Mayville Engineering Stock (NYSE:MEC), Analyst Ratings, Price Targets, Predictions

The latest price target for Mayville Engineering (NYSE: MEC) was reported by Citigroup on April 8, 2024. The analyst firm set a price target for $18.00 expecting MEC to rise to within 12 months (a possible 31.34% upside). 11 analyst firms have reported ratings in the last year.

The latest analyst rating for Mayville Engineering (NYSE: MEC) was provided by Citigroup, and Mayville Engineering maintained their buy rating.

The last upgrade for Mayville Engineering Co Inc happened on November 3, 2022 when Baird raised their price target to $15. Baird previously had a neutral for Mayville Engineering Co Inc.

The last downgrade for Mayville Engineering Co Inc happened on June 9, 2023 when Baird changed their price target from N/A to $14 for Mayville Engineering Co Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Mayville Engineering, 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 Mayville Engineering was filed on April 8, 2024 so you should expect the next rating to be made available sometime around April 8, 2025.

While ratings are subjective and will change, the latest Mayville Engineering (MEC) rating was a maintained with a price target of $17.00 to $18.00. The current price Mayville Engineering (MEC) is trading at is $13.71, which is out of the analyst’s predicted range.