Middleby (MIDD) Stock Forecast, Price Target & Predictions


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MIDD Stock Forecast


Middleby stock forecast is as follows: an average price target of $169.75 (represents a 22.42% upside from MIDD’s last price of $138.66) 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 22.42% upside from MIDD's last price of $138.66.

MIDD Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 27, 2024Jeffrey HammondKeyBanc$160.00$140.5913.81%15.39%
Jun 05, 2024Saree BoroditskyJefferies$170.00$127.0133.85%22.60%
May 09, 2024Brian McNamaraCanaccord Genuity$159.00$138.5814.74%14.67%
Apr 17, 2024Jeffrey HammondKeyBanc$175.00$140.9624.15%26.21%
Nov 17, 2022-Canaccord Genuity$171.00$139.8422.28%23.32%
Apr 05, 2022Timothy TheinCitigroup$190.00$155.0322.56%37.03%
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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 15.39% increase from MIDD last price ($138.66).

Middleby Price Target by Period


1M3M12M
# Anlaysts-14
Avg Price Target-$160.00$166.00
Last Closing Price$138.66$138.66$138.66
Upside/Downside-100.00%15.39%19.72%

In the current month, the average price target of Middleby stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Middleby's last price of $138.66. 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
Aug 30, 2024Canaccord GenuityBuyBuyHold
Aug 27, 2024KeyBancOverweightOverweightHold
Jul 25, 2024Canaccord GenuityBuyBuyHold
Jun 27, 2024Raymond James-Market PerformInitialise
Jun 05, 2024JefferiesBuyBuyHold
May 09, 2024Canaccord GenuityBuyBuyHold
Apr 17, 2024KeyBancOverweightOverweightHold
Feb 21, 2024Canaccord GenuityBuyBuyHold
Aug 07, 2023BenchmarkBuyBuyHold
Jul 17, 2023CitigroupBuyBuyHold
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$1.08B$1.03B$1.07B$996.79M$1.04B$985.07M$1.02B$951.25M$995.22M$996.60M$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$1.10B$1.04B$1.09B$1.01B$1.06B$1.00B$1.04B$957.79M$1.04B$1.00B$994.05M$979.06M$1.03B$1.04B$1.05B$986.52M$1.03B$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
Low Forecast$1.07B$1.01B$1.06B$984.94M$1.03B$973.36M$1.01B$945.97M$977.97M$992.79M$994.05M$979.06M$1.01B$1.01B$1.02B$957.60M$999.70M$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
# Analysts111111137355694436334644854863
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137355694436334644854863
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$222.99M$211.51M$220.40M$205.53M$214.27M$203.11M$210.76M$196.14M$205.20M$205.49M$204.96M$210.83M$210.41M$210.68M$213.68M$191.66M$128.05M$181.80M$176.75M$174.24M$150.42M$146.69M$174.88M$129.34M$123.33M$106.69M$79.15M$128.57M$135.14M$135.05M
High Forecast$226.99M$215.31M$224.35M$209.22M$218.12M$206.76M$214.54M$197.49M$215.36M$206.27M$204.96M$252.99M$212.47M$214.26M$217.51M$229.99M$153.66M$181.80M$176.75M$209.08M$150.42M$146.69M$209.86M$129.34M$123.33M$106.69M$79.15M$154.29M$135.14M$135.05M
Low Forecast$220.34M$209.00M$217.78M$203.08M$211.73M$200.70M$208.26M$195.05M$201.65M$204.70M$204.96M$168.66M$207.91M$207.75M$211.14M$153.33M$102.44M$181.80M$176.75M$139.39M$150.42M$146.69M$139.91M$129.34M$123.33M$106.69M$79.15M$102.86M$135.14M$135.05M
Surprise %-------------0.85%0.90%0.85%1.48%0.91%1.00%0.76%0.78%1.87%1.02%--1.17%0.96%1.08%1.25%1.19%

6 analysts predict MIDD's average Quarter EBITDA for Dec 23 to be $210.41M, with a high of $212.47M and a low of $207.91M. This is 16.95% upper than Middleby's previous annual EBITDA (Sep 23) of $179.92M.

Middleby Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137355694436334644854863
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$168.92M$156.44M$155.90M$131.04M$151.63M$138.88M$136.93M$110.56M$138.24M$133.76M$124.62M$102.28M$132.95M$125.64M$127.02M$92.98M$56.34M$127.69M$116.62M$84.53M$109.86M$109.78M$118.25M$88.20M$76.96M$54.87M$21.82M$68.35M$90.97M$87.44M
High Forecast$172.86M$160.09M$159.53M$134.10M$155.17M$142.12M$140.12M$120.30M$154.92M$134.51M$124.63M$122.74M$135.67M$132.14M$129.98M$111.58M$67.61M$127.69M$116.62M$101.44M$113.64M$109.78M$141.91M$88.20M$76.96M$54.87M$21.82M$82.02M$90.97M$87.44M
Low Forecast$166.31M$154.02M$153.49M$129.01M$149.28M$136.73M$134.81M$105.98M$127.49M$133.01M$124.62M$81.82M$131.31M$116.97M$125.05M$74.39M$45.07M$127.69M$116.62M$67.62M$106.07M$109.78M$94.60M$88.20M$76.96M$54.87M$21.82M$54.68M$90.97M$87.44M
Surprise %-------------0.86%0.92%1.07%2.36%0.82%0.97%1.01%0.47%1.60%1.02%--1.10%0.97%1.08%1.20%0.94%

Middleby's average Quarter net income forecast for Dec 23 is $132.95M, with a range of $131.31M to $135.67M. MIDD's average Quarter net income forecast represents a 22.36% increase compared to the company's last Quarter net income of $108.65M (Sep 23).

