Meritage Homes Corp has a consensus price target of $181.64 based on the ratings of 15 analysts. The high is $500 issued by Deutsche Bank on June 1, 2023. The low is $65 issued by Wells Fargo on June 17, 2022. The 3 most-recent analyst ratings were released by Evercore ISI Group, Wedbush, and Wedbush on July 15, 2024, May 21, 2024, and May 15, 2024, respectively. With an average price target of $172.33 between Evercore ISI Group, Wedbush, and Wedbush, there's an implied -10.89% downside for Meritage Homes Corp from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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07/15/2024 | Buy Now | 14.27% | Evercore ISI Group | Stephen Kim | $219 → $221 | Maintains | Outperform | Get Alert |
05/21/2024 | Buy Now | -23.47% | Wedbush | Jay McCanless | → $148 | Reiterates | Underperform → Underperform | Get Alert |
05/15/2024 | Buy Now | -23.47% | Wedbush | Jay McCanless | → $148 | Reiterates | Underperform → Underperform | Get Alert |
05/08/2024 | Buy Now | 0.83% | Keefe, Bruyette & Woods | Jade Rahmani | $180 → $195 | Maintains | Market Perform | Get Alert |
04/26/2024 | Buy Now | -23.47% | Wedbush | Jay McCanless | → $148 | Reiterates | Underperform → Underperform | Get Alert |
04/25/2024 | Buy Now | -23.47% | Wedbush | Jay McCanless | → $148 | Reiterates | Underperform → Underperform | Get Alert |
04/02/2024 | Buy Now | -23.47% | Wedbush | Jay McCanless | $155 → $148 | Downgrade | Neutral → Underperform | Get Alert |
02/26/2024 | Buy Now | — | Zelman & Assoc | Ivy Zelman | — | Upgrade | Neutral → Outperform | Get Alert |
02/01/2024 | Buy Now | -12.1% | Wedbush | Jay McCanless | → $170 | Reiterates | Neutral → Neutral | Get Alert |
01/22/2024 | Buy Now | — | Seaport Global | Kenneth Zener | — | Downgrade | Buy → Neutral | Get Alert |
01/11/2024 | Buy Now | -5.89% | Goldman Sachs | Susan Maklari | $151 → $182 | Maintains | Neutral | Get Alert |
12/18/2023 | Buy Now | -12.1% | Wedbush | Jay McCanless | → $170 | Downgrade | Outperform → Neutral | Get Alert |
11/02/2023 | Buy Now | -20.89% | Seaport Global | Kenneth Zener | → $153 | Upgrade | Neutral → Buy | Get Alert |
07/31/2023 | Buy Now | -2.79% | UBS | John Lovallo | $155 → $188 | Maintains | Buy | Get Alert |
07/13/2023 | Buy Now | -25.54% | Goldman Sachs | Susan Maklari | $126 → $144 | Maintains | Neutral | Get Alert |
07/07/2023 | Buy Now | -27.09% | Wedbush | Jay McCanless | $137 → $141 | Maintains | Outperform | Get Alert |
06/01/2023 | Buy Now | 158.53% | Deutsche Bank | Joe Ahlersmeyer | → $500 | Initiates | → Buy | Get Alert |
05/02/2023 | Buy Now | -28.65% | Keefe, Bruyette & Woods | Jade Rahmani | $125 → $138 | Maintains | Market Perform | Get Alert |
04/28/2023 | Buy Now | -27.61% | Credit Suisse | Dan Oppenheim | $130 → $140 | Maintains | Outperform | Get Alert |
04/27/2023 | Buy Now | -31.75% | Wedbush | Jay McCanless | → $132 | Reiterates | → Outperform | Get Alert |
04/12/2023 | Buy Now | -31.75% | Wedbush | Jay McCanless | → $132 | Reiterates | → Outperform | Get Alert |
03/06/2023 | Buy Now | -33.3% | JP Morgan | Michael Rehaut | → $129 | Upgrade | Neutral → Overweight | Get Alert |
02/07/2023 | Buy Now | -33.3% | JP Morgan | Michael Rehaut | $90 → $129 | Maintains | Neutral | Get Alert |
02/06/2023 | Buy Now | -34.33% | Keybanc | Kenneth Zener | $104 → $127 | Maintains | Overweight | Get Alert |
02/03/2023 | Buy Now | -32.78% | Credit Suisse | Dan Oppenheim | $106 → $130 | Maintains | Outperform | Get Alert |
01/12/2023 | Buy Now | -46.74% | Goldman Sachs | Susan Maklari | $87 → $103 | Maintains | Neutral | Get Alert |
11/14/2022 | Buy Now | -50.36% | Keybanc | Kenneth Zener | $87 → $96 | Maintains | Overweight | Get Alert |
