Meritage Homes (MTH) Stock Forecast, Price Target & Predictions
MTH Stock Forecast
Meritage Homes stock forecast is as follows: an average price target of $162.60 (represents a -20.12% downside from MTH’s last price of $203.56) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
MTH Price Target
The average price target for Meritage Homes (MTH) is $162.60 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $103.00. This represents a potential -20.12% downside from MTH's last price of $203.56.
MTH Analyst Ratings
According to 9 Wall Street analysts, Meritage Homes's rating consensus is 'Buy'. The analyst rating breakdown for MTH stock is 0 'Strong Buy' (0.00%), 6 'Buy' (66.67%), 2 'Hold' (22.22%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).
Meritage Homes Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 13, 2024 | Truman Patterson | Wolfe Research | $230.00 | $179.80 | 27.92% | 12.99% |
| Aug 05, 2024 | Kenneth Zener | Seaport Global | $153.00 | $191.31 | -20.03% | -24.84% |
| Jul 15, 2024 | Stephen Kim | Evercore ISI | $221.00 | $177.94 | 24.20% | 8.57% |
| Jun 13, 2024 | Stephen Kim | Evercore ISI | $219.00 | $170.09 | 28.76% | 7.58% |
| Jan 12, 2023 | - | Goldman Sachs | $103.00 | $101.86 | 1.12% | -49.40% |
| Apr 29, 2022 | - | Credit Suisse | $106.00 | $85.41 | 24.11% | -47.93% |
| Jun 30, 2021 | Susan Maklari | Goldman Sachs | $110.00 | $94.08 | 16.92% | -45.96% |
The latest Meritage Homes stock forecast, released on Aug 13, 2024 by Truman Patterson from Wolfe Research, set a price target of $230.00, which represents a 27.92% increase from the stock price at the time of the forecast ($179.80), and a 12.99% increase from MTH last price ($203.56).
Meritage Homes Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 4 |
| Avg Price Target | - | $201.33 | $205.75 |
| Last Closing Price | $203.56 | $203.56 | $203.56 |
| Upside/Downside | -100.00% | -1.10% | 1.08% |
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 $203.56. 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 |
|---|---|---|---|---|
| Aug 13, 2024 | Wolfe Research | - | Outperform | Upgrade |
| Aug 05, 2024 | Seaport Global | Buy | Sell | Downgrade |
| Jul 31, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 26, 2024 | Wedbush | Underperform | Underperform | Hold |
| Jul 23, 2024 | Raymond James | - | Outperform | Initialise |
| Jul 15, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jun 13, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| May 08, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Apr 02, 2024 | Wedbush | - | Underperform | Downgrade |
| Feb 26, 2024 | Zelman | - | Outperform | Upgrade |
Meritage Homes's last stock rating was published by Wolfe Research on Aug 13, 2024. The company Upgrade its MTH rating from "null" to "Outperform".
Meritage Homes Financial Forecast
Meritage Homes 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.65B | $1.61B | $1.57B | $1.29B | $2.00B | $1.59B | - | $1.29B | $1.51B | $1.27B | $1.28B | $1.09B | $1.42B | $1.14B | $1.04B | $905.59M | $1.14B | $948.19M |
| Avg Forecast | $1.68B | $1.78B | $1.82B | $1.70B | $1.75B | $1.76B | $1.70B | $1.44B | $1.55B | $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 | $1.73B | $1.83B | $1.88B | $1.76B | $1.81B | $1.81B | $1.75B | $1.49B | $1.60B | $1.65B | $1.62B | $1.32B | $1.59B | $1.63B | $1.36B | $1.07B | $2.04B | $1.70B | $1.37B | $1.41B | $1.65B | $1.32B | $1.27B | $1.16B | $1.44B | $1.19B | $935.07M | $926.49M | $1.14B | $1.03B |
| Low Forecast | $1.65B | $1.75B | $1.79B | $1.68B | $1.73B | $1.73B | $1.67B | $1.42B | $1.53B | $1.50B | $1.55B | $1.26B | $1.49B | $1.49B | $1.29B | $1.02B | $1.94B | $1.62B | $1.37B | $1.17B | $1.37B | $1.09B | $1.05B | $954.81M | $1.19B | $985.53M | $772.55M | $765.46M | $940.61M | $846.92M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 9 | 10 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.03% | 1.19% | 1.24% | 1.01% | 0.96% | - | 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 $1.26B, and a high forecast of $1.32B. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 9 | 10 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $344.13M | $366.48M | $324.84M | $170.51M | $349.45M | $335.31M | - | $291.68M | $317.92M | $268.27M | $222.61M | $172.60M | $203.92M | $143.51M | $125.51M | $93.86M | $118.92M | $100.61M |
