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MGP Ingredients

MGPINASDAQ
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$40.00
-1.80-4.31%
At close: -
$40.00
0.000.00%
After Hours: 4:02 PM EDT
Consensus Rating1
Buy
Highest Price Target1
$126.00
Lowest Price Target1
$50.00
Consensus Price Target1
$93.67

MGP Ingredients (NASDAQ:MGPI) Stock, Analyst Ratings, Price Targets, Forecasts

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.

Analyst Trends and Forecast
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Jul
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Oct
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Nov
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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4.0
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

TD Cowen
Roth MKM
Truist Securities
Lake Street
Wedbush

1calculated from analyst ratings

Analyst Ratings for MGP Ingredients

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for MGP Ingredients (MGPI) stock?

A

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.

Q

What is the most recent analyst rating for MGP Ingredients (MGPI)?

A

The latest analyst rating for MGP Ingredients (NASDAQ:MGPI) was provided by TD Cowen, and MGP Ingredients downgraded their hold rating.

Q

When was the last upgrade for MGP Ingredients (MGPI)?

A

There is no last upgrade for MGP Ingredients

Q

When was the last downgrade for MGP Ingredients (MGPI)?

A

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.

Q

When is the next analyst rating going to be posted or updated for MGP Ingredients (MGPI)?

A

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.

Q

Is the Analyst Rating MGP Ingredients (MGPI) correct?

A

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.

Browse analyst ratings and price targets on all stocks.

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