Middleby (MIDD) Stock Forecast, Price Target & Predictions
MIDD Stock Forecast
Middleby stock forecast is as follows: an average price target of $169.75 (represents a 27.82% upside from MIDD’s last price of $132.80) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
MIDD Price Target
The average price target for Middleby (MIDD) is $169.75 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $190.00 to $159.00. This represents a potential 27.82% upside from MIDD's last price of $132.80.
MIDD Analyst Ratings
According to 6 Wall Street analysts, Middleby's rating consensus is 'Buy'. The analyst rating breakdown for MIDD stock is 0 'Strong Buy' (0.00%), 5 'Buy' (83.33%), 1 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Middleby Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | Jeffrey Hammond | KeyBanc | $160.00 | $140.59 | 13.81% | 20.48% |
| Jun 05, 2024 | Saree Boroditsky | Jefferies | $170.00 | $127.01 | 33.85% | 28.01% |
| May 09, 2024 | Brian McNamara | Canaccord Genuity | $159.00 | $138.58 | 14.74% | 19.73% |
| Apr 17, 2024 | Jeffrey Hammond | KeyBanc | $175.00 | $140.96 | 24.15% | 31.78% |
| Nov 17, 2022 | - | Canaccord Genuity | $171.00 | $139.84 | 22.28% | 28.77% |
| Apr 05, 2022 | Timothy Thein | Citigroup | $190.00 | $155.03 | 22.56% | 43.07% |
The latest Middleby stock forecast, released on Aug 27, 2024 by Jeffrey Hammond from KeyBanc, set a price target of $160.00, which represents a 13.81% increase from the stock price at the time of the forecast ($140.59), and a 20.48% increase from MIDD last price ($132.80).
Middleby Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $160.00 | $160.00 | $166.00 |
| Last Closing Price | $132.80 | $132.80 | $132.80 |
| Upside/Downside | 20.48% | 20.48% | 25.00% |
In the current month, the average price target of Middleby stock is $160.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 20.48% increase as opposed to Middleby's last price of $132.80. This month's average price target is down 0.00% compared to last quarter, and down -3.61% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 30, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Aug 27, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 25, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Jun 27, 2024 | Raymond James | - | Market Perform | Initialise |
| Jun 05, 2024 | Jefferies | Buy | Buy | Hold |
| May 09, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Apr 17, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Feb 21, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Aug 07, 2023 | Benchmark | Buy | Buy | Hold |
| Jul 17, 2023 | Citigroup | Buy | Buy | Hold |
Middleby's last stock rating was published by Canaccord Genuity on Aug 30, 2024. The company gave MIDD a "Buy" rating, the same as its previous rate.
Middleby Financial Forecast
Middleby 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | $980.65M | $1.04B | $1.01B | $1.03B | $992.87M | $1.01B | $994.68M | $729.30M | $817.54M | $808.77M | - | - | $634.52M | $471.98M | $677.46M | $787.63M | $724.01M |
| Avg Forecast | $1.15B | $1.08B | $1.07B | $999.02M | $1.11B | $1.04B | $1.03B | $955.74M | $1.06B | $1.00B | $994.05M | $979.06M | $1.02B | $1.02B | $1.04B | $969.12M | $1.01B | $1.02B | $995.79M | $934.98M | $847.44M | $826.42M | $808.65M | $728.70M | $694.85M | $601.10M | $445.90M | $678.19M | $761.38M | $760.86M |
| High Forecast | $1.16B | $1.09B | $1.08B | $1.01B | $1.12B | $1.05B | $1.04B | $964.77M | $1.07B | $1.01B | $1.00B | $988.30M | $1.03B | $1.04B | $1.05B | $978.28M | $1.02B | $1.03B | $995.79M | $960.05M | $870.17M | $848.59M | $830.34M | $748.25M | $713.49M | $617.22M | $457.86M | $696.38M | $781.80M | $781.27M |
| Low Forecast | $1.14B | $1.08B | $1.06B | $991.72M | $1.10B | $1.03B | $1.02B | $948.75M | $1.05B | $991.33M | $986.79M | $971.90M | $1.01B | $1.01B | $1.03B | $962.04M | $1.00B | $1.02B | $995.79M | $908.06M | $823.04M | $802.63M | $785.37M | $707.72M | $674.85M | $583.79M | $433.06M | $658.66M | $739.46M | $738.96M |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 6 | 9 | 5 | 4 | 3 | 6 | 4 | 3 | 4 | 7 | 4 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 1.00% | 1.04% | 1.02% | 0.97% | 1.02% | 1.06% | 0.86% | 0.99% | 1.00% | - | - | 1.06% | 1.06% | 1.00% | 1.03% | 0.95% |
Middleby's average Quarter revenue forecast for Dec 23 based on 6 analysts is $1.02B, with a low forecast of $1.01B, and a high forecast of $1.03B. MIDD's average Quarter revenue forecast represents a 4.06% increase compared to the company's last Quarter revenue of $980.65M (Sep 23).
