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Meritage Homes (MTH) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MTH Stock Forecast

Meritage Homes stock forecast is as follows: an average price target of $206.80 (represents a 26.25% upside from MTH’s last price of $163.80) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

MTH Price Target

The average price target for Meritage Homes (MTH) is $206.80 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $235.00 to $153.00. This represents a potential 26.25% upside from MTH's last price of $163.80.

MTH Analyst Ratings

Buy

According to 10 Wall Street analysts, Meritage Homes's rating consensus is 'Buy'. The analyst rating breakdown for MTH stock is 0 'Strong Buy' (0.00%), 7 'Buy' (70.00%), 2 'Hold' (20.00%), 1 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).

Meritage Homes Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Susan MaklariGoldman Sachs$235.00$177.5432.36%43.47%
Oct 15, 2024Jay McCanlessWedbush$195.00$197.82-1.43%19.05%
Aug 13, 2024Truman PattersonWolfe Research$230.00$179.8027.92%40.42%
Aug 05, 2024Kenneth ZenerSeaport Global$153.00$191.31-20.03%-6.59%
Jul 15, 2024Stephen KimEvercore ISI$221.00$177.9424.20%34.92%
Jun 13, 2024Stephen KimEvercore ISI$219.00$170.0928.76%33.70%
Jan 12, 2023Goldman Sachs$103.00$101.861.12%-37.12%
Apr 29, 2022Credit Suisse$106.00$85.4124.11%-35.29%
Jun 30, 2021Susan MaklariGoldman Sachs$110.00$94.0816.92%-32.84%

The latest Meritage Homes stock forecast, released on Oct 31, 2024 by Susan Maklari from Goldman Sachs, set a price target of $235.00, which represents a 32.36% increase from the stock price at the time of the forecast ($177.54), and a 43.47% increase from MTH last price ($163.80).

Meritage Homes Price Target by Period

1M3M12M
# Anlaysts-26
Avg Price Target-$215.00$208.83
Last Closing Price$163.80$163.80$163.80
Upside/Downside-100.00%31.26%27.49%

In the current month, the average price target of Meritage Homes stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Meritage Homes's last price of $163.80. 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
Oct 31, 2024Goldman SachsNeutralBuyUpgrade
Oct 15, 2024WedbushUnderperformNeutralUpgrade
Aug 13, 2024Wolfe ResearchOutperformUpgrade
Aug 05, 2024Seaport GlobalBuySellDowngrade
Jul 31, 2024Raymond JamesOutperformOutperformHold
Jul 26, 2024WedbushUnderperformUnderperformHold
Jul 23, 2024Raymond JamesOutperformInitialise
Jul 15, 2024Evercore ISIOutperformOutperformHold
Jun 13, 2024Evercore ISIOutperformOutperformHold
May 08, 2024Keefe, Bruyette & WoodsMarket PerformMarket PerformHold
Apr 02, 2024WedbushUnderperformDowngrade
Feb 26, 2024ZelmanOutperformUpgrade
Nov 02, 2023Seaport GlobalBuyUpgrade
Jan 12, 2023Goldman SachsNeutralNeutralHold
Sep 19, 2022KeyBancOverweightUpgrade
Apr 29, 2022Credit SuisseOutperformOutperformHold

Meritage Homes's last stock rating was published by Goldman Sachs on Oct 31, 2024. The company Upgrade its MTH rating from "Neutral" to "Buy".