| Avg Forecast | $262.45M | $277.67M | $284.24M | $266.37M | $273.68M | $274.66M | $265.34M | $225.34M | $242.63M | $246.63M | $245.46M | $357.28M | $237.97M | $243.63M | $205.27M | $282.44M | $308.51M | $242.04M | $214.74M | $223.27M | $306.32M | $220.04M | $163.89M | $103.84M | $166.90M | $117.90M | $99.94M | $58.88M | $73.88M | $81.16M |
| High Forecast | $270.82M | $286.53M | $293.31M | $274.87M | $282.41M | $283.42M | $273.81M | $232.52M | $250.37M | $257.63M | $253.29M | $428.74M | $248.93M | $254.97M | $211.81M | $338.93M | $318.35M | $290.45M | $214.74M | $267.93M | $367.59M | $264.05M | $196.67M | $124.61M | $200.28M | $141.48M | $119.93M | $70.66M | $88.66M | $97.39M |
| Low Forecast | $258.53M | $273.53M | $280.00M | $262.39M | $269.60M | $270.56M | $261.38M | $221.97M | $239.01M | $234.07M | $241.79M | $285.83M | $233.27M | $232.17M | $202.20M | $225.95M | $303.90M | $193.63M | $214.74M | $178.62M | $245.06M | $176.03M | $131.11M | $83.07M | $133.52M | $94.32M | $79.95M | $47.11M | $59.11M | $64.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.45% | 1.50% | 1.58% | 0.60% | 1.13% | 1.39% | - | 1.31% | 1.04% | 1.22% | 1.36% | 1.66% | 1.22% | 1.22% | 1.26% | 1.59% | 1.61% | 1.24% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 9 | 10 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $198.85M | $221.76M | $186.84M | $131.30M | $262.37M | $262.49M | - | $217.25M | $237.46M | $200.75M | $167.39M | $131.84M | $152.53M | $109.12M | $90.68M | $71.15M | $103.61M | $69.81M |
| Avg Forecast | $191.11M | $209.16M | $215.91M | $196.01M | $210.90M | $208.21M | $220.73M | $159.64M | $172.66M | $183.69M | $188.78M | $266.12M | $189.21M | $187.84M | $126.83M | $210.37M | $257.87M | $181.13M | $215.53M | $166.30M | $228.80M | $164.66M | $123.24M | $79.32M | $124.84M | $89.65M | $72.21M | $44.64M | $64.37M | $56.31M |
| High Forecast | $199.03M | $217.83M | $224.86M | $204.14M | $219.64M | $216.84M | $229.88M | $166.25M | $179.82M | $209.52M | $196.61M | $319.34M | $197.98M | $199.17M | $132.09M | $252.44M | $268.56M | $217.35M | $215.53M | $199.56M | $274.56M | $197.59M | $147.88M | $95.18M | $149.80M | $107.58M | $86.65M | $53.56M | $77.24M | $67.58M |
| Low Forecast | $187.40M | $205.09M | $211.71M | $192.21M | $206.81M | $204.17M | $216.44M | $156.54M | $169.31M | $171.69M | $185.12M | $212.89M | $180.81M | $181.63M | $124.37M | $168.29M | $252.86M | $144.90M | $215.53M | $133.04M | $183.04M | $131.73M | $98.59M | $63.46M | $99.87M | $71.72M | $57.77M | $35.71M | $51.50M | $45.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.18% | 1.47% | 0.62% | 1.02% | 1.45% | - | 1.31% | 1.04% | 1.22% | 1.36% | 1.66% | 1.22% | 1.22% | 1.26% | 1.59% | 1.61% | 1.24% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 9 | 10 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $68.97M | $63.09M | $52.14M | $130.37M | $167.07M | $126.33M | - | $105.53M | $127.97M | $116.14M | $117.05M | $105.69M | $130.97M | $114.02M | $106.58M | $95.34M | $111.16M | $100.64M |
| Avg Forecast | $160.93M | $170.27M | $174.29M | $163.34M | $167.82M | $168.42M | $162.71M | $138.17M | $148.78M | $151.23M | $150.51M | $129.27M | $145.92M | $149.39M | $125.87M | $102.19M | $189.17M | $104.79M | $131.68M | $80.78M | $123.30M | $95.26M | $86.17M | $63.59M | $107.20M | $93.68M | $84.87M | $59.81M | $69.05M | $81.18M |
| High Forecast | $166.06M | $175.69M | $179.85M | $168.54M | $173.17M | $173.79M | $167.89M | $142.58M | $153.52M | $157.97M | $155.31M | $155.12M | $152.64M | $156.34M | $129.88M | $122.63M | $195.21M | $125.75M | $131.68M | $96.94M | $147.96M | $114.32M | $103.41M | $76.31M | $128.64M | $112.41M | $101.85M | $71.78M | $82.87M | $97.42M |
