Martin Marietta Materials, Inc. (MLM) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$606.10
Price Target
$695.30
Target Range
$608.00 — $785.00
Analyst Rating
Buy
Forward P/E31.0x
Trailing P/E32.2x
Forward PEG3.03
Implied Growth-53.4%
Median Target$696.00
Analyst Spread25.5%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$608
+0.3%
Consensus
$695
+14.7%
Bull Case
$785
+29.5%
Valuation Model TargetsConfidence: 56/100
Bear$383
Base$1139
Bull$1440
MLM Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Martin Marietta Materials, Inc. (MLM) has a Wall Street consensus price target of $695.30, based on estimates from 40 covering analysts. With the stock currently trading at $606.10, this represents a potential upside of +14.7%. The company has a market capitalization of $36.56B.
Analyst price targets range from a low of $608.00 to a high of $785.00, representing a 25% spread in expectations. The median target of $696.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 23 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, MLM trades at a trailing P/E of 32.2x and forward P/E of 31.0x. The forward PEG ratio of 3.03 reflects a premium valuation. Analysts expect EPS to grow -53.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $1139.49, with bear and bull scenarios of $382.84 and $1440.25 respectively. Model confidence stands at 56/100, reflecting moderate uncertainty in projections.
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 Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+7.6%
Avg Forward P/E25.7x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 VMCVulcan Materials Company | $37.8B | $291.51 | $327.00 | +12.2% | Buy | 31.7x | 36 |
 USLMUnited States Lime & Minerals, Inc. | $3.1B | $106.45 | $138.00 | +29.6% | Buy | 19.6x | 1 |
 MDUMDU Resources Group, Inc. | $4.9B | $22.46 | $21.00 | -6.5% | Buy | 22.9x | 17 |
 CRHCRH plc | $75.2B | $112.50 | $135.60 | +20.5% | Buy | 18.9x | 20 |
 EXPEagle Materials Inc. | $6.8B | $209.73 | $224.17 | +6.9% | Buy | 16.2x | 24 |
 BCPCBalchem Corporation | $5.2B | $161.13 | $162.00 | +0.5% | Buy | 31.2x | 10 |
 CATCaterpillar Inc. | $420.9B | $904.59 | $824.80 | -8.8% | Buy | 39.2x | 53 |
 DEDeere & Company | $156.1B | $575.79 | $680.54 | +18.2% | Hold | 32.3x | 46 |
 CMICummins Inc. | $93.3B | $675.00 | $621.10 | -8.0% | Buy | 25.6x | 51 |
 URIUnited Rentals, Inc. | $58.5B | $933.95 | $1037.13 | +11.0% | Buy | 19.9x | 40 |
Upside Potential Comparison
USLMCRHDEVMCURIEXPBCPCMDUFull MLM Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See MLM's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MLM Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare MLM vs LIN
Side-by-side business, growth, and profitability comparison vs Linde plc.
Start ComparisonMLM — Frequently Asked Questions
Quick answers to the most common questions about buying MLM stock.
What is the MLM stock price target for 2026?
Martin Marietta Materials, Inc. (MLM) has a consensus 12-month price target of $695.3, implying 14.7% upside from $606.1. The 40 analysts covering MLM see moderate appreciation potential.
Is MLM a buy, sell, or hold?
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 $695.3 implies 14.7% upside from current levels.
Is MLM stock overvalued or undervalued?
MLM trades at a forward P/E of 31.0341x, representing a moderate valuation. With analysts targeting $695.3 (14.7% implied move), the stock appears reasonably valued with upside.
How high can MLM stock go?
The most bullish Wall Street analyst has a price target of $785 for MLM, while the most conservative target is $608. The consensus of $695.3 represents the median expectation. Our quantitative valuation model projects a bull case target of $1440 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MLM stock?
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.
What is the MLM stock forecast?
The 12-month MLM stock forecast based on 40 Wall Street analysts shows a consensus price target of $695.3, with estimates ranging from $608 (bear case) to $785 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $1139, with bear/bull scenarios of $383/$1440.
What is MLM's fair value based on fundamentals?
Our quantitative valuation model calculates MLM's fair value at $1139 (base case), with a bear case of $383 and bull case of $1440. 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 56/100.
What is MLM's forward P/E ratio?
MLM trades at a forward P/E ratio of 31.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 32.2x. 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.
Should I buy MLM stock?
Wall Street analysts are optimistic on MLM, with a "Buy" consensus rating and $695.3 price target (14.7% 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.
Why do MLM price targets vary so much?
MLM analyst price targets range from $608 to $785, a 25% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $695.3 consensus represents the middle ground. Our model's $383-$1440 range provides an independent fundamental perspective.