Bank of America has revised its price target for Mohawk Industries (MHK, Financial), reducing it to $132 from the previous $150 while maintaining a Buy rating on the stock. This adjustment reflects the firm's updated forecasts for the building products sector, which have been lowered by approximately 4% for 2025 and 6% for 2026. These revisions come in response to anticipated declines in renovation and remodel spending, a slowdown in new construction activities, and potential impacts from tariffs.
Additionally, BofA has reduced price targets across the sector by an average of 17%, underscoring a more cautious outlook for the companies under its coverage. This broader reevaluation highlights growing concerns about the challenges facing the building products industry, particularly in the context of changing economic conditions and policy developments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Mohawk Industries Inc (MHK, Financial) is $137.09 with a high estimate of $165.00 and a low estimate of $105.00. The average target implies an upside of 36.79% from the current price of $100.22. More detailed estimate data can be found on the Mohawk Industries Inc (MHK) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Mohawk Industries Inc's (MHK, Financial) average brokerage recommendation is currently 2.3, 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 Mohawk Industries Inc (MHK, Financial) in one year is $111.94, suggesting a upside of 11.69% from the current price of $100.22. 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 Mohawk Industries Inc (MHK) Summary page.
