
Miller Industries (MLR) Stock Forecast & Price Target
Miller Industries (MLR) Analyst Ratings
Bulls say
Miller Industries Inc. is poised for significant growth opportunities driven by increased demand from California Air Resources Board (CARB) states and a resurgence in military contracts that have returned to pre-COVID levels. The potential passage of the "Big Beautiful Bill" could further enhance fleet capital expenditures, providing a favorable regulatory environment for the company. Additionally, the combination of these factors contributes to substantial pent-up demand in key markets, promising a positive outlook for the company’s financial performance in the coming years.
Bears say
Miller Industries Inc faces significant operational challenges that could adversely impact its revenues and earnings, particularly due to potential shortages in chassis supply from Original Equipment Manufacturers (OEMs), which may deprioritize Miller Industries amid a competitive landscape of truck upfitters. Additionally, the company's capacity to grow sales may be hindered by changing state regulations concerning electric vehicle tow trucks and an overall inability to expand effectively, which limits growth potential without improvements in product mix or pricing strategies. Furthermore, the company's valuation appears elevated relative to peers, as evidenced by its low EBITDA driven by an imbalance in chassis inventories, indicating concerns over financial performance in the near term.
This aggregate rating is based on analysts' research of Miller Industries and is not a guaranteed prediction by Public.com or investment advice.
Miller Industries (MLR) Analyst Forecast & Price Prediction
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