10/12/2022 | Buy Now | -57.6% | Goldman Sachs | Susan Maklari | $93 → $82 | Maintains | Neutral | Get Alert |
10/10/2022 | Buy Now | -47.26% | Wedbush | Jay McCanless | $130 → $102 | Maintains | Outperform | Get Alert |
09/19/2022 | Buy Now | -55.02% | Keybanc | Kenneth Zener | → $87 | Upgrade | Sector Weight → Overweight | Get Alert |
07/29/2022 | Buy Now | -37.95% | UBS | John Lovallo | $110 → $120 | Maintains | Buy | Get Alert |
07/12/2022 | Buy Now | -52.95% | JP Morgan | Michael Rehaut | $94 → $91 | Maintains | Neutral | Get Alert |
06/23/2022 | Buy Now | -57.08% | Goldman Sachs | Susan Maklari | $100 → $83 | Maintains | Neutral | Get Alert |
06/17/2022 | Buy Now | -66.39% | Wells Fargo | Deepa Raghavan | → $65 | Downgrade | Equal-Weight → Underweight | Get Alert |
06/16/2022 | Buy Now | -43.12% | UBS | John Lovallo | $156 → $110 | Maintains | Buy | Get Alert |
05/13/2022 | Buy Now | — | Wolfe Research | Truman Patterson | — | Downgrade | Outperform → Peer Perform | Get Alert |
05/04/2022 | Buy Now | -53.46% | Wells Fargo | Deepa Raghavan | $87 → $90 | Maintains | Equal-Weight | Get Alert |
04/29/2022 | Buy Now | -45.19% | Credit Suisse | Dan Oppenheim | $103 → $106 | Maintains | Outperform | Get Alert |
04/13/2022 | Buy Now | -53.98% | JP Morgan | Michael Rehaut | $111 → $89 | Maintains | Neutral | Get Alert |
04/12/2022 | Buy Now | -52.43% | Goldman Sachs | Susan Maklari | $114 → $92 | Maintains | Neutral | Get Alert |
04/05/2022 | Buy Now | -46.74% | Credit Suisse | Daniel Oppenheim | → $103 | Initiates | → Outperform | Get Alert |
03/10/2022 | Buy Now | -42.61% | JP Morgan | Michael Rehaut | $148 → $111 | Downgrade | Overweight → Neutral | Get Alert |
01/31/2022 | Buy Now | — | Keybanc | Kenneth Zener | — | Downgrade | Overweight → Sector Weight | Get Alert |
01/18/2022 | Buy Now | -18.82% | Wedbush | Jay McCanless | → $157 | Initiates | → Outperform | Get Alert |
12/13/2021 | Buy Now | — | Zelman | — | — | Upgrade | Hold → Buy | Get Alert |
10/29/2021 | Buy Now | -25.03% | Keybanc | Kenneth Zener | — | Maintains | Overweight | Get Alert |
10/14/2021 | Buy Now | -26.06% | JP Morgan | Michael Rehaut | — | Upgrade | Neutral → Overweight | Get Alert |
08/04/2021 | Buy Now | -32.78% | Wolfe Research | Truman Patterson | — | Upgrade | Peer Perform → Outperform | Get Alert |
07/30/2021 | Buy Now | -32.78% | Keybanc | Kenneth Zener | — | Maintains | Overweight | Get Alert |
The latest price target for Meritage Homes (NYSE:MTH) was reported by Evercore ISI Group on July 15, 2024. The analyst firm set a price target for $221.00 expecting MTH to rise to within 12 months (a possible 14.27% upside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for Meritage Homes (NYSE:MTH) was provided by Evercore ISI Group, and Meritage Homes maintained their outperform rating.
The last upgrade for Meritage Homes Corp happened on February 26, 2024 when Zelman & Assoc raised their price target to N/A. Zelman & Assoc previously had a neutral for Meritage Homes Corp.
The last downgrade for Meritage Homes Corp happened on April 2, 2024 when Wedbush changed their price target from $155 to $148 for Meritage Homes Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Meritage Homes, 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 Meritage Homes was filed on July 15, 2024 so you should expect the next rating to be made available sometime around July 15, 2025.
While ratings are subjective and will change, the latest Meritage Homes (MTH) rating was a maintained with a price target of $219.00 to $221.00. The current price Meritage Homes (MTH) is trading at is $193.40, which is out of the analyst’s predicted range.
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