Titan Machinery (TITN) Stock Forecast, Price Target & Predictions
TITN Stock Forecast
Titan Machinery stock forecast is as follows: an average price target of $25.25 (represents a 89.71% upside from TITN’s last price of $13.31) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.
TITN Price Target
The average price target for Titan Machinery (TITN) is $25.25 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $40.00 to $15.00. This represents a potential 89.71% upside from TITN's last price of $13.31.
TITN Analyst Ratings
According to 5 Wall Street analysts, Titan Machinery's rating consensus is 'Hold'. The analyst rating breakdown for TITN stock is 0 'Strong Buy' (0.00%), 2 'Buy' (40.00%), 3 'Hold' (60.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Titan Machinery Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 03, 2024 | Alex Rygiel | B.Riley Financial | $15.00 | $14.10 | 6.38% | 12.70% |
| Aug 15, 2024 | Eric Des Lauriers | Craig-Hallum | $16.00 | $13.12 | 21.95% | 20.21% |
| Jun 05, 2024 | Alex Rygiel | B.Riley Financial | $20.00 | $17.85 | 12.04% | 50.26% |
| May 29, 2024 | Ben Klieve | Loop Capital Markets | $30.00 | $18.89 | 58.81% | 125.39% |
| May 24, 2024 | Eric Des Lauriers | Craig-Hallum | $25.00 | $19.12 | 30.75% | 87.83% |
| May 23, 2024 | Ben Klieve | Loop Capital Markets | $40.00 | $20.55 | 94.65% | 200.53% |
| Nov 30, 2022 | Mircea Dobre | Robert W. Baird | $40.00 | $42.70 | -6.31% | 200.53% |
| Jul 11, 2022 | Mircea Dobre | Robert W. Baird | $27.00 | $24.89 | 8.48% | 102.85% |
The latest Titan Machinery stock forecast, released on Sep 03, 2024 by Alex Rygiel from B.Riley Financial, set a price target of $15.00, which represents a 6.38% increase from the stock price at the time of the forecast ($14.10), and a 12.70% increase from TITN last price ($13.31).
Titan Machinery Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 6 |
| Avg Price Target | $15.00 | $15.50 | $24.33 |
| Last Closing Price | $13.31 | $13.31 | $13.31 |
| Upside/Downside | 12.70% | 16.45% | 82.79% |
In the current month, the average price target of Titan Machinery stock is $15.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.70% increase as opposed to Titan Machinery's last price of $13.31. This month's average price target is down -3.23% compared to last quarter, and down -38.35% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 13, 2024 | Northland Securities | Buy | Buy | Hold |
| Sep 13, 2024 | Noble Capital Markets | Underperform | Underperform | Hold |
| Aug 15, 2024 | Lake Street | Buy | Hold | Downgrade |
| Aug 15, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Jun 05, 2024 | B. Riley | Buy | Neutral | Downgrade |
| May 24, 2024 | Craig-Hallum | Buy | Buy | Hold |
| May 23, 2024 | Lake Street | Buy | Buy | Hold |
| Mar 17, 2023 | Morgan Stanley | Neutral | Neutral | Hold |
| Dec 13, 2022 | B. Riley | - | Buy | Initialise |
Titan Machinery's last stock rating was published by Northland Securities on Sep 13, 2024. The company gave TITN a "Buy" rating, the same as its previous rate.
Titan Machinery Financial Forecast
Titan Machinery Revenue Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | Apr 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $852.13M | $694.12M | $642.57M | - | $582.98M | $668.77M | $496.54M | $461.01M | $507.60M | $453.98M | $377.63M | $372.71M | $436.68M | $360.87M | $303.46M | $310.21M | $350.96M | $360.94M | $314.98M | $278.29M | $352.29M | $245.68M |
| Avg Forecast | $675.65M | $647.55M | $593.23M | $564.02M | $722.44M | $675.30M | $645.28M | $661.73M | $734.99M | $727.20M | $602.41M | $589.20M | $684.36M | $597.35M | $439.77M | $408.25M | $524.60M | $429.88M | $372.73M | $337.65M | $369.60M | $329.32M | $266.93M | $251.05M | $362.38M | $373.65M | $315.40M | $250.38M | $356.05M | $475.45M |
| High Forecast | $692.36M | $663.56M | $607.89M | $577.97M | $736.83M | $677.59M | $661.24M | $678.09M | $753.16M | $732.16M | $617.30M | $603.77M | $701.28M | $612.12M | $439.77M | $408.25M | $524.60M | $429.88M | $372.73M | $337.65M | $369.60M | $329.32M | $266.93M | $251.05M | $362.38M | $373.65M | $315.40M | $250.38M | $356.05M | $570.54M |
| Low Forecast | $655.39M | $628.13M | $575.44M | $547.11M | $708.04M | $673.00M | $625.94M | $641.89M | $712.95M | $724.56M | $584.34M | $571.53M | $663.84M | $579.44M | $439.77M | $408.25M | $524.60M | $429.88M | $372.73M | $337.65M | $369.60M | $329.32M | $266.93M | $251.05M | $362.38M | $373.65M | $315.40M | $250.38M | $356.05M | $380.36M |
| # Analysts | 2 | - | - | - | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | 1.16% | 0.95% | 1.07% | - | 0.85% | 1.12% | 1.13% | 1.13% | 0.97% | 1.06% | 1.01% | 1.10% | 1.18% | 1.10% | 1.14% | 1.24% | 0.97% | 0.97% | 1.00% | 1.11% | 0.99% | 0.52% |
Titan Machinery's average Quarter revenue forecast for May 24 based on 1 analysts is $661.73M, with a low forecast of $641.89M, and a high forecast of $678.09M. TITN's average Quarter revenue forecast represents a -22.34% decrease compared to the company's last Quarter revenue of $852.13M (Jan 24).