Middleby 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 6 | 9 | 5 | 4 | 3 | 6 | 4 | 3 | 4 | 7 | 4 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $179.92M | $192.62M | $163.68M | $189.62M | $165.45M | $176.15M | $131.89M | $117.82M | $274.68M | $178.33M | - | - | $124.50M | $76.11M | $138.78M | $169.40M | $160.33M |
| Avg Forecast | $204.11M | $192.46M | $189.65M | $177.32M | $196.73M | $184.88M | $182.90M | $169.64M | $188.16M | $177.72M | $176.44M | $210.83M | $181.13M | $181.37M | $183.94M | $191.66M | $179.58M | $325.39M | $176.75M | $174.24M | $150.42M | $295.81M | $174.88M | $129.34M | $101.22M | $88.59M | $52.55M | $128.57M | $140.67M | $151.48M |
| High Forecast | $206.04M | $194.28M | $191.44M | $179.00M | $198.59M | $186.62M | $184.63M | $171.24M | $189.94M | $179.48M | $178.11M | $252.99M | $182.91M | $184.45M | $185.68M | $229.99M | $181.28M | $390.47M | $176.75M | $209.08M | $154.45M | $354.97M | $209.86M | $132.81M | $121.47M | $106.30M | $63.07M | $154.29M | $168.81M | $181.77M |
| Low Forecast | $202.62M | $191.06M | $188.26M | $176.03M | $195.29M | $183.52M | $181.56M | $168.40M | $186.78M | $175.96M | $175.15M | $168.66M | $179.81M | $178.84M | $182.60M | $153.33M | $178.27M | $260.31M | $176.75M | $139.39M | $146.09M | $236.65M | $139.91M | $125.62M | $80.98M | $70.87M | $42.04M | $102.86M | $112.54M | $121.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.05% | 0.85% | 1.06% | 0.51% | 1.00% | 0.76% | 0.78% | 0.93% | 1.02% | - | - | 1.41% | 1.45% | 1.08% | 1.20% | 1.06% |
6 analysts predict MIDD's average Quarter EBITDA for Dec 23 to be $181.13M, with a high of $182.91M and a low of $179.81M. This is 0.67% upper than Middleby's previous annual EBITDA (Sep 23) of $179.92M.
Middleby 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 6 | 9 | 5 | 4 | 3 | 6 | 4 | 3 | 4 | 7 | 4 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $108.65M | $116.85M | $99.09M | $133.20M | $104.37M | $113.25M | $85.75M | $51.84M | $175.97M | $120.58M | - | - | $60.52M | $21.16M | $73.78M | $109.00M | $82.02M |
| Avg Forecast | $181.30M | $161.76M | $158.19M | $128.26M | $169.02M | $148.21M | $139.47M | $110.93M | $153.48M | $134.47M | $124.71M | $102.28M | $133.03M | $125.72M | $127.10M | $92.98M | $131.88M | $208.45M | $117.31M | $84.53M | $109.24M | $189.50M | $118.25M | $87.71M | $44.54M | $43.06M | $14.61M | $68.35M | $90.51M | $77.49M |
| High Forecast | $183.53M | $163.75M | $160.13M | $129.84M | $171.09M | $150.03M | $141.18M | $112.29M | $155.36M | $137.70M | $126.24M | $122.74M | $135.76M | $132.22M | $128.66M | $111.58M | $133.50M | $250.14M | $117.31M | $101.44M | $113.05M | $227.40M | $141.91M | $90.77M | $53.44M | $51.67M | $17.53M | $82.02M | $108.61M | $92.99M |
| Low Forecast | $179.58M | $160.23M | $156.69M | $127.04M | $167.41M | $146.80M | $138.14M | $109.87M | $152.02M | $131.24M | $123.52M | $81.82M | $131.40M | $117.05M | $125.89M | $74.39M | $130.63M | $166.76M | $117.31M | $67.62M | $105.15M | $151.60M | $94.60M | $84.43M | $35.63M | $34.45M | $11.69M | $54.68M | $72.41M | $61.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.92% | 1.07% | 1.01% | 0.50% | 0.97% | 1.01% | 0.47% | 0.93% | 1.02% | - | - | 1.41% | 1.45% | 1.08% | 1.20% | 1.06% |
Middleby's average Quarter net income forecast for Dec 23 is $133.03M, with a range of $131.40M to $135.76M. MIDD's average Quarter net income forecast represents a 22.44% increase compared to the company's last Quarter net income of $108.65M (Sep 23).
