
Middleby (MIDD) Stock Forecast & Price Target
Middleby (MIDD) Analyst Ratings
Bulls say
Middleby Corp has demonstrated considerable revenue growth, with a notable 29% year-over-year increase in 2024, following earlier fluctuations in performance. The company’s sales in Canada have also shown a significant upward trajectory, rising 60% from $1.1 billion in 2020 to $1.7 billion in 2024. Additionally, Middleby has successfully gained market share, increasing from 6.4% in 2023 to 7.7% in 2024, indicating a positive trend for the company's competitive positioning.
Bears say
Middleby Corp has experienced a decline in organic sales within its Commercial Foodservice Equipment Group, reporting a decrease of 5.5% in Q2, primarily attributed to reduced demand from major chain customers facing traffic reductions and cost pressures. Despite some mixed same-store sales results among its top clients, the majority are experiencing declining customer traffic. This overall downturn in demand raises concerns regarding the company's ability to sustain revenue growth in an increasingly challenging market environment.
This aggregate rating is based on analysts' research of Middleby and is not a guaranteed prediction by Public.com or investment advice.
Middleby (MIDD) Analyst Forecast & Price Prediction
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