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Mohawk Industries (MHK) Stock Forecast & Price Target

$154.44
-4.06 (-2.56%)
(As of 10/4/2024 ET)

Mohawk Industries - 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

Sell
1
Hold
4
Buy
6

Based on 11 Wall Street analysts who have issued ratings for Mohawk Industries in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 1 has given a sell rating, 4 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for MHK.

Consensus Price Target

$156.00
1.01% Upside
According to the 11 analysts' twelve-month price targets for Mohawk Industries, the average price target is $156.00. The highest price target for MHK is $185.00, while the lowest price target for MHK is $93.00. The average price target represents a forecasted upside of 1.01% from the current price of $154.44.
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MHK Analyst Ratings Over Time

TypeCurrent Forecast
10/7/23 to 10/6/24
1 Month Ago
9/7/23 to 9/6/24
3 Months Ago
7/9/23 to 7/8/24
1 Year Ago
10/7/22 to 10/7/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$156.00$156.00$123.20$114.71
Forecasted Upside1.01% Upside5.46% Upside10.15% Upside40.75% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold

MHK 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.
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MHK 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.
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Mohawk Industries Stock vs. The Competition

TypeMohawk IndustriesConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.55
2.56
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside1.01% Upside1,174.10% Upside7.05% Upside
News Sentiment Rating
Positive News

See Recent MHK News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/2/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$124.00 ➝ $155.00+1.77%
7/29/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$141.00 ➝ $185.00+13.50%
7/29/2024Barclays
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$118.00 ➝ $161.00-1.23%
7/29/2024Loop Capital
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 Boost TargetBuy ➝ Buy$145.00 ➝ $185.00+13.50%
7/29/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$108.00 ➝ $140.00-13.92%
7/29/2024Wells Fargo & Company
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 Boost TargetUnderweight ➝ Underweight$110.00 ➝ $140.00-12.59%
7/29/2024Truist Financial
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 Boost TargetBuy ➝ Buy$135.00 ➝ $184.00+14.49%
7/29/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$132.00 ➝ $160.00-0.44%
7/26/2024Bank of America
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 UpgradeUnderperform ➝ Buy$120.00 ➝ $177.00+31.14%
6/10/2024Raymond James
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S. Darkatsh
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UpgradeMarket Perform ➝ Strong-Buy$140.00+23.42%
2/12/2024Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$98.00 ➝ $152.00+38.17%
10/12/2023Jefferies Financial Group
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 Lower Target$118.00 ➝ $93.00+10.23%
3/20/2023Credit Suisse Group
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 Lower Target$109.00 ➝ $103.00+9.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:57 PM ET.


MHK Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Mohawk Industries is $156.00, with a high forecast of $185.00 and a low forecast of $93.00.

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There is currently 1 sell rating, 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MHK shares.

According to analysts, Mohawk Industries's stock has a predicted upside of 1.01% based on their 12-month stock forecasts.

Over the previous 90 days, Mohawk Industries's stock had 1 upgrade by analysts.

Mohawk Industries has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Loop Capital, Robert W. Baird, Royal Bank of Canada, The Goldman Sachs Group, Truist Financial, and Wells Fargo & Company in the past 90 days.

Analysts like Mohawk Industries less than other "consumer discretionary" companies. The consensus rating score for Mohawk Industries is 2.55 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how MHK compares to other companies.


This page (NYSE:MHK) was last updated on 10/6/2024 by MarketBeat.com Staff
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