Middleby 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 6 | 9 | 5 | 4 | 3 | 6 | 4 | 3 | 4 | 7 | 4 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $196.43M | $203.52M | $215.41M | $200.48M | $201.20M | $189.49M | $206.07M | $147.32M | $175.35M | $165.71M | - | - | $128.81M | $111.82M | $143.94M | $148.81M | $144.46M |
| Avg Forecast | $228.21M | $215.19M | $212.04M | $198.26M | $219.96M | $206.70M | $204.49M | $189.67M | $210.38M | $198.70M | $197.28M | $245.78M | $202.52M | $202.78M | $205.66M | $223.44M | $200.78M | $207.73M | $197.62M | $203.13M | $168.18M | $188.84M | $162.51M | $144.61M | $126.57M | $91.66M | $77.21M | $133.36M | $123.58M | $136.48M |
| High Forecast | $230.37M | $217.22M | $214.04M | $200.13M | $222.03M | $208.66M | $206.43M | $191.46M | $212.36M | $200.67M | $199.14M | $294.94M | $204.50M | $206.23M | $207.60M | $268.13M | $202.68M | $249.27M | $197.62M | $243.75M | $172.69M | $226.61M | $195.01M | $148.49M | $151.88M | $109.99M | $92.65M | $160.03M | $148.29M | $163.78M |
| Low Forecast | $226.54M | $213.62M | $210.49M | $196.81M | $218.35M | $205.19M | $203.00M | $188.29M | $208.84M | $196.74M | $195.83M | $196.63M | $201.04M | $199.96M | $204.16M | $178.75M | $199.32M | $166.18M | $197.62M | $162.50M | $163.34M | $151.07M | $130.01M | $140.45M | $101.25M | $73.32M | $61.77M | $106.69M | $98.86M | $109.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.99% | 0.96% | 1.00% | 0.97% | 0.96% | 1.01% | 0.88% | 0.93% | 1.02% | - | - | 1.41% | 1.45% | 1.08% | 1.20% | 1.06% |
Middleby's average Quarter SG&A projection for Dec 23 is $202.52M, based on 6 Wall Street analysts, with a range of $201.04M to $204.50M. The forecast indicates a 3.10% rise compared to MIDD last annual SG&A of $196.43M (Sep 23).
Middleby 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 6 | 9 | 5 | 4 | 3 | 6 | 4 | 3 | 4 | 7 | 4 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.03 | $2.18 | $1.85 | $2.48 | $1.94 | $2.10 | $1.57 | $0.94 | $3.19 | $2.18 | - | - | $1.10 | $0.39 | $1.33 | $1.96 | $1.47 |
| Avg Forecast | $3.35 | $2.99 | $2.93 | $2.37 | $3.13 | $2.74 | $2.58 | $2.05 | $2.84 | $2.49 | $2.31 | $2.06 | $2.46 | $2.33 | $2.35 | $1.97 | $2.44 | $2.36 | $2.16 | $2.10 | $2.03 | $2.03 | $2.08 | $1.63 | $1.42 | $1.01 | $0.40 | $1.34 | $1.68 | $1.62 |
| High Forecast | $3.39 | $3.03 | $2.96 | $2.40 | $3.16 | $2.77 | $2.61 | $2.08 | $2.87 | $2.55 | $2.33 | $2.09 | $2.51 | $2.45 | $2.38 | $1.99 | $2.47 | $2.39 | $2.16 | $2.18 | $2.10 | $2.10 | $2.16 | $1.69 | $1.47 | $1.05 | $0.42 | $1.39 | $1.74 | $1.67 |
| Low Forecast | $3.32 | $2.96 | $2.90 | $2.35 | $3.10 | $2.71 | $2.55 | $2.03 | $2.81 | $2.43 | $2.28 | $2.04 | $2.43 | $2.16 | $2.33 | $1.95 | $2.42 | $2.34 | $2.16 | $2.02 | $1.96 | $1.95 | $2.01 | $1.57 | $1.37 | $0.98 | $0.39 | $1.29 | $1.62 | $1.56 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.93% | 0.94% | 1.02% | 0.82% | 0.97% | 0.75% | 0.46% | 1.57% | 1.05% | - | - | 1.08% | 0.97% | 0.99% | 1.17% | 0.91% |
According to 6 Wall Street analysts, Middleby's projected average Quarter EPS for Dec 23 is $2.46, with a low estimate of $2.43 and a high estimate of $2.51. This represents a 21.20% increase compared to MIDD previous annual EPS of $2.03 (Sep 23).
