Middleby (MIDD) Stock Forecast & Price Target

$141.71

+0.45 (+0.32%)

(As of 09/27/2024 ET)

Middleby - 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

Moderate Buy

Based on 10 Analyst Ratings

Sell
1

Hold
2

Buy
7

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

Consensus Price Target

$156.50
10.44% Upside

According to the 10 analysts' twelve-month price targets for Middleby, the average price target is $156.50. The highest price target for MIDD is $169.00, while the lowest price target for MIDD is $120.00. The average price target represents a forecasted upside of 10.44% from the current price of $141.71.

MIDD Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$156.50	$154.71	$153.43	$172.71
Forecasted Upside	10.44% Upside	10.26% Upside	25.14% Upside	34.93% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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MIDD 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.

MIDD 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.

Middleby Stock vs. The Competition

Type	Middleby	Industrial Products Companies	S&P 500
Consensus Rating Score	2.60	2.57	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	10.44% Upside	46.72% Upside	6.14% Upside
News Sentiment Rating	Positive News See Recent MIDD 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
9/14/2024	Canaccord Genuity Group 4 of 5 stars		Reiterated Rating	Buy ➝ Buy	$164.00	+23.49%
8/2/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$118.00 ➝ $120.00	-14.72%
8/2/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$155.00 ➝ $169.00	+21.50%
7/15/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$175.00 ➝ $160.00	+27.49%
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
5/8/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Sparenblek Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
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1/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $160.00	+14.07%
10/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$177.00 ➝ $160.00	+27.45%
10/13/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$160.00 ➝ $155.00	+28.66%
8/7/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$180.00 ➝ $170.00	+16.96%
5/15/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$170.00 ➝ $175.00	+24.97%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:05 PM ET.

MIDD Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Middleby is $156.50, with a high forecast of $169.00 and a low forecast of $120.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Middleby in the last year. There is currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MIDD shares.
: According to analysts, Middleby's stock has a predicted upside of 10.44% based on their 12-month stock forecasts.
: Middleby has been rated by research analysts at Canaccord Genuity Group, Canaccord Genuity Group, JPMorgan Chase & Co., KeyCorp, and Robert W. Baird in the past 90 days.
: Analysts like Middleby more than other "industrial products" companies. The consensus rating score for Middleby is 2.60 while the average consensus rating score for "industrial products" companies is 2.57. Learn more on how MIDD compares to other companies.