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MGP Ingredients Inc has a consensus price target of $93.67 based on the ratings of 9 analysts. The high is $126 issued by Wells Fargo on August 15, 2022. The low is $50 issued by TD Cowen on November 6, 2024. The 3 most-recent analyst ratings were released by TD Cowen, Roth MKM, and Truist Securities on November 6, 2024, November 4, 2024, and November 1, 2024, respectively. With an average price target of $63.33 between TD Cowen, Roth MKM, and Truist Securities, there's an implied 58.33% upside for MGP Ingredients Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MGP Ingredients (NASDAQ:MGPI) was reported by TD Cowen on November 6, 2024. The analyst firm set a price target for $50.00 expecting MGPI to rise to within 12 months (a possible 25.00% upside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for MGP Ingredients (NASDAQ:MGPI) was provided by TD Cowen, and MGP Ingredients downgraded their hold rating.
There is no last upgrade for MGP Ingredients
The last downgrade for MGP Ingredients Inc happened on November 6, 2024 when TD Cowen changed their price target from $66 to $50 for MGP Ingredients Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MGP Ingredients, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MGP Ingredients was filed on November 6, 2024 so you should expect the next rating to be made available sometime around November 6, 2025.
While ratings are subjective and will change, the latest MGP Ingredients (MGPI) rating was a downgraded with a price target of $66.00 to $50.00. The current price MGP Ingredients (MGPI) is trading at is $40.00, which is out of the analyst’s predicted range.
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