Should I Buy MLR? MLR 2026 Analysis

Should You Buy Miller Industries Inc (MLR) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

40.990

1 Day change

2.24%

52 Week Range

70.060

Analysis Updated At

2026/01/26

Miller Industries Inc (MLR) is not a strong buy at the moment for a beginner investor with a long-term strategy. The company is facing muted demand, a significant drop in financial performance, and a recent downgrade by analysts. While technical indicators are neutral, there are no strong positive catalysts or trading signals to justify an immediate investment.

Technical Analysis

The MACD histogram is positive at 0.181, indicating mild bullish momentum, but it is contracting. The RSI is neutral at 56.429, suggesting no clear overbought or oversold conditions. Moving averages are converging, signaling indecision in the market. Key support is at 39.132, and resistance is at 41.437.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Gross margin increased by 6.06% YoY in Q3 2025, indicating some operational efficiency improvements.

Neutral/Negative Catalysts

Analysts downgraded the stock to 'Hold' with a reduced price target. There is muted demand for the company's products from distributors.

Financial Performance

In Q3 2025, revenue dropped to $178.67M (-43.15% YoY), net income dropped to $3.08M (-80.02% YoY), and EPS dropped to $0.27 (-79.70% YoY). Gross margin increased to 14.18% (+6.06% YoY).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Freedom Capital downgraded Miller Industries to 'Hold' from 'Buy' with a price target reduction from $62 to $46, citing muted demand for its products despite maintaining its revenue forecast for 2025.

Analyst Rating

Wall Street analysts forecast MLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MLR is 0 USD with a low forecast of 0 USD and a high forecast of 0 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.

Buy

Hold

Sell

Current: 40.090

Low

Averages

High

Current: 40.090

Low

Averages

High

Freedom Capital

Buy

Hold

downgrade

$62 -> $46

AI Analysis

2025-11-10

Reason

Freedom Capital

Price Target

$62 -> $46

AI Analysis

2025-11-10

downgrade

Buy

Hold

Reason

Freedom Capital downgraded Miller Industries to Hold from Buy with a price target of $46, down from $62. Along with Q3 earnings reported November 5, Miller Industries upheld its revenue forecast for 2025, but "once again" acknowledged muted demand for its products from distributors, the analyst tells investors.

DA Davidson

Michael Shlisky

Buy

downgrade

$66 -> $64

2025-06-26

Reason

DA Davidson

Michael Shlisky

Price Target

$66 -> $64

2025-06-26

downgrade

Buy

Reason

MLR Should I Buy

MLR Should I Buy

Should You Buy Miller Industries Inc (MLR) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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