The price of MEI is predicted to go up 8.93%, based on the high correlation periods with NINE. The similarity of these two price pattern on the periods is 96.37%.

MEI

NINE

Up: 8.93%Similarity: 96.37%

MEI Revenue Forecast

MEI EPS Forecast

MEI FAQs

What is bull’s view on MEI?

Methode Electronics (MEI) is currently trading at $11.32, down 5.67% on January 31, 2025. Analysts have raised the price target to $14.67, citing reduced loss expectations and better-than-expected earnings. However, the company faces challenges with slower revenue growth (1.1% annually until 2025) compared to the industry average of 7.3%, which tempers the bullish outlook.

What is bear's view on MEI?

MEI stock faces bearish sentiment due to its SEC subpoena over potential FCPA violations, raising compliance risks and investor concerns. Analysts project slow revenue growth of 1.1% annually until 2025, significantly underperforming the industry average of 7.3%, with a consensus price target of $14.67. Technical indicators show weak momentum, with RSI at 42.93 and a pivot level of $12.25, suggesting limited upside in the near term.