MGPI Similar Chart Price Prediction
The price of MGPI is predicted to go up -27.17%, based on the high correlation periods with CTMX. The similarity of these two price pattern on the periods is 96.44%.
MGPI
CTMX
Down: -27.17%Similarity: 96.44%
MGPI Revenue Forecast
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MGPI Analyst's Forecast
Robert Moskow
TD Cowen
Strong Buy → Hold
2024-11-06
Price Target
$66 → $50
Upside
+1.9%
TD Cowen analyst Robert Moskow downgraded MGP Ingredients to Hold from Buy with a price target of $50, down from $66. The firm believes the supply/demand imbalance for Brown Goods will persist for at least the next 12 months, while margins for Distilling Solutions "will reset significantly lower." MGP's pivot to Branded Spirits remains a "show-me" story, and given weak industry trends TD does not expect near-term valuation upside from the strategic shift, the analyst tells investors in a research note.
Sean McGowan
Roth MKM
Strong Buy
2024-11-04
Price Target
$69 → $65
Upside
+38.45%
Bill Chappell
Truist Securities
Strong Buy
2024-10-22
Price Target
$95 → $85
Upside
+47.83%