Middleby Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MIDD | Middleby | $132.80 | $169.75 | 27.82% | Buy |
| IEX | IDEX | $199.78 | $236.33 | 18.30% | Buy |
| NPO | EnPro Industries | $153.68 | $180.00 | 17.13% | Buy |
| FELE | Franklin Electric | $97.16 | $103.00 | 6.01% | Buy |
| AME | AMETEK | $167.51 | $173.30 | 3.46% | Buy |
| FLS | Flowserve | $46.65 | $48.00 | 2.89% | Buy |
| DCI | Donaldson Company | $70.71 | $68.25 | -3.48% | Hold |
| WTS | Watts Water | $194.51 | $186.00 | -4.38% | Buy |
| KAI | Kadant | $323.59 | $300.00 | -7.29% | - |
| ITT | ITT | $135.35 | $124.50 | -8.02% | Buy |
| IR | Ingersoll Rand | $91.03 | $70.33 | -22.74% | Buy |
| EPAC | Enerpac Tool Group | $41.21 | $23.00 | -44.19% | Hold |
MIDD Forecast FAQ
Is Middleby a good buy?
Yes, according to 6 Wall Street analysts, Middleby (MIDD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 83.33% of MIDD's total ratings.
What is MIDD's price target?
Middleby (MIDD) average price target is $169.75 with a range of $159 to $190, implying a 27.82% from its last price of $132.8. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Middleby stock go up soon?
According to Wall Street analysts' prediction for MIDD stock, the company can go up by 27.82% (from the last price of $132.8 to the average price target of $169.75), up by 43.07% based on the highest stock price target, and up by 19.73% based on the lowest stock price target.
Can Middleby stock reach $200?
MIDD's average twelve months analyst stock price target of $169.75 does not support the claim that Middleby can reach $200 in the near future.
What is Middleby's current price target trend?
1 Wall Street analyst forecast a $160 price target for Middleby (MIDD) this month, up 20.48% from its last price of $132.8. Compared to the last 3 and 12 months, the average price target increased by 20.48% and increased by 25.00%, respectively.
What are Middleby's analysts' financial forecasts?
Middleby's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.14B (high $4.18B, low $4.11B), average EBITDA is $734.14M (high $741.08M, low $728.78M), average net income is $567.62M (high $574.59M, low $562.23M), average SG&A $820.83M (high $828.58M, low $814.83M), and average EPS is $10.5 (high $10.63, low $10.4). MIDD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.3B (high $4.34B, low $4.27B), average EBITDA is $763.55M (high $770.76M, low $757.96M), average net income is $629.52M (high $637.25M, low $623.54M), average SG&A $853.7M (high $861.76M, low $847.46M), and average EPS is $11.64 (high $11.79, low $11.53).
Did the MIDD's actual financial results beat the analysts' financial forecasts?
Based on Middleby's last annual report (Dec 2023), the company's revenue was $4.05B, which missed the average analysts forecast of $4.05B by -0.03%. Apple's EBITDA was $403.48M, missing the average prediction of $738.1M by -45.33%. The company's net income was $403.48M, missing the average estimation of $478.83M by -15.74%. Apple's SG&A was $0, missing the average forecast of $834.4M by -100.00%. Lastly, the company's EPS was $7.53, missing the average prediction of $9.11 by -17.30%. In terms of the last quarterly report (Sep 2023), Middleby's revenue was $980.65M, missing the average analysts' forecast of $1.02B by -4.03%. The company's EBITDA was $179.92M, missing the average prediction of $181.37M by -0.80%. Middleby's net income was $108.65M, missing the average estimation of $125.72M by -13.58%. The company's SG&A was $196.43M, missing the average forecast of $202.78M by -3.13%. Lastly, the company's EPS was $2.03, missing the average prediction of $2.33 by -12.69%