The price of MTRN is predicted to go up -6.38%, based on the high correlation periods with FOR. The similarity of these two price pattern on the periods is 92.85%.
MTRN
FOR
Down: -6.38%Similarity: 92.85%
MTRN Revenue Forecast
MTRN EPS Forecast
MTRN FAQs
What is bull’s view on MTRN?
Materion Corporation (MTRN) is currently trading at $97.15, with analysts projecting a target price of $142.33, indicating a potential upside of 46.51%. This bullish view is supported by strong sales growth, exceeding expectations in Q3, and a solid full-year EPS forecast of $5.20-$5.40. Despite higher costs impacting net income, the company’s consistent performance and industry positioning make it an attractive growth opportunity.
What is bear's view on MTRN?
Materion Corporation (MTRN) currently trades at $97.15, but bearish sentiment arises from its declining net income ($22.29M in Q3 vs. $26.56M YoY) and higher costs impacting profitability. Despite a 46.51% upside to the $142.33 analyst target, weak earnings growth and cost pressures suggest limited near-term momentum. Additionally, its recent pre-market dip (-2.6%) reflects market skepticism about its growth prospects.
What is MTRN revenue forecast for next quarter?
The market consensus for MTRN's revenue in the upcoming quarter is projected to be approximately $395.2M USD.
What is MTRN eps forecast for next quarter?
The market consensus for MTRN's eps in the upcoming quarter is projected to be approximately $1.155 USD.
Seaport Research lowered the firm's price target on Materion to $135 from $150 and keeps a Buy rating on the shares. The company recently reduced its estimates for FY24, which is due to the operational issues and underlying market weakness experienced in 1H of 2024, the analyst tells investors. The firm believes the company can still show some sequential improvement in Q4 and momentum into 2025 from key markets.