Titan Machinery EBITDA Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | Apr 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | - | - | - | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | $49.31M | $54.46M | $52.98M | - | $32.73M | $63.89M | $40.51M | $30.26M | $35.96M | $35.89M | $22.50M | $20.41M | $12.95M | $22.33M | $16.08M | $10.64M | $4.86M | $22.61M | $16.99M | $8.07M | $6.28M | $6.74M |
| Avg Forecast | $41.32M | $39.60M | $36.28M | $34.49M | $44.18M | $41.29M | $39.46M | $40.15M | $44.94M | $44.47M | $36.84M | $36.50M | $41.85M | $18.15M | $26.89M | $33.18M | $32.08M | $26.29M | $22.79M | $10.78M | $22.60M | $20.14M | $16.32M | $5.34M | $22.16M | $22.85M | $19.29M | $33.91M | $21.77M | $9.05M |
| High Forecast | $42.34M | $40.58M | $37.17M | $35.34M | $45.06M | $41.43M | $40.43M | $48.18M | $46.06M | $44.77M | $37.75M | $43.80M | $42.88M | $21.78M | $26.89M | $39.81M | $32.08M | $26.29M | $22.79M | $12.94M | $22.60M | $20.14M | $16.32M | $6.41M | $22.16M | $22.85M | $19.29M | $40.69M | $21.77M | $10.86M |
| Low Forecast | $40.08M | $38.41M | $35.19M | $33.46M | $43.30M | $41.15M | $38.28M | $32.12M | $43.60M | $44.31M | $35.73M | $29.20M | $40.59M | $14.52M | $26.89M | $26.54M | $32.08M | $26.29M | $22.79M | $8.62M | $22.60M | $20.14M | $16.32M | $4.27M | $22.16M | $22.85M | $19.29M | $27.13M | $21.77M | $7.24M |
| Surprise % | - | - | - | - | - | - | - | - | 1.10% | 1.22% | 1.44% | - | 0.78% | 3.52% | 1.51% | 0.91% | 1.12% | 1.37% | 0.99% | 1.89% | 0.57% | 1.11% | 0.99% | 1.99% | 0.22% | 0.99% | 0.88% | 0.24% | 0.29% | 0.75% |
1 analysts predict TITN's average Quarter EBITDA for May 24 to be $40.15M, with a high of $48.18M and a low of $32.12M. This is -18.59% lower than Titan Machinery's previous annual EBITDA (Jan 24) of $49.31M.
