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MEC Stock Forecast & Price Target

MEC Analyst Ratings

Based on 6 analyst ratings
Buy
Strong Buy 50%
Buy 0%
Hold 50%
Sell 0%
Strong Sell 0%

Bulls say

Mayville Engineering Co Inc has demonstrated a positive trajectory in its financial performance, notably with an adjusted EBITDA margin expansion of over 200 basis points, indicating improved operational efficiency. The company reported a 22% growth in adjusted EPS, driven by lower-than-expected SG&A expenses and a favorable tax rate, highlighting effective cost management. Additionally, strong organic sales growth of 6% surpassed expectations, supporting a forecasted 8.0% sales growth rate and reinforcing the company's potential for sustained long-term growth and enhanced free cash flow.

Bears say

The analysis indicates that Mayville Engineering Co Inc experienced stronger sales in 2022, with $86 million in revenue and an adjusted EBITDA of $16 million; however, 2023 saw declines due to a weak recreational vehicle market, suggesting that a drop in sales can significantly detriment the company’s gross profits and operating results. Furthermore, the reliance on customer forecasts for materials and components might lead to unrecouped pre-production costs, adversely affecting financial stability, especially as projected sales are expected to decline from $158.2 million in 3Q23 to $153.7 million. Additionally, challenges related to the timely procurement of essential components could further harm customer relationships and the company's financial condition, with an estimated net debt to EBITDA ratio of 1.5x expected by December 2024, reflecting ongoing financial pressures.

MEC has been analyzed by 6 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 0% recommend Buy, 50% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Mayville Engineering Company Inc and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Mayville Engineering Company Inc (MEC) Forecast

Analysts have given MEC a Buy based on their latest research and market trends.

According to 6 analysts, MEC has a Buy consensus rating as of Jun 16, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $19.17, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $19.17, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Mayville Engineering Company Inc (MEC)


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