OpenAI and Elon Musk's Rivalry: Elon Musk attempted to secure a $97.4 billion offer to buy OpenAI, but Mark Zuckerberg did not support the bid, leading to legal disputes between Musk and OpenAI CEO Sam Altman.
Strategic Business Moves: Vyome is considering various strategic options for Livechain Inc., while Mercuries Life Insurance in Taiwan is exploring potential sales or stake sales.
Mergers and Acquisitions Activity: Notable transactions include Cenovus Energy's acquisition of MEG Energy for C$7.9 billion, Thoma Bravo's $12.3 billion acquisition of Dayforce, and Guess going private in a $1.4 billion deal.
Bankruptcy Trends in Dining Sector: Bravo Brio Restaurants filed for Chapter 11 due to weak demand and rising costs, joining other Italian eateries like Bertucci's and Red Lobster facing similar financial struggles.
Wall Street analysts forecast MEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MEG is 33.50 USD with a low forecast of 32.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast MEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MEG is 33.50 USD with a low forecast of 32.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 22.240
Low
32.00
Averages
33.50
High
36.00
Current: 22.240
Low
32.00
Averages
33.50
High
36.00
Barclays
William Grippin
Overweight
maintain
$35 -> $36
2025-11-07
Reason
Barclays
William Grippin
Price Target
$35 -> $36
AI Analysis
2025-11-07
maintain
Overweight
Reason
Barclays analyst William Grippin raised the firm's price target on Montrose Environmental to $36 from $35 and keeps an Overweight rating on the shares. The company reported a solid Q3, driven by strong organic growth and cross-selling initiatives, the analyst tells investors in a research note.
JPMorgan
Neutral
maintain
$26 -> $33
2025-10-14
Reason
JPMorgan
Price Target
$26 -> $33
2025-10-14
maintain
Neutral
Reason
JPMorgan raised the firm's price target on Montrose Environmental to $33 from $26 and keeps a Neutral rating on the shares. The firm adjusted targets in the machinery and waste services group ahead of the Q3 reports. The sector has historically underperformed in the three months after the first Federal Reserve rate cut and another escalation of tariffs on Chinese goods should impact Q4 earnings for most companies, the analyst tells investors in a research note. JPMorgan established December 2026 price targets versus December 2025 previously.
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Barclays
William Griffin
Overweight
initiated
$35
2025-09-18
Reason
Barclays
William Griffin
Price Target
$35
2025-09-18
initiated
Overweight
Reason
Barclays analyst William Griffin initiated coverage of Montrose Environmental with an Overweight rating and $35 price target. The firm started 10 stocks in the North America environmental services sector with a positive industry view, citing \"resilient\" demand and long-term consolidation opportunities. Waste and water infrastructure offer relatively stable demand across cycles, the analyst tells investors in a research note. Barclays sees select buying opportunities on the recent sector pullback.
Barclays
Overweight
initiated
$35
2025-09-18
Reason
Barclays
Price Target
$35
2025-09-18
initiated
Overweight
Reason
Barclays initiated coverage of Montrose Environmental with an Overweight rating and $35 price target. The firm started 10 stocks in the North America environmental services sector with a positive industry view, citing \"resilient\" demand and long-term consolidation opportunities. Waste and water infrastructure offer relatively stable demand across cycles, the analyst tells investors in a research note. Barclays sees select buying opportunities on the recent sector pullback.
About MEG
Montrose Environmental Group, Inc. is an environmental solutions company focused on supporting commercial and government organizations. Its Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning and development projects. Its Measurement and Analysis segment provides environmental testing and laboratory services in North America, including source and ambient air testing and monitoring, leak detection, and advanced multimedia laboratory services. Its Remediation and Reuse segment provides clients with engineering, design, and implementation services, primarily treatment technologies that treat contaminated water, remove contaminants from soil or create renewable energy from waste.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
