Technical Analysis
MLM has shown a bearish trend in recent trading sessions, with the stock closing at $489.84 on February 21, 2025, representing a significant -3.20% decline during regular market hours . The stock is currently trading below its recent high of $547.89 reached on February 23.
News Impact Recent earnings report showed mixed results:
Analyst Reactions Following Q4 results, analysts have adjusted their targets:
Price Prediction for Next Week Based on technical indicators and recent news:
Target Prices:
The stock is likely to experience continued pressure due to:
Recommendation: SELL
The price of MLM is predicted to go up 2.43%, based on the high correlation periods with RZB. The similarity of these two price pattern on the periods is 94.84%.
MLM
RZB
Not-in-my-backyard tendencies make the permitting process very difficult for new quarries, forming high barriers to entry and protecting Martin Marietta's aggregates business from incoming entrants.
Martin Marietta's geographic footprint is heavy in states that have strong need and the financial capability for an increase in road work.
Martin Marietta's exposure toward publicly funded infrastructure and repair activity has proved to be resilient during an economic downcycle.
Stephens & Co.
2025-02-13
Price Target
$675 → $650
Upside
+22.26%
Barclays
2025-02-13
Price Target
$645 → $600
Upside
+12.85%
Raymond James
2025-01-16
Price Target
$640 → $630
Upside
+18.59%