Agree Realty Corporation (ADC)
NYSE: ADC · IEX Real-Time Price · USD
60.41
-0.12 (-0.20%)
May 20, 2024, 11:41 AM EDT - Market open
Agree Realty Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Agree Realty stock have an average target of 66.85, with a low estimate of 62 and a high estimate of 76. The average target predicts an increase of 10.66% from the current stock price of 60.41.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Agree Realty stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 3 | 4 | 4 | 4 | 4 |
| Hold | 4 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Hold Maintains $60 → $62 | Hold | Maintains | $60 → $62 | +2.63% | May 10, 2024 |
| Mizuho | Mizuho | Hold Maintains $65 → $60 | Hold | Maintains | $65 → $60 | -0.68% | Mar 7, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $70 → $68 | Strong Buy | Maintains | $70 → $68 | +12.56% | Feb 27, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $66 → $62 | Buy | Maintains | $66 → $62 | +2.63% | Feb 20, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $67 → $63 | Buy | Maintains | $67 → $63 | +4.29% | Feb 15, 2024 |
Financial Forecast
Revenue This Year
602.97M
from 537.50M
Increased by 12.18%
Revenue Next Year
659.01M
from 602.97M
Increased by 9.29%
EPS This Year
1.86
from 1.70
Increased by 9.32%
EPS Next Year
1.90
from 1.86
Increased by 2.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 664.5M | 795.4M | 867.1M | 885.5M | 981.5M |
| Avg | 603.0M | 659.0M | 772.8M | 814.2M | 944.2M |
| Low | 526.0M | 536.2M | 712.6M | 753.6M | 916.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.6% | 31.9% | 31.6% | 14.6% | 20.6% |
| Avg | 12.2% | 9.3% | 17.3% | 5.4% | 16.0% |
| Low | -2.1% | -11.1% | 8.1% | -2.5% | 12.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.98 | 2.14 | 2.12 | 2.15 | 2.18 |
| Avg | 1.86 | 1.90 | 1.91 | 2.07 | 2.10 |
| Low | 1.71 | 1.65 | 1.62 | 2.01 | 2.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.7% | 15.3% | 11.7% | 12.8% | 5.5% |
| Avg | 9.3% | 2.2% | 0.5% | 8.5% | 1.5% |
| Low | 0.9% | -11.4% | -14.8% | 5.2% | -1.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.