Meritage Homes Financial Forecast

Meritage Homes 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------------$1.65B$1.61B$1.57B$1.29B$2.00B$1.59B$1.42B$1.29B$1.51B$1.27B$1.28B$1.09B$1.42B$1.14B$1.04B$905.59M$1.14B$948.19M
Avg Forecast$2.21B$1.93B$1.83B$1.49B$1.94B$1.83B$1.78B$1.42B$1.57B$1.58B$1.57B$1.28B$1.52B$1.56B$1.31B$1.04B$1.97B$1.65B$1.37B$1.28B$1.50B$1.20B$1.15B$1.05B$1.30B$1.08B$847.94M$840.16M$1.03B$929.57M
High Forecast$2.32B$2.02B$1.92B$1.57B$2.04B$1.92B$1.87B$1.53B$1.62B$1.58B$1.57B$1.28B$1.59B$1.63B$1.38B$1.09B$2.07B$1.65B$1.37B$1.28B$1.50B$1.20B$1.15B$1.05B$1.30B$1.08B$847.94M$840.16M$1.03B$929.57M
Low Forecast$2.07B$1.80B$1.71B$1.40B$1.82B$1.71B$1.67B$1.30B$1.54B$1.57B$1.57B$1.28B$1.49B$1.49B$1.23B$972.05M$1.85B$1.65B$1.37B$1.28B$1.50B$1.20B$1.15B$1.05B$1.30B$1.08B$847.94M$840.16M$1.03B$929.57M
# Analysts4444333573991076322223456659644
Surprise %------------1.09%1.03%1.19%1.24%1.01%0.96%1.03%1.01%1.00%1.06%1.12%1.04%1.09%1.06%1.22%1.08%1.11%1.02%

Meritage Homes's average Quarter revenue forecast for Mar 24 based on 9 analysts is $1.28B, with a low forecast of $1.28B, and a high forecast of $1.28B. MTH's average Quarter revenue forecast represents a -22.55% decrease compared to the company's last Quarter revenue of $1.65B (Dec 23).

Meritage Homes 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
# Analysts4444333573991076322223456659644
EBITDA------------$344.13M$366.48M$324.84M$170.51M$349.45M$335.31M$337.66M$291.68M$317.92M$268.27M$222.61M$172.60M$203.92M$143.51M$125.51M$93.86M$118.92M$100.61M
Avg Forecast$343.33M$299.15M$283.99M$231.76M$301.72M$283.76M$276.79M$221.17M$244.00M$244.65M$243.92M$357.28M$236.48M$242.11M$203.98M$282.44M$336.96M$257.27M$214.74M$223.27M$234.28M$186.83M$179.54M$103.84M$203.73M$169.04M$132.51M$58.88M$161.34M$145.27M
High Forecast$360.71M$314.29M$298.37M$243.49M$316.99M$298.13M$290.80M$237.80M$251.77M$244.87M$243.92M$428.74M$247.37M$253.37M$214.31M$338.93M$404.35M$257.27M$214.74M$267.93M$234.28M$186.83M$179.54M$124.61M$203.73M$169.04M$132.51M$70.66M$161.34M$145.27M
Low Forecast$321.41M$280.05M$265.86M$216.97M$282.46M$265.65M$259.12M$201.21M$239.33M$244.43M$243.92M$285.83M$231.81M$230.72M$190.96M$225.95M$269.56M$257.27M$214.74M$178.62M$234.28M$186.83M$179.54M$83.07M$203.73M$169.04M$132.51M$47.11M$161.34M$145.27M
Surprise %------------1.46%1.51%1.59%0.60%1.04%1.30%1.57%1.31%1.36%1.44%1.24%1.66%1.00%0.85%0.95%1.59%0.74%0.69%

9 analysts predict MTH's average Quarter EBITDA for Mar 24 to be $357.28M, with a high of $428.74M and a low of $285.83M. This is 3.82% upper than Meritage Homes's previous annual EBITDA (Dec 23) of $344.13M.

