Titan Machinery (TITN) Stock Forecast, Price Target & Predictions
TITN Stock Forecast
Titan Machinery stock forecast is as follows: an average price target of $15.50 (represents a 12.16% upside from TITN’s last price of $13.82) 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 $15.50 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $16.00 to $15.00. This represents a potential 12.16% upside from TITN's last price of $13.82.
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% | 8.54% |
| Aug 15, 2024 | Eric Des Lauriers | Craig-Hallum | $16.00 | $13.12 | 21.95% | 15.77% |
| Jun 05, 2024 | Alex Rygiel | B.Riley Financial | $20.00 | $17.85 | 12.04% | 44.72% |
| May 29, 2024 | Ben Klieve | Loop Capital Markets | $30.00 | $18.89 | 58.81% | 117.08% |
| May 24, 2024 | Eric Des Lauriers | Craig-Hallum | $25.00 | $19.12 | 30.75% | 80.90% |
| May 23, 2024 | Ben Klieve | Loop Capital Markets | $40.00 | $20.55 | 94.65% | 189.44% |
| Nov 30, 2022 | Mircea Dobre | Robert W. Baird | $40.00 | $42.70 | -6.31% | 189.44% |
| Jul 11, 2022 | Mircea Dobre | Robert W. Baird | $27.00 | $24.89 | 8.48% | 95.37% |
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 8.54% increase from TITN last price ($13.82).
Titan Machinery Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $24.33 |
| Last Closing Price | $13.82 | $13.82 | $13.82 |
| Upside/Downside | -100.00% | -100.00% | 76.05% |
In the current month, the average price target of Titan Machinery stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Titan Machinery's last price of $13.82. This month's average price target is down NaN% compared to last quarter, and down -100.00% 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 27 | Oct 26 | Jul 26 | May 26 | 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $852.13M | $694.12M | $642.57M | - | $582.98M | $668.77M | $496.54M | - | $507.60M | $453.98M | $377.63M | - | $436.68M | $360.87M | $303.46M | - | $350.96M | $360.94M |
| Avg Forecast | $731.30M | $606.60M | $537.10M | $451.10M | $681.50M | $630.10M | $579.58M | $536.33M | $728.18M | $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 |
| High Forecast | $746.83M | $619.48M | $548.50M | $460.68M | $695.97M | $643.48M | $591.88M | $547.71M | $738.91M | $677.59M | $670.92M | $675.78M | $734.99M | $732.16M | $615.20M | $601.71M | $698.89M | $616.11M | $453.59M | $421.07M | $541.07M | $443.37M | $384.43M | $348.25M | $381.21M | $339.67M | $275.31M | $258.93M | $373.75M | $385.38M |
| Low Forecast | $712.31M | $590.85M | $523.15M | $439.39M | $663.80M | $613.74M | $564.53M | $522.40M | $717.44M | $673.00M | $619.65M | $644.55M | $734.99M | $724.56M | $586.76M | $573.90M | $666.59M | $574.47M | $422.93M | $392.61M | $504.51M | $413.41M | $358.45M | $324.72M | $355.44M | $316.71M | $256.70M | $241.43M | $348.49M | $359.34M |
| # Analysts | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 0.95% | 1.07% | - | 0.85% | 1.12% | 1.13% | - | 0.97% | 1.06% | 1.01% | - | 1.18% | 1.10% | 1.14% | - | 0.97% | 0.97% |
