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MGP Ingredients Inc has a consensus price target of $113.75 based on the ratings of 8 analysts. The high is $140 issued by Truist Securities on September 6, 2023. The low is $92 issued by Roth MKM on July 25, 2024. The 3 most-recent analyst ratings were released by Roth MKM, Roth MKM, and Wedbush on July 25, 2024, May 3, 2024, and April 29, 2024, respectively. With an average price target of $101.33 between Roth MKM, Roth MKM, and Wedbush, there's an implied 21.33% upside for MGP Ingredients Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MGP Ingredients (NASDAQ:MGPI) was reported by Roth MKM on July 25, 2024. The analyst firm set a price target for $92.00 expecting MGPI to rise to within 12 months (a possible 10.15% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for MGP Ingredients (NASDAQ:MGPI) was provided by Roth MKM, and MGP Ingredients maintained their buy rating.
The last upgrade for MGP Ingredients Inc happened on November 29, 2021 when Truist Securities raised their price target to $100. Truist Securities previously had a hold for MGP Ingredients Inc.
There is no last downgrade for MGP Ingredients.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MGP Ingredients, 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 MGP Ingredients was filed on July 25, 2024 so you should expect the next rating to be made available sometime around July 25, 2025.
While ratings are subjective and will change, the latest MGP Ingredients (MGPI) rating was a maintained with a price target of $92.00 to $92.00. The current price MGP Ingredients (MGPI) is trading at is $83.52, which is out of the analyst’s predicted range.
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