Scotts Miracle-Gro (SMG) Stock Forecast & Price Target

$62.71

-0.80 (-1.26%)

(As of 07/5/2024 ET)

Scotts Miracle-Gro - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 6 Analyst Ratings

Consensus Price Target

$73.00
16.41% Upside

High Forecast	$85.00
Average Forecast	$73.00
Low Forecast	$60.00

Type	Current Forecast 7/8/23 to 7/7/24	1 Month Ago 6/8/23 to 6/7/24	3 Months Ago 4/9/23 to 4/8/24	1 Year Ago 7/8/22 to 7/8/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$73.00	$73.00	$70.00	$76.29
Forecasted Upside	16.41% Upside	9.83% Upside	7.12% Upside	9.58% Upside

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SMG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Scotts Miracle-Gro Stock vs. The Competition

Type	Scotts Miracle-Gro	Basic Materials Companies	S&P 500
Consensus Rating Score	2.33	2.62	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	16.41% Upside	389.66% Upside	12.25% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$85.00 ➝ $83.00	+23.95%
4/5/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$70.00 ➝ $85.00	+14.74%
4/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$65.00 ➝ $75.00	+1.24%
3/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Strong-Buy ➝ Market Perform
3/4/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$55.00 ➝ $65.00	-2.33%
9/5/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$70.00 ➝ $60.00	+9.03%
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5/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$80.00 ➝ $70.00	+8.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:15 PM ET.

SMG Forecast - Frequently Asked Questions

What is Scotts Miracle-Gro's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Scotts Miracle-Gro is $73.00, with a high forecast of $85.00 and a low forecast of $60.00.
Should I buy or sell Scotts Miracle-Gro stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMG, but not buy additional shares or sell existing shares.
Does Scotts Miracle-Gro's stock price have much upside?: According to analysts, Scotts Miracle-Gro's stock has a predicted upside of 9.83% based on their 12-month stock forecasts.
What analysts cover Scotts Miracle-Gro?: Scotts Miracle-Gro has been rated by research analysts at Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Scotts Miracle-Gro more than its competitors?: Analysts like Scotts Miracle-Gro less than other "basic materials" companies. The consensus rating for Scotts Miracle-Gro is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SMG compares to other companies.