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Martin Marietta Materials Inc has a consensus price target of $572.9 based on the ratings of 22 analysts. The high is $737 issued by Goldman Sachs on April 16, 2024. The low is $350 issued by Atlantic Equities on January 24, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, JP Morgan, and UBS on December 17, 2024, November 27, 2024, and November 7, 2024, respectively. With an average price target of $664 between Morgan Stanley, JP Morgan, and UBS, there's an implied 24.42% upside for Martin Marietta Materials Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Martin Marietta Materials (NYSE:MLM) was reported by Morgan Stanley on December 17, 2024. The analyst firm set a price target for $622.00 expecting MLM to rise to within 12 months (a possible 16.55% upside). 30 analyst firms have reported ratings in the last year.
The latest analyst rating for Martin Marietta Materials (NYSE:MLM) was provided by Morgan Stanley, and Martin Marietta Materials maintained their overweight rating.
The last upgrade for Martin Marietta Materials Inc happened on November 27, 2024 when JP Morgan raised their price target to $640. JP Morgan previously had a neutral for Martin Marietta Materials Inc.
The last downgrade for Martin Marietta Materials Inc happened on March 22, 2024 when JP Morgan changed their price target from $530 to $600 for Martin Marietta Materials Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Martin Marietta Materials, 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 Martin Marietta Materials was filed on December 17, 2024 so you should expect the next rating to be made available sometime around December 17, 2025.
While ratings are subjective and will change, the latest Martin Marietta Materials (MLM) rating was a maintained with a price target of $657.00 to $622.00. The current price Martin Marietta Materials (MLM) is trading at is $533.69, which is out of the analyst’s predicted range.
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