.58M | $19.06M | $19.12M | $18.45M | $16.07M | $11.31M | $12.53M | $11.96M | $11.65M | $6.44M | $11.39M | $12.41M |
| High Forecast | $30.54M | $26.79M | $27.00M | $23.90M | $27.65M | $24.80M | $25.20M | $22.79M | $26.35M | $23.72M | $24.04M | $27.68M | $26.47M | $26.64M | $26.10M | $25.16M | $23.37M | $23.16M | $22.00M | $22.88M | $19.48M | $18.81M | $16.37M | $13.57M | $12.77M | $12.19M | $11.87M | $7.73M | $11.61M | $12.65M |
| Low Forecast | $29.06M | $25.50M | $25.69M | $22.74M | $26.31M | $23.60M | $23.98M | $21.68M | $25.08M | $22.84M | $22.88M | $18.45M | $25.10M | $25.66M | $24.84M | $16.78M | $22.24M | $15.44M | $21.06M | $15.25M | $18.65M | $18.00M | $15.67M | $9.05M | $12.22M | $11.67M | $11.37M | $5.15M | $11.11M | $12.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | - | 1.35% | 1.46% | 1.30% | 1.11% | 1.14% | 1.24% | 1.31% | 1.82% | 1.04% | 1.29% | 0.80% | 0.80% | 1.48% | 0.47% | 0.58% |
MGP Ingredients's average Quarter SG&A projection for Dec 23 is $25.62M, based on 3 Wall Street analysts, with a range of $25.10M to $26.47M. The forecast indicates a 18.76% rise compared to MGPI last annual SG&A of $21.57M (Sep 23).
MGP Ingredients EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.60 | - | $1.40 | $1.02 | $1.07 | $1.15 | $1.69 | $1.44 | $1.08 | $0.91 | $0.90 | $0.69 | $0.61 | $0.50 | $0.57 | $0.76 | $0.48 |
| Avg Forecast | $2.21 | $1.83 | $1.81 | $1.45 | $2.08 | $1.69 | $1.74 | $1.30 | $1.94 | $1.44 | $1.54 | $0.98 | $1.35 | $1.30 | $1.25 | $1.10 | $0.85 | $0.95 | $0.94 | $0.95 | $0.66 | $0.40 | $0.53 | $0.60 | $0.60 | $0.54 | $0.48 | $0.36 | $0.70 | $0.65 |
| High Forecast | $2.27 | $1.88 | $1.86 | $1.49 | $2.13 | $1.74 | $1.78 | $1.34 | $1.99 | $1.49 | $1.58 | $1.01 | $1.41 | $1.45 | $1.28 | $1.13 | $0.87 | $0.97 | $0.96 | $0.98 | $0.68 | $0.41 | $0.55 | $0.61 | $0.61 | $0.55 | $0.49 | $0.37 | $0.72 | $0.66 |
| Low Forecast | $2.12 | $1.76 | $1.74 | $1.39 | $1.99 | $1.63 | $1.67 | $1.25 | $1.87 | $1.41 | $1.48 | $0.95 | $1.32 | $1.17 | $1.20 | $1.06 | $0.82 | $0.91 | $0.91 | $0.92 | $0.64 | $0.39 | $0.52 | $0.58 | $0.58 | $0.52 | $0.46 | $0.35 | $0.68 | $0.62 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.46% | - | 1.27% | 1.20% | 1.13% | 1.23% | 1.77% | 2.18% | 2.70% | 1.71% | 1.51% | 1.16% | 1.13% | 1.05% | 1.57% | 1.09% | 0.74% |
According to 3 Wall Street analysts, MGP Ingredients's projected average Quarter EPS for Dec 23 is $1.35, with a low estimate of $1.32 and a high estimate of $1.41. This represents a 125.71% increase compared to MGPI previous annual EPS of $0.60 (Sep 23).
MGP Ingredients Peer Comparison by Price Target
MGPI Forecast FAQ
Is MGP Ingredients a good buy?
Yes, according to 3 Wall Street analysts, MGP Ingredients (MGPI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of MGPI's total ratings.
What is MGPI's price target?
MGP Ingredients (MGPI) average price target is $128.25 with a range of $118 to $140, implying a 50.94% from its last price of $84.97. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will MGP Ingredients stock go up soon?
According to Wall Street analysts' prediction for MGPI stock, the company can go up by 50.94% (from the last price of $84.97 to the average price target of $128.25), up by 64.76% based on the highest stock price target, and up by 38.87% based on the lowest stock price target.
Can MGP Ingredients stock reach $130?
MGPI's highest twelve months analyst stock price target of $140 supports the claim that MGP Ingredients can reach $130 in the near future.
What are MGP Ingredients's analysts' financial forecasts?
MGP Ingredients's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $789.9M (high $805.28M, low $766.31M), average EBITDA is $151.83M (high $154.79M, low $147.3M), average net income is $150.69M (high $154.5M, low $144.84M), average SG&A $98.52M (high $100.44M, low $95.58M), and average EPS is $6.81 (high $6.99, low $6.55). MGPI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $851.16M (high $867.73M, low $825.73M), average EBITDA is $163.61M (high $166.79M, low $158.72M), average net income is $161.47M (high $165.56M, low $155.2M), average SG&A $106.16M (high $108.23M, low $102.99M), and average EPS is $7.3 (high $7.48, low $7.02).
Did the MGPI's actual financial results beat the analysts' financial forecasts?
Based on MGP Ingredients's last annual report (Dec 2022), the company's revenue was $782.36M, beating the average analysts forecast of $721.28M by 8.47%. Apple's EBITDA was $167.08M, beating the average prediction of $146.82M by 13.79%. The company's net income was $109.46M, beating the average estimation of $91.41M by 19.75%. Apple's SG&A was $104.34M, beating the average forecast of $82.88M by 25.90%. Lastly, the company's EPS was $4.94, beating the average prediction of $3.69 by 33.71%. In terms of the last quarterly report (Sep 2023), MGP Ingredients's revenue was $349.8M, beating the average analysts' forecast of $209.14M by 67.26%. The company's EBITDA was $19.84M, missing the average prediction of $40.2M by -50.65%. MGP Ingredients's net income was $13.21M, missing the average estimation of $28.79M by -54.11%. The company's SG&A was $21.57M, missing the average forecast of $26.08M by -17.31%. Lastly, the company's EPS was $0.6, missing the average prediction of $1.3 by -53.90%