Titan Machinery's average Quarter revenue forecast for May 24 based on 1 analysts is $661.73M, with a low forecast of $644.55M, and a high forecast of $675.78M. 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 27 | Oct 26 | Jul 26 | May 26 | 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $49.31M | $54.46M | $52.98M | - | $32.73M | $63.89M | $40.51M | - | $35.96M | $35.89M | $22.50M | - | $12.95M | $22.33M | $16.08M | - | $4.86M | $22.61M |
| Avg Forecast | $47.12M | $39.09M | $34.61M | $29.07M | $43.92M | $40.60M | $37.35M | $34.56M | $46.92M | $43.52M | $41.58M | $40.15M | $47.36M | $46.86M | $38.82M | $36.50M | $24.63M | $36.48M | $26.86M | $33.18M | $32.04M | $26.25M | $22.76M | $10.78M | $22.57M | $20.11M | $16.30M | $5.34M | $22.13M | $22.82M |
| High Forecast | $48.13M | $39.92M | $35.35M | $29.69M | $44.85M | $41.47M | $38.14M | $35.29M | $47.62M | $43.66M | $43.23M | $48.18M | $47.36M | $47.18M | $39.64M | $43.80M | $29.55M | $37.63M | $27.70M | $39.81M | $33.04M | $27.08M | $23.48M | $12.94M | $23.28M | $20.74M | $16.81M | $6.41M | $22.83M | $23.54M |
| Low Forecast | $45.90M | $38.07M | $33.71M | $28.31M | $42.78M | $39.55M | $36.38M | $33.66M | $46.23M | $43.37M | $39.93M | $32.12M | $47.36M | $46.69M | $37.81M | $29.20M | $19.70M | $35.08M | $25.83M | $26.54M | $30.81M | $25.25M | $21.89M | $8.62M | $21.71M | $19.34M | $15.68M | $4.27M | $21.28M | $21.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.16% | 1.36% | - | 1.33% | 1.75% | 1.51% | - | 1.12% | 1.37% | 0.99% | - | 0.57% | 1.11% | 0.99% | - | 0.22% | 0.99% |
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 27 | Oct 26 | Jul 26 | May 26 | 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $23.96M | $30.19M | $31.32M | - | $18.11M | $41.26M | $24.96M | - | $22.43M | $21.82M | $11.25M | - | $782.00K | $9.91M | $6.40M | - | $673.00K | $8.21M |
| Avg Forecast | $4.98M | $9.96M | $5.66M | $-226.31K | $-5.81M | $2.19M | $-4.45M | $-11.32M | $-14.03M | $678.93K | $6.51M | $25.04M | $23.07M | $34.58M | $26.37M | $22.77M | $14.97M | $26.24M | $15.78M | $20.70M | $12.16M | $15.27M | $10.01M | $651.23K | $2.88M | $7.86M | $-339.25K | $740.30K | $226.17K | $10.69M |
| High Forecast | $5.12M | $10.23M | $5.81M | $-218.67K | $-5.61M | $2.25M | $-4.30M | $-10.93M | $-11.34M | $775.92K | $6.69M | $30.05M | $23.08M | $35.95M | $26.68M | $27.32M | $17.97M | $27.31M | $16.42M | $24.84M | $12.65M | $15.89M | $10.42M | $781.47K | $3.00M | $8.18M | $-322.36K | $888.36K | $235.40K | $11.12M |
| Low Forecast | $4.81M | $9.62M | $5.47M | $-232.56K | $-5.97M | $2.11M | $-4.57M | $-11.63M | $-16.72M | $484.95K | $6.29M | $20.04M | $23.07M | $33.43M | $26.06M | $18.21M | $11.98M | $24.93M | $14.99M | $16.56M | $11.55M | $14.51M | $9.51M | $520.98K | $2.74M | $7.47M | $-353.10K | $592.24K | $214.91K | $10.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.87% | 1.19% | - | 1.21% | 1.57% | 1.58% | - | 1.85% | 1.43% | 1.12% | - | 0.27% | 1.26% | -18.86% | - | 2.98% | 0.77% |
