Montrose Environmental Group, Inc. (MEG) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 12 analysts215.4% Below Target
MEG trades 215.4% below Wall Street's consensus target of $49.33.
Current Price$15.64
Average Target$49.33
Target
Current
Low$43.00
Median$51.00
High$54.00
Analyst Target Range
Forward P/E122.1x
(High Premium)
PEG Ratio—
Implied Growth-20.7%
(Declining)
Analyst Spread22.3%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MEG achieves its forward estimates and maintains a stable P/E multiple of 122.1x. This scenario reflects the blended consensus of 12 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MEG Price Target Analysis
Updated June 22, 2026As of June 22, 2026, Montrose Environmental Group, Inc. (MEG) has a Wall Street consensus price target of $49.33, based on estimates from 12 covering analysts. With the stock currently trading at $15.64, this represents a potential upside of +215.4%. The company has a market capitalization of $566M.
Analyst price targets range from a low of $43.00 to a high of $54.00, representing a 22% spread in expectations. The median target of $51.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, MEG trades at a trailing P/E of -111.7x and forward P/E of 122.1x. Analysts expect EPS to grow -20.7% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+27.8%
Industry Consensus
Avg Forward P/E
50.8x
(High Premium)
Peers with Coverage
9 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CLHClean Harbors, Inc. | $15.4B | $288.60 | $303.30 | +5.1% | Buy | 33.5x | 28 |
 ECVTEcovyst Inc. | $1.4B | $12.82 | $9.67 | -24.6% | Buy | 19.2x | 6 |
 TRCTejon Ranch Co. | $499M | $18.48 | — | — | Buy | 168.0x | 1 |
 PESIPerma-Fix Environmental Services, Inc. | $204M | $11.00 | $18.00 | +63.6% | Hold | — | 1 |
 CWSTCasella Waste Systems, Inc. | $5.4B | $86.98 | $112.33 | +29.1% | Buy | 64.2x | 19 |
 ERIIEnergy Recovery, Inc. | $486M | $9.42 | $12.50 | +32.7% | Buy | — | 16 |
 WMWaste Management, Inc. | $86.6B | $214.60 | $258.50 | +20.5% | Buy | 26.2x | 35 |
 RSGRepublic Services, Inc. | $63.1B | $204.94 | $239.29 | +16.8% | Buy | 28.1x | 35 |
 GFLGFL Environmental Inc. | $12.1B | $35.10 | $60.00 | +70.9% | Buy | 46.5x | 18 |
 XYLXylem Inc. | $26.5B | $111.42 | $151.57 | +36.0% | Hold | 20.1x | 40 |
MEG — Frequently Asked Questions
Quick answers to the most common questions about buying MEG stock.
What is the MEG stock price target for 2026?
The consensus Wall Street price target for MEG is $49.33, representing 215.4% upside from the current price of $15.64. With 12 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is MEG a buy, sell, or hold?
MEG has a consensus rating of "Buy" based on 12 Wall Street analysts. The rating breakdown is mixed, with 5 Hold ratings making up the largest segment. The consensus 12-month price target of $49.33 implies 215.4% upside from current levels.
Is MEG stock overvalued or undervalued?
At a forward P/E of 122.0921x, MEG trades at a premium valuation. The consensus price target of $49.33 (215.4% upside) suggests analysts still see growth justifying the multiple.
How high can MEG stock go?
The most bullish Wall Street analyst has a price target of $54 for MEG, while the most conservative target is $43. The consensus of $49.33 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover MEG stock?
MEG is moderately covered, with 12 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 5 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MEG stock forecast?
The 12-month MEG stock forecast based on 12 Wall Street analysts shows a consensus price target of $49.33, with estimates ranging from $43 (bear case) to $54 (bull case). The median consensus rating is "Buy".
What is MEG's forward P/E ratio?
MEG trades at a forward P/E ratio of 122.1x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MEG stock?
Wall Street analysts are very optimistic on MEG, with a "Buy" consensus rating and $49.33 price target (215.4% upside). 6 of 12 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MEG price targets vary so much?
MEG analyst price targets range from $43 to $54, a 22% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $49.33 consensus represents the middle ground.
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