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The Middleby Corp has a consensus price target of $160.8 based on the ratings of 11 analysts. The high is $184 issued by Seaport Global on March 18, 2024. The low is $120 issued by JP Morgan on August 2, 2024. The 3 most-recent analyst ratings were released by Canaccord Genuity on November 1, 2024, September 13, 2024, and August 30, 2024, respectively. With an average price target of $161 between Canaccord Genuity, there's an implied 17.98% upside for The Middleby Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Middleby (NASDAQ:MIDD) was reported by Canaccord Genuity on November 1, 2024. The analyst firm set a price target for $155.00 expecting MIDD to rise to within 12 months (a possible 13.58% upside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Middleby (NASDAQ:MIDD) was provided by Canaccord Genuity, and Middleby maintained their buy rating.
There is no last upgrade for Middleby
The last downgrade for The Middleby Corp happened on May 22, 2024 when JP Morgan changed their price target from $145 to $118 for The Middleby Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Middleby, 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 Middleby was filed on November 1, 2024 so you should expect the next rating to be made available sometime around November 1, 2025.
While ratings are subjective and will change, the latest Middleby (MIDD) rating was a maintained with a price target of $164.00 to $155.00. The current price Middleby (MIDD) is trading at is $136.47, which is out of the analyst’s predicted range.
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