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 27 | Oct 26 | Jul 26 | May 26 | 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $100.33M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $106.55M | $88.38M | $78.26M | $65.73M | $99.30M | $91.81M | $84.45M | $78.14M | $106.10M | $98.39M | $94.02M | $96.42M | $107.09M | $105.96M | $87.77M | $85.85M | $99.71M | $87.04M | $64.08M | $59.48M | $76.44M | $62.63M | $54.31M | $49.20M | $53.85M | $47.98M | $38.89M | $36.58M | $52.80M | $54.44M |
| High Forecast | $108.82M | $90.26M | $79.92M | $67.12M | $101.41M | $93.76M | $86.24M | $79.80M | $107.66M | $98.73M | $97.76M | $98.46M | $107.09M | $106.68M | $89.64M | $87.67M | $101.83M | $89.77M | $66.09M | $61.35M | $78.84M | $64.60M | $56.01M | $50.74M | $55.54M | $49.49M | $40.11M | $37.73M | $54.46M | $56.15M |
| Low Forecast | $103.79M | $86.09M | $76.23M | $64.02M | $96.72M | $89.42M | $82.25M | $76.12M | $104.53M | $98.06M | $90.29M | $93.91M | $107.09M | $105.57M | $85.49M | $83.62M | $97.13M | $83.70M | $61.62M | $57.21M | $73.51M | $60.24M | $52.23M | $47.31M | $51.79M | $46.15M | $37.40M | $35.18M | $50.78M | $52.36M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Titan Machinery's average Quarter SG&A projection for May 24 is $96.42M, based on 1 Wall Street analysts, with a range of $93.91M to $98.46M. The forecast indicates a -3.90% fall compared to TITN last annual SG&A of $100.33M (Jan 24).
Titan Machinery EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.32 | $1.38 | - | $0.80 | $1.82 | $1.10 | - | $0.99 | $0.97 | $0.50 | - | $0.03 | $0.44 | $0.28 | - | $0.03 | $0.37 |
| Avg Forecast | $0.22 | $0.44 | $0.25 | $-0.01 | $-0.26 | $0.10 | $-0.20 | $-0.50 | $-0.62 | $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 |
| High Forecast | $0.23 | $0.45 | $0.26 | $-0.01 | $-0.25 | $0.10 | $-0.19 | $-0.48 | $-0.50 | $0.03 | $0.30 | $0.63 | $1.02 | $1.59 | $1.18 | $1.05 | $1.17 | $1.21 | $0.73 | $0.55 | $0.56 | $0.70 | $0.46 | $0.16 | $0.13 | $0.36 | $-0.01 | $-0.12 | $0.01 | $0.49 |
| Low Forecast | $0.21 | $0.43 | $0.24 | $-0.01 | $-0.26 | $0.09 | $-0.20 | $-0.51 | $-0.74 | $0.02 | $0.28 | $0.59 | $1.02 | $1.48 | $1.15 | $0.98 | $1.10 | $1.10 | $0.66 | $0.51 | $0.51 | $0.64 | $0.42 | $0.15 | $0.12 | $0.33 | $-0.02 | $-0.13 | $0.01 | $0.45 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 1.18% | - | 0.71% | 1.57% | 1.58% | - | 1.84% | 1.44% | 1.13% | - | 0.27% | 1.26% | -18.92% | - | 3.01% | 0.78% |
According to 2 Wall Street analysts, Titan Machinery's projected average Quarter EPS for Jan 24 is $1.02, with a low estimate of $1.02 and a high estimate of $1.02. 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 |
|---|---|---|---|---|---|
| MSM | MSC Industrial Direct | $76.71 | $105.71 | 37.80% | Buy |
| FERG | Ferguson | $177.31 | $224.86 | 26.82% | Buy |
| BXC | BlueLinx | $107.26 | $135.00 | 25.86% | Buy |
| SITE | SiteOne Landscape Supply | $134.52 | $154.00 | 14.48% | Hold |
| TITN | Titan Machinery | $13.82 | $15.50 | 12.16% | Hold |
| CNM | Core & Main | $51.47 | $51.00 | -0.91% | Buy |
| AIT | Applied Industrial | $243.51 | $241.00 | -1.03% | Buy |
| WSO | Watsco | $491.55 | $457.50 | -6.93% | Hold |