Middleby SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137355694436334644854863
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$218.21M$206.98M$215.67M$201.12M$209.68M$198.76M$206.24M$191.93M$200.80M$201.08M$200.57M$245.78M$205.90M$206.17M$209.10M$223.44M$160.11M$203.27M$197.62M$203.13M$168.18M$164.01M$162.51M$144.61M$137.90M$119.29M$88.49M$133.36M$151.10M$151.00M
High Forecast$222.12M$210.69M$219.54M$204.73M$213.44M$202.32M$209.94M$193.25M$210.74M$201.85M$200.57M$294.94M$207.92M$209.67M$212.85M$268.13M$192.13M$203.27M$197.62M$243.75M$168.18M$164.01M$195.01M$144.61M$137.90M$119.29M$88.49M$160.03M$151.10M$151.00M
Low Forecast$215.61M$204.52M$213.11M$198.73M$207.19M$196.39M$203.79M$190.87M$197.32M$200.31M$200.57M$196.63M$203.45M$203.30M$206.61M$178.75M$128.09M$203.27M$197.62M$162.50M$168.18M$164.01M$130.01M$144.61M$137.90M$119.29M$88.49M$106.69M$151.10M$151.00M
Surprise %-------------0.95%0.97%0.96%1.25%0.99%0.96%1.01%0.88%1.07%1.02%--1.08%1.26%1.08%0.98%0.96%

Middleby's average Quarter SG&A projection for Dec 23 is $205.90M, based on 6 Wall Street analysts, with a range of $203.45M to $207.92M. The forecast indicates a 4.82% rise compared to MIDD last annual SG&A of $196.43M (Sep 23).

Middleby EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137355694436334644854863
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$3.13$2.90$2.88$2.42$2.81$2.57$2.53$2.05$2.56$2.48$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$3.20$2.96$2.95$2.48$2.87$2.63$2.59$2.23$2.87$2.49$2.31$2.06$2.51$2.45$2.41$2.02$2.50$2.36$2.16$2.10$2.10$2.03$2.08$1.63$1.42$1.01$0.40$1.34$1.68$1.62
Low Forecast$3.08$2.85$2.84$2.39$2.76$2.53$2.49$1.96$2.36$2.46$2.31$2.06$2.43$2.16$2.31$1.94$2.40$2.36$2.16$2.10$1.96$2.03$2.08$1.63$1.42$1.01$0.40$1.34$1.68$1.62
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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MIDDMiddleby$138.66$169.7522.42%Buy
IEXIDEX$227.45$237.444.39%Buy
NPOEnPro Industries$180.13$180.00-0.07%Buy
FELEFranklin Electric$106.64$103.00-3.41%Buy
WTSWatts Water$210.80$195.75-7.14%Buy
DCIDonaldson Company$76.01$68.25-10.21%Hold
AMEAMETEK$195.76$174.80-10.71%Buy
ITTITT$155.46$132.60-14.70%Buy
FLSFlowserve$60.05$51.00-15.07%Buy
KAIKadant$408.42$300.00-26.55%-
IRIngersoll Rand$103.04$70.67-31.41%Buy
EPACEnerpac Tool Group$47.89$23.00-51.97%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 22.42% from its last price of $138.66. 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 22.42% (from the last price of $138.66 to the average price target of $169.75), up by 37.03% based on the highest stock price target, and up by 14.67% 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 are Middleby's analysts' financial forecasts?

Middleby's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4B (high $4.06B, low $3.96B), average EBITDA is $824.28M (high $836.9M, low $815.73M), average net income is $537.99M (high $557.7M, low $526.81M), average SG&A $806.61M (high $818.96M, low $798.24M), and average EPS is $9.96 (high $10.32, low $9.75). MIDD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.17B (high $4.25B, low $4.12B), average EBITDA is $860.42M (high $875.87M, low $850.2M), average net income is $612.29M (high $626.58M, low $602.83M), average SG&A $841.98M (high $857.09M, low $831.97M), and average EPS is $11.33 (high $11.6, low $11.16).

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 $826.43M by -51.18%. The company's net income was $403.48M, missing the average estimation of $478.58M by -15.69%. Apple's SG&A was $0, missing the average forecast of $844.6M 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 $210.68M by -14.60%. Middleby's net income was $108.65M, missing the average estimation of $125.64M by -13.52%. The company's SG&A was $196.43M, missing the average forecast of $206.17M by -4.72%. Lastly, the company's EPS was $2.03, missing the average prediction of $2.33 by -12.69%