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Miller Industries (MLR) Stock Forecast & Price Target

Miller Industries (MLR) Analyst Ratings

Based on 1 analyst ratings
Strong Buy
Strong Buy 100%
Buy 0%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Miller Industries Inc. has established a strong leadership position in the vehicle towing and recovery equipment sector, benefitting from favorable trends such as urbanization, an increasing number of vehicles on the road, and a growing aging automobile fleet. The company has achieved over $1.2 billion in sales, reflecting a compound annual growth rate (CAGR) of 14% over the last 25 years, driven by heightened traffic density and more miles being driven. With the average age of vehicles reaching 12.5 years in 2023 and a continued increase in total road mileage, Miller Industries is well-positioned to capitalize on ongoing market demand and industry growth.

Bears say

Miller Industries has demonstrated strong net debt-to-EBITDA metrics, consistently remaining below 0.5x, which indicates low financial leverage; however, this may not offset the potential impact of chassis shortages that could lead to revenue and earnings shortfalls. The recent 10% decline in stock price signals market concern regarding the company's outlook, especially with a projected year-over-year revenue decline for the fourth quarter, despite adjusted EBITDA of $23.4 million falling short of the $25.2 million estimate. Additionally, while the company anticipates low-teens revenue growth for 2024, future sales growth may face significant challenges if expansion efforts do not materialize and absent favorable changes in product mix or pricing.

Miller Industries (MLR) has been analyzed by 1 analysts, with a consensus rating of Strong Buy. 100% of analysts recommend a Strong Buy, 0% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Miller Industries and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Miller Industries (MLR) Forecast

Analysts have given Miller Industries (MLR) a Strong Buy based on their latest research and market trends.

According to 1 analysts, Miller Industries (MLR) has a Strong Buy consensus rating as of Jul 12, 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 $64, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $64, 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.

Miller Industries (MLR)


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