
Middleby (MIDD) Stock Forecast & Price Target
Middleby (MIDD) Analyst Ratings
Bulls say
Middleby Corp has demonstrated a robust financial performance, indicated by a significant revenue increase of 29% year-over-year in 2024, reversing the previous year's decline and showcasing a strong recovery trajectory. The company has also recorded a remarkable 60% growth in sales in Canada, rising from $1.1 billion in 2020 to $1.7 billion in 2024, which underscores its expanding market presence. Additionally, Middleby's market share improved by 135 basis points in 2024, reaching 7.7%, reflecting its competitive strength and strategic positioning within the foodservice equipment industry.
Bears say
Middleby Corp is experiencing a negative outlook primarily due to a 5.5% decline in organic sales within its Commercial Foodservice Equipment Group, which accounts for the majority of the company's revenue. This decline can be attributed to decreased demand from major chain customers, who are facing lowered traffic and cost pressures in the current economic environment. Furthermore, while there are mixed same-store sales results among these premier customers, the predominant trend indicates a significant reduction in customer traffic, raising concerns about future sales and profitability.
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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