Montauk Renewables Inc has a consensus price target of $6.63 based on the ratings of 4 analysts. The high is $7.5 issued by Tudor Pickering on May 12, 2023. The low is $6 issued by Scotiabank on September 3, 2024. The 3 most-recent analyst ratings were released by Scotiabank, B. Riley Securities, and Scotiabank on September 3, 2024, May 7, 2024, and April 11, 2024, respectively. With an average price target of $6.67 between Scotiabank, B. Riley Securities, and Scotiabank, there's an implied 28.70% upside for Montauk Renewables Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Montauk Renewables (NASDAQ:MNTK) was reported by Scotiabank on September 3, 2024. The analyst firm set a price target for $6.00 expecting MNTK to rise to within 12 months (a possible 15.83% upside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for Montauk Renewables (NASDAQ:MNTK) was provided by Scotiabank, and Montauk Renewables downgraded their sector perform rating.
The last upgrade for Montauk Renewables Inc happened on November 13, 2023 when Scotiabank raised their price target to $9. Scotiabank previously had a sector perform for Montauk Renewables Inc.
The last downgrade for Montauk Renewables Inc happened on September 3, 2024 when Scotiabank changed their price target from $8 to $6 for Montauk Renewables Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Montauk Renewables, 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 Montauk Renewables was filed on September 3, 2024 so you should expect the next rating to be made available sometime around September 3, 2025.
While ratings are subjective and will change, the latest Montauk Renewables (MNTK) rating was a downgraded with a price target of $8.00 to $6.00. The current price Montauk Renewables (MNTK) is trading at is $5.18, which is out of the analyst’s predicted range.
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