Titan Machinery Net Income Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | Apr 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | - | - | - | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 15 |
| Net Income | - | - | - | - | - | - | - | - | $23.96M | $30.19M | $31.32M | - | $18.11M | $41.26M | $24.96M | $17.54M | $22.43M | $21.82M | $11.25M | $10.55M | $782.00K | $9.91M | $6.40M | $2.26M | $673.00K | $8.21M | $5.51M | $-445.00K | $-2.16M | $-1.61M |
| Avg Forecast | $-2.79M | $4.52M | $-980.06K | $-10.71M | $-9.27M | $678.51K | $6.50M | $25.04M | $23.06M | $34.56M | $26.35M | $22.77M | $25.65M | $9.07M | $15.73M | $20.70M | $12.12M | $15.22M | $9.98M | $651.23K | $2.87M | $7.83M | $-338.19K | $740.30K | $225.46K | $10.65M | $7.33M | $-11.66M | $169.09K | $2.17M |
| High Forecast | $-2.68M | $4.67M | $-941.86K | $-10.29M | $-8.85M | $775.44K | $6.71M | $30.05M | $23.80M | $35.93M | $27.20M | $27.32M | $26.47M | $10.89M | $15.73M | $24.84M | $12.12M | $15.22M | $9.98M | $781.47K | $2.87M | $7.83M | $-338.19K | $888.36K | $225.46K | $10.65M | $7.33M | $-9.33M | $169.09K | $2.60M |
| Low Forecast | $-2.88M | $4.35M | $-1.01M | $-11.05M | $-9.48M | $484.65K | $6.25M | $20.04M | $22.16M | $33.41M | $25.33M | $18.21M | $24.65M | $7.26M | $15.73M | $16.56M | $12.12M | $15.22M | $9.98M | $520.98K | $2.87M | $7.83M | $-338.19K | $592.24K | $225.46K | $10.65M | $7.33M | $-13.99M | $169.09K | $1.73M |
| Surprise % | - | - | - | - | - | - | - | - | 1.04% | 0.87% | 1.19% | - | 0.71% | 4.55% | 1.59% | 0.85% | 1.85% | 1.43% | 1.13% | 16.20% | 0.27% | 1.27% | -18.92% | 3.06% | 2.99% | 0.77% | 0.75% | 0.04% | -12.77% | -0.75% |
Titan Machinery's average Quarter net income forecast for May 24 is $25.04M, with a range of $20.04M to $30.05M. TITN's average Quarter net income forecast represents a 4.51% increase compared to the company's last Quarter net income of $23.96M (Jan 24).
Titan Machinery SG&A Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | Apr 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | - | - | - | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 15 |
| SG&A | - | - | - | - | - | - | - | - | $100.33M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $97.38M | $93.33M | $85.50M | $81.29M | $104.12M | $97.33M | $93.00M | $95.37M | $105.93M | $104.81M | $86.82M | $84.92M | $98.64M | $86.10M | $63.38M | $58.84M | $75.61M | $61.96M | $53.72M | $48.67M | $53.27M | $47.47M | $38.47M | $36.18M | $52.23M | $53.85M | $45.46M | $36.09M | $51.32M | $68.53M |
| High Forecast | $99.79M | $95.64M | $87.62M | $83.30M | $106.20M | $97.66M | $95.30M | $97.73M | $108.55M | $105.53M | $88.97M | $87.02M | $101.08M | $88.22M | $63.38M | $58.84M | $75.61M | $61.96M | $53.72M | $48.67M | $53.27M | $47.47M | $38.47M | $36.18M | $52.23M | $53.85M | $45.46M | $36.09M | $51.32M | $82.23M |
| Low Forecast | $94.46M | $90.53M | $82.94M | $78.86M | $102.05M | $97.00M | $90.22M | $92.52M | $102.76M | $104.43M | $84.22M | $82.37M | $95.68M | $83.51M | $63.38M | $58.84M | $75.61M | $61.96M | $53.72M | $48.67M | $53.27M | $47.47M | $38.47M | $36.18M | $52.23M | $53.85M | $45.46M | $36.09M | $51.32M | $54.82M |
| Surprise % | - | - | - | - | - | - | - | - | 0.95% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Titan Machinery's average Quarter SG&A projection for May 24 is $95.37M, based on 1 Wall Street analysts, with a range of $92.52M to $97.73M. The forecast indicates a -4.94% fall compared to TITN last annual SG&A of $100.33M (Jan 24).
Titan Machinery EPS Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | Apr 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | - | - | - | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | $1.32 | $1.38 | - | $0.80 | $1.82 | $1.10 | $0.78 | $0.99 | $0.97 | $0.50 | $0.47 | $0.03 | $0.44 | $0.28 | $0.10 | $0.03 | $0.37 | $0.25 | $-0.02 | $-0.10 | $-0.07 |
| Avg Forecast | $-0.12 | $0.20 | $-0.04 | $-0.47 | $-0.41 | $0.03 | $0.29 | $0.61 | $1.02 | $1.53 | $1.17 | $1.02 | $1.13 | $1.16 | $0.70 | $0.53 | $0.54 | $0.68 | $0.44 | $0.16 | $0.13 | $0.35 | $-0.01 | $-0.13 | $0.01 | $0.47 | $0.33 | $-0.05 | $0.01 | $-0.18 |
| High Forecast | $-0.12 | $0.21 | $-0.04 | $-0.45 | $-0.39 | $0.03 | $0.30 | $0.63 | $1.05 | $1.59 | $1.20 | $1.05 | $1.17 | $1.20 | $0.70 | $0.53 | $0.54 | $0.68 | $0.44 | $0.16 | $0.13 | $0.35 | $-0.01 | $-0.13 | $0.01 | $0.47 | $0.33 | $-0.05 | $0.01 | $-0.14 |
| Low Forecast | $-0.13 | $0.19 | $-0.04 | $-0.49 | $-0.42 | $0.02 | $0.28 | $0.59 | $0.98 | $1.48 | $1.12 | $0.98 | $1.09 | $1.11 | $0.70 | $0.53 | $0.54 | $0.68 | $0.44 | $0.16 | $0.13 | $0.35 | $-0.01 | $-0.13 | $0.01 | $0.47 | $0.33 | $-0.05 | $0.01 | $-0.22 |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.86% | 1.18% | - | 0.71% | 1.57% | 1.58% | 1.46% | 1.84% | 1.44% | 1.13% | 2.97% | 0.27% | 1.26% | -18.92% | -0.81% | 3.01% | 0.78% | 0.76% | 0.42% | -12.96% | 0.40% |
According to 2 Wall Street analysts, Titan Machinery's projected average Quarter EPS for Jan 24 is $1.02, with a low estimate of $0.98 and a high estimate of $1.05. This represents a -22.77% decrease compared to TITN previous annual EPS of $1.32 (Oct 23).
