Meritage Homes (MTH) Stock Forecast & Price Target

$191.62 -4.24 (-2.16%)

(As of 11/26/2024 ET)

Meritage Homes - 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 8 Analyst Ratings

Sell
0

Hold
4

Buy
4

Based on 8 Wall Street analysts who have issued ratings for Meritage Homes in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 4 have given a hold rating, and 4 have given a buy rating for MTH.

Consensus Price Target

$218.17
13.85% Upside

According to the 8 analysts' twelve-month price targets for Meritage Homes, the average price target is $218.17. The highest price target for MTH is $235.00, while the lowest price target for MTH is $195.00. The average price target represents a forecasted upside of 13.85% from the current price of $191.62.

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MTH Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$218.17	$213.83	$208.00	$136.33
Forecasted Upside	13.85% Upside	16.95% Upside	5.25% Upside	-2.93% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MTH 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.

MTH 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.

Meritage Homes Stock vs. The Competition

Type	Meritage Homes	Construction Companies	S&P 500
Consensus Rating Score	2.50	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.85% Upside	7.15% Upside	6.79% Upside
News Sentiment Rating	Positive News See Recent MTH 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
11/7/2024	Raymond James 4 of 5 stars	B. Horne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
11/5/2024	Keefe, Bruyette & Woods 4 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$210.00 ➝ $198.00	+4.89%
10/31/2024	The Goldman Sachs Group 2 of 5 stars	S. Maklari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$205.00 ➝ $235.00	+32.34%
10/15/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mccanless Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$160.00 ➝ $195.00	-0.92%
8/14/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$230.00	+27.99%
7/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$219.00 ➝ $221.00	+21.41%
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2/26/2024	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
1/22/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Zener Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
7/31/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$155.00 ➝ $188.00	+24.93%
5/31/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
3/6/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$129.00	+17.29%
2/6/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$104.00 ➝ $127.00	+12.07%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$106.00 ➝ $130.00	+11.50%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:47 PM ET.

MTH Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Meritage Homes is $218.17, with a high forecast of $235.00 and a low forecast of $195.00.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MTH shares.
: According to analysts, Meritage Homes's stock has a predicted upside of 13.85% based on their 12-month stock forecasts.
: Over the previous 90 days, Meritage Homes's stock had 2 upgrades and 1 downgrade by analysts.
: Meritage Homes has been rated by research analysts at Keefe, Bruyette & Woods, Raymond James, The Goldman Sachs Group, and Wedbush in the past 90 days.
: Analysts like Meritage Homes less than other "construction" companies. The consensus rating score for Meritage Homes is 2.50 while the average consensus rating score for "construction" companies is 2.61. Learn more on how MTH compares to other companies.

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This page (NYSE:MTH) was last updated on 11/26/2024 by MarketBeat.com Staff

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Meritage Homes (MTH) Stock Forecast & Price Target