Terex (TEX) Stock Forecast & Price Target

$53.77 +0.88 (+1.66%)

(As of 11/22/2024 ET)

Terex - 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 10 Analyst Ratings

Sell
1

Hold
7

Buy
2

Based on 10 Wall Street analysts who have issued ratings for Terex in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 1 has given a sell rating, 7 have given a hold rating, and 2 have given a buy rating for TEX.

Consensus Price Target

$59.56
10.76% Upside

According to the 10 analysts' twelve-month price targets for Terex, the average price target is $59.56. The highest price target for TEX is $65.00, while the lowest price target for TEX is $55.00. The average price target represents a forecasted upside of 10.76% from the current price of $53.77.

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TEX Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$59.56	$60.33	$63.30	$61.92
Forecasted Upside	10.76% Upside	13.97% Upside	13.97% Upside	23.99% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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TEX 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.

TEX 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.

Terex Stock vs. The Competition

Type	Terex	Industrial Products Companies	S&P 500
Consensus Rating Score	2.10	2.58	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	10.76% Upside	37.47% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent TEX 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/4/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$62.00 ➝ $65.00	+25.26%
10/31/2024	Robert W. Baird 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$65.00 ➝ $55.00	+6.75%
10/14/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$65.00 ➝ $62.00	+12.38%
9/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$60.00 ➝ $57.00	+10.77%
9/20/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$72.00 ➝ $62.00	+15.18%
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$67.00 ➝ $59.00	+8.68%
Get the Latest News and Ratings for TEX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Terex and its competitors with MarketBeat's FREE daily newsletter.
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$68.00 ➝ $55.00	+1.70%
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
5/21/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$62.00 ➝ $64.00	+3.36%
1/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underperform	$57.00	+0.69%
10/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$66.00 ➝ $60.00	+19.31%
8/3/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$72.00 ➝ $80.00	+25.51%
8/3/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$66.00 ➝ $74.00	+16.10%
5/3/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$62.00 ➝ $64.00	+28.77%
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$51.00 ➝ $53.00	+22.32%
2/13/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$52.00 ➝ $54.00	-6.04%
2/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$50.00 ➝ $59.00	+8.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:05 AM ET.

TEX Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Terex is $59.56, with a high forecast of $65.00 and a low forecast of $55.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last year. There is currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TEX, but not buy additional shares or sell existing shares.
: According to analysts, Terex's stock has a predicted upside of 10.76% based on their 12-month stock forecasts.
: Terex has been rated by research analysts at Citigroup, JPMorgan Chase & Co., Robert W. Baird, The Goldman Sachs Group, and Truist Financial in the past 90 days.
: Analysts like Terex less than other "industrial products" companies. The consensus rating for Terex is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how TEX compares to other companies.

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This page (NYSE:TEX) was last updated on 11/23/2024 by MarketBeat.com Staff

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Terex (TEX) Stock Forecast & Price Target