7.8% Above Target

Wall Street's consensus price target for MGEE is $70, -7.8% from its current price of $75.92. The below-market target from 4 analysts suggests limited near-term appreciation.

MGEE has a consensus rating of "Hold" based on 4 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $70 implies -7.8% downside from current levels.

With a forward P/E of 19.3837x, MGEE trades at a relatively low valuation. The consensus target of $70 implies -7.8% move, suggesting the market may be pricing in risks.

The most bullish Wall Street analyst has a price target of $70 for MGEE, while the most conservative target is $70. The consensus of $70 represents the median expectation. Our quantitative valuation model projects a bull case target of $111 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

MGEE is lightly followed, with 4 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 2 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month MGEE stock forecast based on 4 Wall Street analysts shows a consensus price target of $70, with estimates ranging from $70 (bear case) to $70 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $84, with bear/bull scenarios of $53/$111.

Our quantitative valuation model calculates MGEE's fair value at $84 (base case), with a bear case of $53 and bull case of $111. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 45/100.

MGEE trades at a forward P/E ratio of 19.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 20.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Analysts are cautious on MGEE, with 1 Sell ratings and a price target of $70 (-7.8% from current price). The "Hold" consensus suggests careful evaluation before buying. 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.

MGEE analyst price targets range from $70 to $70, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $70 consensus represents the middle ground. Our model's $53-$111 range provides an independent fundamental perspective.