
Miller Industries (MLR) Stock Forecast & Price Target
Miller Industries (MLR) Analyst Ratings
Bulls say
Miller Industries Inc. is positioned for growth due to increased demand from California Air Resources Board (CARB) states and military sectors, which are projected to drive opportunities leading into 2026-2027. The favorable regulatory environment, indicated by potential supportive legislation such as the "Big Beautiful Bill," is expected to enhance capital expenditures for fleets. Additionally, the resurgence of military opportunities to pre-COVID levels signals substantial pent-up demand, further reinforcing the positive outlook for the company's financial performance.
Bears say
Miller Industries's stock outlook appears negative due to significant concerns regarding the company's reliance on OEMs for chassis supplies, where the lack of assured prioritization could lead to shortages that may impair revenues and earnings. Additionally, potential changes in state regulations for electric vehicle tow trucks pose a risk to future operational stability, further complicating sales growth prospects. Finally, the current financial multiple is elevated compared to peers, driven by low EBITDA levels attributable to imbalances in chassis inventories, indicating a potentially unfavorable valuation metric for investors.
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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