Meritage Homes 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
# Analysts4444333573991076322223456659644
Net Income------------$198.85M$221.76M$186.84M$131.30M$262.37M$262.49M$250.08M$217.25M$237.46M$200.75M$167.39M$131.84M$152.53M$109.12M$90.68M$71.15M$103.61M$69.81M
Avg Forecast$264.62M$225.44M$239.24M$158.36M$225.10M$209.56M$215.67M$137.15M$166.20M$182.39M$188.53M$266.12M$188.96M$187.59M$126.66M$210.37M$251.68M$237.19M$215.17M$166.30M$219.98M$163.76M$120.32M$79.32M$122.33M$87.33M$55.88M$44.64M$70.66M$55.02M
High Forecast$282.03M$240.27M$254.98M$168.78M$239.91M$223.35M$229.86M$154.77M$191.54M$182.92M$188.54M$319.34M$197.71M$198.90M$135.00M$252.44M$302.01M$237.19M$215.17M$199.56M$219.98M$163.76M$120.32M$95.18M$122.33M$87.33M$55.88M$53.56M$70.66M$55.02M
Low Forecast$242.66M$206.73M$219.39M$145.22M$206.41M$192.17M$197.77M$118.50M$153.89M$181.86M$188.52M$212.89M$180.57M$181.38M$116.15M$168.29M$201.34M$237.19M$215.17M$133.04M$219.98M$163.76M$120.32M$63.46M$122.33M$87.33M$55.88M$35.71M$70.66M$55.02M
Surprise %------------1.05%1.18%1.48%0.62%1.04%1.11%1.16%1.31%1.08%1.23%1.39%1.66%1.25%1.25%1.62%1.59%1.47%1.27%

Meritage Homes's average Quarter net income forecast for Mar 24 is $266.12M, with a range of $212.89M to $319.34M. MTH's average Quarter net income forecast represents a 33.83% increase compared to the company's last Quarter net income of $198.85M (Dec 23).

Meritage Homes 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
# Analysts4444333573991076322223456659644
SG&A------------$68.97M$63.09M$52.14M$130.37M$167.07M$126.33M$117.31M$105.53M$127.97M$116.14M$117.05M$105.69M$130.97M$114.02M$106.58M$95.34M$111.16M$100.64M
Avg Forecast$211.85M$184.58M$175.23M$143.00M$186.17M$175.09M$170.79M$136.47M$150.55M$150.96M$150.51M$129.27M$145.91M$149.39M$125.86M$102.19M$135.63M$157.76M$131.68M$80.78M$143.66M$114.56M$110.09M$63.59M$124.92M$103.65M$81.25M$59.81M$98.93M$89.08M
High Forecast$222.57M$193.93M$184.10M$150.24M$195.59M$183.95M$179.43M$146.73M$155.35M$151.09M$150.51M$155.12M$152.63M$156.34M$132.24M$122.63M$162.76M$157.76M$131.68M$96.94M$143.66M$114.56M$110.09M$76.31M$124.92M$103.65M$81.25M$71.78M$98.93M$89.08M
Low Forecast$198.32M$172.80M$164.05M$133.87M$174.29M$163.91M$159.88M$124.15M$147.68M$150.82M$150.51M$103.42M$143.03M$142.36M$117.83M$81.75M$108.50M$157.76M$131.68M$64.63M$143.66M$114.56M$110.09M$50.87M$124.92M$103.65M$81.25M$47.85M$98.93M$89.08M
Surprise %------------0.47%0.42%0.41%1.28%1.23%0.80%0.89%1.31%0.89%1.01%1.06%1.66%1.05%1.10%1.31%1.59%1.12%1.13%

Meritage Homes's average Quarter SG&A projection for Mar 24 is $129.27M, based on 9 Wall Street analysts, with a range of $103.42M to $155.12M. The forecast indicates a 87.42% rise compared to MTH last annual SG&A of $68.97M (Dec 23).

Meritage Homes 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
# Analysts4444333573991076322223456659644
EPS------------$5.46$6.06$5.08$3.58$7.17$7.18$6.82$5.87$6.36$5.33$4.43$3.50$4.06$2.90$2.41$1.87$2.71$1.82
Avg Forecast$7.22$6.15$6.52$4.32$6.14$5.71$5.88$3.74$4.53$4.97$5.14$3.55$5.15$5.12$3.45$2.58$7.02$6.46$5.86$4.80$5.99$4.46$3.28$2.50$3.33$2.38$1.52$1.21$1.92$1.50
High Forecast$7.69$6.55$6.95$4.60$6.54$6.09$6.27$4.22$5.22$4.99$5.14$3.55$5.39$5.42$3.68$2.75$7.49$6.46$5.86$4.80$5.99$4.46$3.28$2.50$3.33$2.38$1.52$1.21$1.92$1.50
Low Forecast$6.62$5.64$5.98$3.96$5.63$5.24$5.39$3.23$4.20$4.96$5.14$3.55$4.92$4.95$3.17$2.37$6.44$6.46$5.86$4.80$5.99$4.46$3.28$2.50$3.33$2.38$1.52$1.21$1.92$1.50
Surprise %------------1.06%1.18%1.47%1.39%1.02%1.11%1.16%1.22%1.06%1.20%1.35%1.40%1.22%1.22%1.58%1.54%1.41%1.21%

