Key Highlights:
- MillerKnoll (MLKN, Financial) stock experiences a significant dip, presenting potential investment opportunities for long-term investors.
- Analyst estimates suggest an 85.52% upside potential from the current share price.
- The stock is currently rated as "Hold" by brokerage firms based on consensus recommendations.
MillerKnoll (MLKN) shares have recently seen a notable decline, now trading at $16.30, which is a decline of 47.5% from its 52-week high. This downturn aligns with broader market apprehensions surrounding volatile trade policies and persistent economic uncertainties. Yet, steadfast long-term investors are focusing on the potential recovery avenues that could arise for this stock.
Analyst Forecasts for MillerKnoll
According to predictions from two analysts, the average one-year price target for MillerKnoll Inc (MLKN, Financial) stands at $30.50. This includes a high estimate of $38.00 and a more conservative low estimate of $23.00. Notably, the average price target suggests an impressive upside of 85.52% from the current trading price of $16.44. Investors looking for a detailed analysis can explore more on the MillerKnoll Inc (MLKN) Forecast page.
The consensus recommendation from two brokerage firms currently places MillerKnoll Inc (MLKN, Financial) at an average brokerage recommendation of 3.0, aligning it with a "Hold" status. This rating is part of a broader scale that ranges from 1, representing a Strong Buy, to 5, signaling a recommendation to Sell.
Understanding the GF Value Estimate
GuruFocus estimates project the GF Value for MillerKnoll Inc (MLKN, Financial) to be $26.13 within a year, indicating a potential upside of 58.94% from the current share price of $16.44. The GF Value reflects GuruFocus' evaluation of the fair market value at which the stock should be traded, a figure derived from historical trading multiples, prior business growth, and prospective business performance estimates. For a comprehensive analysis, investors can visit the MillerKnoll Inc (MLKN) Summary page.