Titan Machinery Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TITN | Titan Machinery | $13.31 | $25.25 | 89.71% | Hold |
| MSM | MSC Industrial Direct | $79.48 | $105.71 | 33.00% | Buy |
| BXC | BlueLinx | $102.10 | $135.00 | 32.22% | Buy |
| CNM | Core & Main | $40.83 | $49.60 | 21.48% | Buy |
| SITE | SiteOne Landscape Supply | $141.04 | $151.71 | 7.57% | Hold |
| AIT | Applied Industrial | $203.98 | $218.33 | 7.04% | Buy |
| FERG | Ferguson | $193.07 | $206.00 | 6.70% | Buy |
| WSO | Watsco | $476.71 | $370.00 | -22.38% | Hold |
TITN Forecast FAQ
Is Titan Machinery a good buy?
No, according to 5 Wall Street analysts, Titan Machinery (TITN) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 40.00% of TITN's total ratings.
What is TITN's price target?
Titan Machinery (TITN) average price target is $25.25 with a range of $15 to $40, implying a 89.71% from its last price of $13.31. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Titan Machinery stock go up soon?
According to Wall Street analysts' prediction for TITN stock, the company can go up by 89.71% (from the last price of $13.31 to the average price target of $25.25), up by 200.53% based on the highest stock price target, and up by 12.70% based on the lowest stock price target.
Can Titan Machinery stock reach $20?
TITN's average twelve months analyst stock price target of $25.25 supports the claim that Titan Machinery can reach $20 in the near future.
What is Titan Machinery's current price target trend?
1 Wall Street analyst forecast a $15 price target for Titan Machinery (TITN) this month, up 12.70% from its last price of $13.31. Compared to the last 3 and 12 months, the average price target increased by 16.45% and increased by 82.79%, respectively.
What are Titan Machinery's analysts' financial forecasts?
Titan Machinery's analysts financial forecasts for the fiscal year (Jan 2025) are as follows: average revenue is $2.7B (high $2.75B, low $2.65B), average EBITDA is $165.08M (high $175.1M, low $154.84M), average net income is $22.95M (high $28.69M, low $17.29M), average SG&A $389.83M (high $396.9M, low $381.78M), and average EPS is $0.521 (high $0.573, low $0.468). TITN's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $2.48B (high $2.54B, low $2.41B), average EBITDA is $151.68M (high $155.43M, low $147.13M), average net income is $-9.951M (high $-9.242M, low $-10.593M), average SG&A $357.51M (high $366.35M, low $346.79M), and average EPS is $-0.44 (high $-0.409, low $-0.468).
Did the TITN's actual financial results beat the analysts' financial forecasts?
Based on Titan Machinery's last annual report (Jan 2024), the company's revenue was $2.76B, beating the average analysts forecast of $2.65B by 3.94%. Apple's EBITDA was $200.32M, beating the average prediction of $162.75M by 23.09%. The company's net income was $112.44M, beating the average estimation of $106.73M by 5.35%. Apple's SG&A was $362.51M, missing the average forecast of $382.49M by -5.22%. Lastly, the company's EPS was $0, missing the average prediction of $4.73 by -100.00%. In terms of the last quarterly report (Jan 2024), Titan Machinery's revenue was $852.13M, beating the average analysts' forecast of $734.99M by 15.94%. The company's EBITDA was $49.32M, beating the average prediction of $44.94M by 9.73%. Titan Machinery's net income was $23.96M, beating the average estimation of $23.06M by 3.93%. The company's SG&A was $100.33M, missing the average forecast of $105.93M by -5.29%. Lastly, the company's EPS was $0, missing the average prediction of $1.02 by -100.00%