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 77.94% upside from TITN’s last price of $14.19) 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 77.94% upside from TITN's last price of $14.19.
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% | 5.71% |
| Aug 15, 2024 | Eric Des Lauriers | Craig-Hallum | $16.00 | $13.12 | 21.95% | 12.76% |
| Jun 05, 2024 | Alex Rygiel | B.Riley Financial | $20.00 | $17.85 | 12.04% | 40.94% |
| May 29, 2024 | Ben Klieve | Loop Capital Markets | $30.00 | $18.89 | 58.81% | 111.42% |
| May 24, 2024 | Eric Des Lauriers | Craig-Hallum | $25.00 | $19.12 | 30.75% | 76.18% |
| May 23, 2024 | Ben Klieve | Loop Capital Markets | $40.00 | $20.55 | 94.65% | 181.89% |
| Nov 30, 2022 | Mircea Dobre | Robert W. Baird | $40.00 | $42.70 | -6.31% | 181.89% |
| Jul 11, 2022 | Mircea Dobre | Robert W. Baird | $27.00 | $24.89 | 8.48% | 90.27% |
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 5.71% increase from TITN last price ($14.19).
Titan Machinery Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 6 |
| Avg Price Target | - | $15.50 | $24.33 |
| Last Closing Price | $14.19 | $14.19 | $14.19 |
| Upside/Downside | -100.00% | 9.23% | 71.46% |
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 $14.19. 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 |
|---|---|---|---|---|
| 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $314.98M | - | $352.29M | - |
| 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 | $697.09M | $668.10M | $612.05M | $581.92M | $736.83M | $677.59M | $670.92M | $682.73M | $734.99M | $732.16M | $621.52M | $607.90M | $706.08M | $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 | $325.30M | $258.24M | $367.23M | $570.54M |
| Low Forecast | $645.75M | $618.90M | $566.98M | $539.07M | $708.04M | $673.00M | $619.65M | $632.45M | $734.99M | $724.56M | $575.75M | $563.13M | $654.08M | $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 | $303.32M | $240.78M | $342.41M | $380.36M |
| # Analysts | 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 | 9 | 9 | 9 | 15 |
| 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% | 1.00% | - | 0.99% | - |
Titan Machinery's average Quarter revenue forecast for May 24 based on 1 analysts is $661.73M, with a low forecast of $632.45M, and a high forecast of $682.73M. 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 9 | 9 | 9 | 15 |
| 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 | $16.99M | - | $6.28M | - |
| Avg Forecast | $41.26M | $39.55M | $36.23M | $34.44M | $44.12M | $41.24M | $39.41M | $40.15M | $44.89M | $44.41M | $36.79M | $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 | $19.26M | $33.91M | $21.74M | $9.05M |
| High Forecast | $42.57M | $40.80M | $37.38M | $35.54M | $45.00M | $41.38M | $40.97M | $48.18M | $44.89M | $44.71M | $37.96M | $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 | $19.87M | $40.69M | $22.43M | $10.86M |
| Low Forecast | $39.44M | $37.80M | $34.63M | $32.92M | $43.24M | $41.10M | $37.84M | $32.12M | $44.89M | $44.25M | $35.16M | $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 | $18.52M | $27.13M | $20.91M | $7.24M |
| Surprise % | - | - | - | - | - | - | - | - | 1.10% | 1.23% | 1.44% | - | 1.33% | 1.75% | 1.51% | - | 1.12% | 1.37% | 0.99% | - | 0.57% | 1.11% | 0.99% | - | 0.22% | 0.99% | 0.88% | - | 0.29% | - |
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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 9 | 9 | 9 | 15 |
| 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 | $5.51M | - | $-2.16M | - |
| 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 | $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 | $7.35M | $-11.66M | $169.63K | $2.17M |
| High Forecast | $-2.63M | $4.71M | $-923.69K | $-10.09M | $-8.85M | $775.44K | $6.77M | $30.05M | $23.06M | $35.93M | $26.66M | $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 | $7.65M | $-9.33M | $176.55K | $2.60M |
| Low Forecast | $-2.90M | $4.26M | $-1.02M | $-11.15M | $-9.48M | $484.65K | $6.13M | $20.04M | $23.05M | $33.41M | $26.05M | $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 | $6.98M | $-13.99M | $161.18K | $1.73M |
| 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% | 0.75% | - | -12.73% | - |
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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 9 | 9 | 9 | 15 |
| SG&A | - | - | - | - | - | - | - | - | $100.33M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $98.45M | $94.35M | $86.44M | $82.18M | $105.26M | $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 | $45.96M | $36.48M | $51.88M | $69.28M |
| High Forecast | $101.57M | $97.35M | $89.18M | $84.79M | $107.36M | $98.73M | $97.76M | $99.48M | $107.09M | $106.68M | $90.56M | $88.57M | $102.88M | $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 | $47.40M | $37.63M | $53.51M | $83.13M |
| Low Forecast | $94.09M | $90.18M | $82.61M | $78.54M | $103.16M | $98.06M | $90.29M | $92.15M | $107.09M | $105.57M | $83.89M | $82.05M | $95.30M | $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 | $44.19M | $35.08M | $49.89M | $55.42M |
| 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 $92.15M to $99.48M. The forecast indicates a -3.90% 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 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 9 | 9 | 9 | 15 |
| 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 | $0.25 | - | $-0.10 | - |
| 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 | $0.64 | $1.02 | $1.59 | $1.18 | $1.06 | $1.18 | $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 | $0.34 | $-0.05 | $0.01 | $-0.14 |
| Low Forecast | $-0.13 | $0.19 | $-0.05 | $-0.49 | $-0.42 | $0.02 | $0.27 | $0.58 | $1.02 | $1.48 | $1.15 | $0.96 | $1.07 | $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 | $0.31 | $-0.05 | $0.01 | $-0.22 |
| 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% | 0.76% | - | -12.96% | - |
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 |
|---|---|---|---|---|---|
| TITN | Titan Machinery | $14.19 | $25.25 | 77.94% | Hold |
| MSM | MSC Industrial Direct | $87.48 | $105.71 | 20.84% | Buy |
| CNM | Core & Main | $42.38 | $50.00 | 17.98% | Buy |
| BXC | BlueLinx | $123.73 | $135.00 | 9.11% | Buy |
| SITE | SiteOne Landscape Supply | $144.05 | $153.75 | 6.73% | Hold |
| FERG | Ferguson | $205.51 | $214.75 | 4.50% | Buy |
| AIT | Applied Industrial | $271.62 | $241.00 | -11.27% | Buy |
| WSO | Watsco | $543.06 | $382.25 | -29.61% | Hold |