MGP Ingredients, Inc. (MGPI) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 14 analysts76.4% Below Target
MGPI trades 76.4% below Wall Street's consensus target of $29.00.
Current Price$16.44
Average Target$29.00
Low$29.00
Median$29.00
High$29.00
Analyst Target Range
Forward P/E10.3x
(Value)
PEG Ratio—
Implied Growth+114.3%
(High Growth)
Analyst Spread0.0%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MGPI achieves its forward estimates and maintains a stable P/E multiple of 10.3x. This scenario reflects the blended consensus of 14 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MGPI Price Target Analysis
Updated June 22, 2026As of June 22, 2026, MGP Ingredients, Inc. (MGPI) has a Wall Street consensus price target of $29.00, based on estimates from 14 covering analysts. With the stock currently trading at $16.44, this represents a potential upside of +76.4%. The company has a market capitalization of $351M.
Analyst price targets range from a low of $29.00 to a high of $29.00, representing a 0% spread in expectations. The median target of $29.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 10 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MGPI trades at a trailing P/E of -3.3x and forward P/E of 10.3x. Analysts expect EPS to grow +114.3% 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 Consumer Defensive stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+20.5%
Industry Consensus
Avg Forward P/E
18.0x
(Fair)
Peers with Coverage
9 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SAMThe Boston Beer Company, Inc. | $1.9B | $176.11 | $242.25 | +37.6% | Hold | 18.5x | 31 |
 CODICompass Diversified | $761M | $10.11 | $15.00 | +48.4% | Hold | 35.8x | 14 |
 STZConstellation Brands, Inc. | $24.5B | $141.18 | $178.11 | +26.2% | Buy | 12.0x | 46 |
 TAPMolson Coors Beverage Company | $7.4B | $39.40 | $47.00 | +19.3% | Hold | 8.3x | 37 |
 WVVIWillamette Valley Vineyards, Inc. | $14M | $2.79 | — | — | — | — | — |
 ADMArcher-Daniels-Midland Company | $36.2B | $75.10 | $75.25 | +0.2% | Hold | 16.2x | 36 |
 INGRIngredion Incorporated | $6.2B | $97.93 | $117.00 | +19.5% | Hold | 9.1x | 21 |
 BGBunge Global S.A. | $21.8B | $112.58 | $133.67 | +18.7% | Buy | 12.1x | 25 |
 CALMCal-Maine Foods, Inc. | $3.7B | $77.73 | $90.00 | +15.8% | Hold | 9.8x | 8 |
 MNSTMonster Beverage Corporation | $89.3B | $91.34 | $90.58 | -0.8% | Buy | 39.9x | 44 |
MGPI — Frequently Asked Questions
Quick answers to the most common questions about buying MGPI stock.
What is the MGPI stock price target for 2026?
The consensus Wall Street price target for MGPI is $29, representing 76.4% upside from the current price of $16.44. With 14 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is MGPI a buy, sell, or hold?
MGPI has a consensus rating of "Buy" based on 14 Wall Street analysts. The rating breakdown is predominantly bullish, with 10 Buy/Strong Buy ratings. The consensus 12-month price target of $29 implies 76.4% upside from current levels.
Is MGPI stock overvalued or undervalued?
With a forward P/E of 10.2789x, MGPI trades at a relatively low valuation. The consensus target of $29 implies 76.4% appreciation, suggesting meaningful undervaluation.
How high can MGPI stock go?
The most bullish Wall Street analyst has a price target of $29 for MGPI, while the most conservative target is $29. The consensus of $29 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover MGPI stock?
MGPI is moderately covered, with 14 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 10 have Buy ratings, 4 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MGPI stock forecast?
The 12-month MGPI stock forecast based on 14 Wall Street analysts shows a consensus price target of $29, with estimates ranging from $29 (bear case) to $29 (bull case). The median consensus rating is "Buy".
What is MGPI's forward P/E ratio?
MGPI trades at a forward P/E ratio of 10.3x 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 MGPI stock?
Wall Street analysts are very optimistic on MGPI, with a "Buy" consensus rating and $29 price target (76.4% upside). 10 of 14 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 MGPI price targets vary so much?
MGPI analyst price targets range from $29 to $29, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $29 consensus represents the middle ground.
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