Mohawk Industries (MHK) Stock Forecast & Price Target

$140.29 -0.05 (-0.04%)

(As of 11/15/2024 ET)

Mohawk Industries - 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 13 Analyst Ratings

Sell
0

Hold
5

Buy
8

Based on 13 Wall Street analysts who have issued ratings for Mohawk Industries in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 5 have given a hold rating, 6 have given a buy rating, and 2 have given a strong buy rating for MHK.

Consensus Price Target

$162.08
15.53% Upside

According to the 13 analysts' twelve-month price targets for Mohawk Industries, the average price target is $162.08. The highest price target for MHK is $196.00, while the lowest price target for MHK is $134.00. The average price target represents a forecasted upside of 15.53% from the current price of $140.29.

MHK Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$162.08	$163.25	$156.00	$103.13
Forecasted Upside	15.53% Upside	2.54% Upside	6.54% Upside	22.32% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Reduce

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MHK 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.

MHK 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.

Mohawk Industries Stock vs. The Competition

Type	Mohawk Industries	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.77	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	15.53% Upside	1,174.92% Upside	9.92% Upside
News Sentiment Rating	Positive News See Recent MHK 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
10/28/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$140.00 ➝ $134.00	+0.54%
10/28/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$161.00 ➝ $146.00	+9.16%
10/28/2024	Truist Financial 2 of 5 stars		Lower Target	Buy ➝ Buy	$184.00 ➝ $155.00	+14.58%
10/21/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Wojs Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/21/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$160.00 ➝ $196.00	+21.70%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$150.00 ➝ $160.00	+0.63%
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10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Reid Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$140.00 ➝ $160.00	+2.78%
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$124.00 ➝ $155.00	+1.77%
7/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$141.00 ➝ $185.00	+13.50%
7/29/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$145.00 ➝ $185.00	+13.50%
7/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Buy	$120.00 ➝ $177.00	+31.14%
6/10/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Darkatsh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Strong-Buy	$140.00	+23.42%
2/12/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$98.00 ➝ $152.00	+38.17%
3/20/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$109.00 ➝ $103.00	+9.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:22 AM ET.

MHK Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Mohawk Industries is $162.08, with a high forecast of $196.00 and a low forecast of $134.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MHK shares.
: According to analysts, Mohawk Industries's stock has a predicted upside of 15.53% based on their 12-month stock forecasts.
: Over the previous 90 days, Mohawk Industries's stock had 3 upgrades by analysts.
: Mohawk Industries has been rated by research analysts at Baird R W, Barclays, Jefferies Financial Group, Robert W. Baird, Royal Bank of Canada, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Mohawk Industries more than other "consumer discretionary" companies. The consensus rating score for Mohawk Industries is 2.77 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how MHK compares to other companies.

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This page (NYSE:MHK) was last updated on 11/16/2024 by MarketBeat.com Staff

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Mohawk Industries (MHK) Stock Forecast & Price Target