| Low Forecast | $158.53M | $167.72M | $171.69M | $160.90M | $165.31M | $165.90M | $160.28M | $136.11M | $146.56M | $143.53M | $148.26M | $103.42M | $143.04M | $142.37M | $123.99M | $81.75M | $186.35M | $83.83M | $131.68M | $64.63M | $98.64M | $76.21M | $68.94M | $50.87M | $85.76M | $74.94M | $67.90M | $47.85M | $55.24M | $64.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 0.42% | 0.41% | 1.28% | 0.88% | 1.21% | - | 1.31% | 1.04% | 1.22% | 1.36% | 1.66% | 1.22% | 1.22% | 1.26% | 1.59% | 1.61% | 1.24% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 9 | 10 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $5.46 | $6.06 | $5.08 | $3.58 | $7.17 | $7.18 | - | $5.87 | $6.36 | $5.33 | $4.43 | $3.50 | $4.06 | $2.90 | $2.41 | $1.87 | $2.71 | $1.82 |
| Avg Forecast | $5.20 | $5.70 | $5.88 | $5.34 | $5.74 | $5.67 | $6.01 | $4.35 | $4.70 | $5.00 | $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 | $5.42 | $5.93 | $6.12 | $5.56 | $5.98 | $5.91 | $6.26 | $4.53 | $4.90 | $5.71 | $5.35 | $3.70 | $5.39 | $5.42 | $3.60 | $2.69 | $7.31 | $6.73 | $5.86 | $5.44 | $6.79 | $5.06 | $3.71 | $2.83 | $3.78 | $2.70 | $1.73 | $1.37 | $2.18 | $1.70 |
| Low Forecast | $5.10 | $5.59 | $5.77 | $5.23 | $5.63 | $5.56 | $5.89 | $4.26 | $4.61 | $4.68 | $5.04 | $3.48 | $4.92 | $4.95 | $3.39 | $2.53 | $6.89 | $6.33 | $5.86 | $4.25 | $5.30 | $3.94 | $2.90 | $2.21 | $2.95 | $2.10 | $1.35 | $1.07 | $1.70 | $1.33 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.18% | 1.47% | 1.39% | 1.02% | 1.11% | - | 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 $3.48 and a high estimate of $3.70. This represents a -34.93% decrease compared to MTH previous annual EPS of $5.46 (Dec 23).
Meritage Homes Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BZH | Beazer Homes USA | $33.59 | $41.00 | 22.06% | Buy |
| LGIH | LGI Homes | $114.47 | $107.25 | -6.31% | Hold |
| TMHC | Taylor Morrison Home | $68.66 | $64.20 | -6.50% | Buy |
| TPH | Tri Pointe Homes | $44.56 | $40.33 | -9.49% | Buy |
| MHO | M/I Homes | $166.49 | $141.50 | -15.01% | Strong Buy |
| MTH | Meritage Homes | $203.56 | $162.60 | -20.12% | Buy |
| KBH | KB Home | $86.04 | $56.38 | -34.47% | Hold |
| CCS | Century Communities | $103.41 | $60.67 | -41.33% | Buy |
MTH Forecast FAQ
Is Meritage Homes a good buy?
Yes, according to 9 Wall Street analysts, Meritage Homes (MTH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 66.67% of MTH's total ratings.
What is MTH's price target?
Meritage Homes (MTH) average price target is $162.6 with a range of $103 to $230, implying a -20.12% from its last price of $203.56. The data is based on 9 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 down by -20.12% (from the last price of $203.56 to the average price target of $162.6), up by 12.99% based on the highest stock price target, and down by -49.40% based on the lowest stock price target.
Can Meritage Homes stock reach $300?
MTH's average twelve months analyst stock price target of $162.6 does not support the claim that Meritage Homes can reach $300 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 $6.65B (high $6.86B, low $6.55B), average EBITDA is $1.04B (high $1.07B, low $1.02B), average net income is $799.48M (high $832.62M, low $783.96M), average SG&A $637.11M (high $657.43M, low $627.6M), and average EPS is $21.77 (high $22.68, low $21.35). MTH's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $6.98B (high $7.2B, low $6.88B), average EBITDA is $1.09B (high $1.13B, low $1.07B), average net income is $812.19M (high $845.85M, low $796.42M), average SG&A $668.83M (high $690.15M, low $658.84M), and average EPS is $22.12 (high $23.04, low $21.69).
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 $969.3M by 31.06%. The company's net income was $738.75M, beating the average estimation of $714.25M by 3.43%. Apple's SG&A was $231.72M, missing the average forecast of $523.37M 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 $237.97M by 44.61%. Meritage Homes's net income was $198.85M, beating the average estimation of $189.21M by 5.09%. The company's SG&A was $68.97M, missing the average forecast of $145.92M by -52.73%. Lastly, the company's EPS was $5.46, beating the average prediction of $5.15 by 5.96%