MLKN Should I Buy
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MillerKnoll Inc (MLKN) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the stock shows some positive technical indicators and a favorable analyst outlook, the recent financial performance is weak, and there are no significant catalysts or signals to suggest immediate upside potential. A hold position is recommended until stronger growth trends or catalysts emerge.
The stock's MACD is positive and contracting, indicating mild bullish momentum. RSI is neutral at 54.377, suggesting no overbought or oversold conditions. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), and the stock is trading above its pivot level of 21.388, with resistance at 22.878 and support at 19.898. However, the technical indicators do not strongly suggest a breakout or immediate upward momentum.
Analyst coverage from William Blair highlights potential for 5%-8% annual sales growth and 12%-15% earnings growth over the next 3-5 years. The company has a stable dividend, declining net leverage, and attractive valuation compared to peers.
Recent financial performance shows a YoY revenue decline of -1.57%, net income drop of -29.03%, and EPS decline of -28.57%. No recent news, significant hedge fund or insider trading trends, or congress trading data to act as catalysts.
In Q2 2026, revenue decreased to $955.2M (-1.57% YoY), net income dropped to $24.2M (-29.03% YoY), and EPS fell to 0.35 (-28.57% YoY). Gross margin improved slightly to 38.97% (+0.31% YoY), but overall financial performance is weak.
William Blair initiated coverage with an Outperform rating, citing potential for normalized growth, stable dividends, and attractive valuation. No price target was provided.