According to 9 Wall Street analysts, Meritage Homes's projected average Quarter EPS for Mar 24 is $3.55, with a low estimate of $3.55 and a high estimate of $3.55. This represents a -34.93% decrease compared to MTH previous annual EPS of $5.46 (Dec 23).

Meritage Homes Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BZHBeazer Homes USA$30.01$45.0049.95%Buy
TPHTri Pointe Homes$38.18$51.0033.58%Hold
MHOM/I Homes$150.73$197.5031.03%Strong Buy
LGIHLGI Homes$96.47$125.0029.57%Hold
MTHMeritage Homes$163.80$206.8026.25%Buy
TMHCTaylor Morrison Home$63.84$77.2020.93%Buy
KBHKB Home$70.44$77.409.88%Buy
CCSCentury Communities$81.31$60.67-25.38%Buy

MTH Forecast FAQ

Is Meritage Homes a good buy?

Yes, according to 10 Wall Street analysts, Meritage Homes (MTH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 70.00% of MTH's total ratings.

What is MTH's price target?

Meritage Homes (MTH) average price target is $206.8 with a range of $153 to $235, implying a 26.25% from its last price of $163.8. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Meritage Homes stock go up soon?

According to Wall Street analysts' prediction for MTH stock, the company can go up by 26.25% (from the last price of $163.8 to the average price target of $206.8), up by 43.47% based on the highest stock price target, and down by -6.59% based on the lowest stock price target.

Can Meritage Homes stock reach $200?

MTH's average twelve months analyst stock price target of $206.8 supports the claim that Meritage Homes can reach $200 in the near future.

What are Meritage Homes's analysts' financial forecasts?

Meritage Homes's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.98B (high $7.36B, low $6.49B), average EBITDA is $1.08B (high $1.14B, low $1.01B), average net income is $787.47M (high $847.89M, low $714.85M), average SG&A $668.52M (high $705.71M, low $622.24M), and average EPS is $21.48 (high $23.12, low $19.49). MTH's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.46B (high $7.84B, low $6.98B), average EBITDA is $1.16B (high $1.22B, low $1.08B), average net income is $887.66M (high $946.07M, low $813.99M), average SG&A $714.66M (high $750.84M, low $669.04M), and average EPS is $24.21 (high $25.8, low $22.2).

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

Based on Meritage Homes's last annual report (Dec 2023), the company's revenue was $6.11B, beating the average analysts forecast of $5.43B by 12.50%. Apple's EBITDA was $1.27B, beating the average prediction of $965.01M by 31.65%. The company's net income was $738.75M, beating the average estimation of $713.58M by 3.53%. Apple's SG&A was $231.72M, missing the average forecast of $523.36M by -55.72%. Lastly, the company's EPS was $20.17, beating the average prediction of $16.3 by 23.73%. In terms of the last quarterly report (Dec 2023), Meritage Homes's revenue was $1.65B, beating the average analysts' forecast of $1.52B by 8.57%. The company's EBITDA was $344.12M, beating the average prediction of $236.48M by 45.52%. Meritage Homes's net income was $198.85M, beating the average estimation of $188.96M by 5.23%. The company's SG&A was $68.97M, missing the average forecast of $145.91M by -52.73%. Lastly, the company's EPS was $5.46, beating the average prediction of $5.15 by 5.96%