12.4% Below Target

Martin Marietta Materials, Inc. (MLM) has a consensus 12-month price target of $684.55, implying 12.4% upside from $609.12. The 40 analysts covering MLM see moderate appreciation potential.

MLM has a consensus rating of "Buy" based on 40 Wall Street analysts. The rating breakdown is predominantly bullish, with 23 Buy/Strong Buy ratings. The consensus 12-month price target of $684.55 implies 12.4% upside from current levels.

MLM trades at a forward P/E of 31.8686x, representing a moderate valuation. With analysts targeting $684.55 (12.4% implied move), the stock appears reasonably valued with upside.

The most bullish Wall Street analyst has a price target of $785 for MLM, while the most conservative target is $556. The consensus of $684.55 represents the median expectation. Our quantitative valuation model projects a bull case target of $740 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

MLM is heavily covered by Wall Street, with 40 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 23 have Buy ratings, 17 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month MLM stock forecast based on 40 Wall Street analysts shows a consensus price target of $684.55, with estimates ranging from $556 (bear case) to $785 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $562, with bear/bull scenarios of $354/$740.

Our quantitative valuation model calculates MLM's fair value at $562 (base case), with a bear case of $354 and bull case of $740. 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 46/100.

MLM trades at a forward P/E ratio of 31.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 32.4x. 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.

Wall Street analysts are optimistic on MLM, with a "Buy" consensus rating and $684.55 price target (12.4% upside). 23 of 40 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.

MLM analyst price targets range from $556 to $785, a 33% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $684.55 consensus represents the middle ground. Our model's $354-$740 range provides an independent fundamental perspective.