Ameresco (AMRC) Stock Forecast & Price Target

$30.89

-1.42 (-4.39%)

(As of 07/26/2024 ET)

Ameresco - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Based on 16 Wall Street analysts who have issued ratings for Ameresco in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 4 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for AMRC.

Consensus Price Target

$40.85
32.23% Upside

High Forecast	$73.00
Average Forecast	$40.85
Low Forecast	$32.00

According to the 16 analysts' twelve-month price targets for Ameresco, the average price target is $40.85. The highest price target for AMRC is $73.00, while the lowest price target for AMRC is $32.00. The average price target represents a forecasted upside of 32.23% from the current price of $30.89.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	10 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$40.85	$40.31	$44.69	$63.31
Forecasted Upside	32.23% Upside	40.42% Upside	42.60% Upside	25.27% Upside

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AMRC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMRC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ameresco Stock vs. The Competition

Type	Ameresco	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.81	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	32.23% Upside	230.55% Upside	9.10% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/22/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$30.00 ➝ $37.00	+17.42%
6/25/2024	B. Riley 4 of 5 stars	R. Pfingst Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/14/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$36.00 ➝ $39.00	+28.80%
5/9/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$35.00 ➝ $32.00	+21.77%
5/9/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$28.00 ➝ $32.00	+18.91%
4/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$40.00 ➝ $37.00	+95.87%
Get the Latest News and Ratings for AMRC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Ameresco and its competitors with MarketBeat's FREE daily newsletter.
4/17/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
4/3/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$40.00 ➝ $35.00	+48.81%
3/12/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$34.00	+59.47%
2/29/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$50.00 ➝ $36.00	+56.32%
2/29/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral
12/15/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$29.00 ➝ $37.00	+1.31%
11/7/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Mulrooney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
10/25/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Irwin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
10/25/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$44.00	+47.97%
8/1/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$68.00 ➝ $73.00	+28.07%
5/18/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/28/2023	EF Hutton Acquisition Co. I Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$86.00 ➝ $80.00	+54.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:26 AM ET.

AMRC Forecast - Frequently Asked Questions

What is Ameresco's forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Ameresco is $40.85, with a high forecast of $73.00 and a low forecast of $32.00.
Should I buy or sell Ameresco stock right now?: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameresco in the last twelve months. There are currently 4 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AMRC shares.
Does Ameresco's stock price have much upside?: According to analysts, Ameresco's stock has a predicted upside of 38.92% based on their 12-month stock forecasts.
Has Ameresco been upgraded by Wall Street analysts recently?: Over the previous 90 days, Ameresco's stock had 1 upgrade by analysts.
What analysts cover Ameresco?: Ameresco has been rated by research analysts at B. Riley, Piper Sandler, Robert W. Baird, Stifel Nicolaus, and UBS Group in the past 90 days.
Do Wall Street analysts like Ameresco more than its competitors?: Analysts like Ameresco more than other "oils/energy" companies. The consensus rating score for Ameresco is 2.81 while the average consensus rating score for "oils/energy" companies is 2.56. Learn more on how AMRC compares to other companies.