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Montrose Environmental Group Inc has a consensus price target of $40.25 based on the ratings of 8 analysts. The high is $51 issued by Stifel on April 3, 2024. The low is $29 issued by JP Morgan on November 8, 2024. The 3 most-recent analyst ratings were released by JP Morgan, Needham, and B of A Securities on November 8, 2024, November 8, 2024, and November 6, 2024, respectively. With an average price target of $34 between JP Morgan, Needham, and B of A Securities, there's an implied 78.57% upside for Montrose Environmental Group Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Montrose Environmental Gr (NYSE:MEG) was reported by JP Morgan on November 8, 2024. The analyst firm set a price target for $29.00 expecting MEG to rise to within 12 months (a possible 52.31% upside). 17 analyst firms have reported ratings in the last year.
The latest analyst rating for Montrose Environmental Gr (NYSE:MEG) was provided by JP Morgan, and Montrose Environmental Gr downgraded their neutral rating.
The last upgrade for Montrose Environmental Group Inc happened on November 9, 2023 when JP Morgan raised their price target to $41. JP Morgan previously had a neutral for Montrose Environmental Group Inc.
The last downgrade for Montrose Environmental Group Inc happened on November 8, 2024 when JP Morgan changed their price target from $48 to $29 for Montrose Environmental Group Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Montrose Environmental Gr, 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 Montrose Environmental Gr was filed on November 8, 2024 so you should expect the next rating to be made available sometime around November 8, 2025.
While ratings are subjective and will change, the latest Montrose Environmental Gr (MEG) rating was a downgraded with a price target of $48.00 to $29.00. The current price Montrose Environmental Gr (MEG) is trading at is $19.04, which is out of the analyst’s predicted range.
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