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Meritage Homes Corp has a consensus price target of $190.69 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 JP Morgan, Keefe, Bruyette & Woods, and Wolfe Research on December 13, 2024, November 5, 2024, and August 14, 2024, respectively. With an average price target of $208.33 between JP Morgan, Keefe, Bruyette & Woods, and Wolfe Research, there's an implied 34.75% upside for Meritage Homes Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Meritage Homes (NYSE:MTH) was reported by JP Morgan on December 13, 2024. The analyst firm set a price target for $197.00 expecting MTH to rise to within 12 months (a possible 27.42% upside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for Meritage Homes (NYSE:MTH) was provided by JP Morgan, and Meritage Homes downgraded their neutral rating.
The last upgrade for Meritage Homes Corp happened on August 14, 2024 when Wolfe Research raised their price target to $230. Wolfe Research previously had a peer perform for Meritage Homes Corp.
The last downgrade for Meritage Homes Corp happened on December 13, 2024 when JP Morgan changed their price target from $220 to $197 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 December 13, 2024 so you should expect the next rating to be made available sometime around December 13, 2025.
While ratings are subjective and will change, the latest Meritage Homes (MTH) rating was a downgraded with a price target of $220.00 to $197.00. The current price Meritage Homes (MTH) is trading at is $154.61, which is out of the analyst’s predicted range.
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