Roth Capital analyst Sean McGowan has revised the price target for MGP Ingredients (MGPI, Financial), reducing it from $45 to $41. Despite this adjustment, McGowan maintains a Buy rating on the stock as the company approaches its Q1 earnings announcement.
The analyst has expressed concerns that MGP Ingredients' sales may face greater challenges than previously anticipated. This revised outlook suggests that sales might remain steady, without growth, by 2026. Nonetheless, McGowan believes the company's shares are still undervalued compared to industry peers, indicating potential investment opportunities for the future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for MGP Ingredients Inc (MGPI, Financial) is $41.67 with a high estimate of $53.00 and a low estimate of $30.00. The average target implies an upside of 49.34% from the current price of $27.90. More detailed estimate data can be found on the MGP Ingredients Inc (MGPI) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, MGP Ingredients Inc's (MGPI, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MGP Ingredients Inc (MGPI, Financial) in one year is $65.75, suggesting a upside of 135.66% from the current price of $27.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MGP Ingredients Inc (MGPI) Summary page.
