Meritage Homes Corporation (MTH)
NYSE: MTH · IEX Real-Time Price · USD
184.37
+1.37 (0.75%)
May 20, 2024, 11:41 AM EDT - Market open
Meritage Homes Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Meritage Homes stock have an average target of 242.6, with a low estimate of 148 and a high estimate of 500. The average target predicts an increase of 31.58% from the current stock price of 184.37.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Meritage Homes stock from 7 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 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 3 | 3 | 2 | 1 |
| Hold | 3 | 4 | 4 | 4 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 9 | 9 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Sell Reiterates $148 | Sell | Reiterates | $148 | -19.73% | May 15, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $180 → $195 | Hold | Maintains | $180 → $195 | +5.77% | May 8, 2024 |
| Wedbush | Wedbush | Sell Reiterates $148 | Sell | Reiterates | $148 | -19.73% | Apr 26, 2024 |
| Wedbush | Wedbush | Sell Reiterates $148 | Sell | Reiterates | $148 | -19.73% | Apr 25, 2024 |
| Wedbush | Wedbush | Hold → Sell Downgrades $155 → $148 | Hold → Sell | Downgrades | $155 → $148 | -19.73% | Apr 2, 2024 |
Financial Forecast
Revenue This Year
6.19B
from 6.14B
Increased by 0.91%
Revenue Next Year
6.70B
from 6.19B
Increased by 8.23%
EPS This Year
17.83
from 19.93
Decreased by -10.52%
EPS Next Year
19.36
from 17.83
Increased by 8.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.5B | 7.3B | 7.1B |
| Avg | 6.2B | 6.7B | 6.7B |
| Low | 5.9B | 6.2B | 6.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.6% | 18.3% | 6.1% |
| Avg | 0.9% | 8.2% | -0.7% |
| Low | -3.3% | 0.2% | -5.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.39 | 22.32 | 24.09 |
| Avg | 17.83 | 19.36 | 20.33 |
| Low | 16.02 | 16.69 | 15.49 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -2.7% | 25.2% | 24.4% |
| Avg | -10.5% | 8.6% | 5.0% |
| Low | -19.6% | -6.4% | -20.0% |
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.