Marsh & McLennan Companies, Inc. (MMC) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 26 analysts20.9% Below Target
MMC trades 20.9% below Wall Street's consensus target of $210.40.
Current Price$174.06
Average Target$210.40
Target
Current
Low$199.00
Median$208.00
High$236.00
Analyst Target Range
Forward P/E16.9x
(Fair)
PEG Ratio0.88
(Undervalued)
Implied Growth+23.4%
(Moderate)
Analyst Spread17.6%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MMC achieves its forward estimates and maintains a stable P/E multiple of 16.9x. This scenario reflects the blended consensus of 26 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MMC Price Target Analysis
Updated June 22, 2026As of June 22, 2026, Marsh & McLennan Companies, Inc. (MMC) has a Wall Street consensus price target of $210.40, based on estimates from 26 covering analysts. With the stock currently trading at $174.06, this represents a potential upside of +20.9%. The company has a market capitalization of $85.27B.
Analyst price targets range from a low of $199.00 to a high of $236.00, representing a 18% spread in expectations. The median target of $208.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 8 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, MMC trades at a trailing P/E of 21.3x and forward P/E of 16.9x. The forward PEG ratio of 0.88 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +23.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $231.37, with bear and bull scenarios of $145.76 and $304.85 respectively. Model confidence stands at 55/100, 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 Financial Services stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+23.0%
Industry Consensus
Avg Forward P/E
15.9x
(Fair)
Peers with Coverage
9 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AONAon plc | $68.1B | $317.74 | $395.40 | +24.4% | Buy | 16.6x | 38 |
 WTWWillis Towers Watson Public Limited Company | $24.1B | $255.20 | $334.69 | +31.1% | Buy | 13.1x | 29 |
 AJGArthur J. Gallagher & Co. | $55.0B | $214.06 | $260.82 | +21.8% | Buy | 16.1x | 29 |
 BROBrown & Brown, Inc. | $20.1B | $59.10 | $88.00 | +48.9% | Hold | 13.1x | 30 |
 MCOMoody's Corporation | $79.9B | $450.67 | $541.31 | +20.1% | Buy | 27.0x | 32 |
 SPGIS&P Global Inc. | $121.6B | $410.92 | $548.11 | +33.4% | Buy | 20.9x | 28 |
 HWCHancock Whitney Corporation | $5.7B | $70.24 | $78.25 | +11.4% | Buy | 10.8x | 23 |
 RYANRyan Specialty Holdings, Inc. | $4.5B | $34.97 | $38.38 | +9.8% | Hold | 17.1x | 19 |
 ERIEErie Indemnity Company | $10.2B | $221.14 | — | — | — | 17.5x | — |
 EGEverest Re Group, Ltd. | $13.5B | $335.63 | $356.75 | +6.3% | Hold | 6.4x | 22 |
MMC — Frequently Asked Questions
Quick answers to the most common questions about buying MMC stock.
What is the MMC stock price target for 2026?
The consensus Wall Street price target for MMC is $210.4, representing 20.9% upside from the current price of $174.06. With 26 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is MMC a buy, sell, or hold?
MMC has a consensus rating of "Hold" based on 26 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $210.4 implies 20.9% upside from current levels.
Is MMC stock overvalued or undervalued?
With a forward P/E of 16.8851x, MMC trades at a relatively low valuation. The consensus target of $210.4 implies 20.9% appreciation, suggesting meaningful undervaluation.
How high can MMC stock go?
The most bullish Wall Street analyst has a price target of $236 for MMC, while the most conservative target is $199. The consensus of $210.4 represents the median expectation. Our quantitative valuation model projects a bull case target of $305 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MMC stock?
MMC is heavily covered by Wall Street, with 26 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 17 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 MMC stock forecast?
The 12-month MMC stock forecast based on 26 Wall Street analysts shows a consensus price target of $210.4, with estimates ranging from $199 (bear case) to $236 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $231, with bear/bull scenarios of $146/$305.
What is MMC's fair value based on fundamentals?
Our quantitative valuation model calculates MMC's fair value at $231 (base case), with a bear case of $146 and bull case of $305. 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 55/100.
What is MMC's forward P/E ratio?
MMC trades at a forward P/E ratio of 16.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.3x. 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 MMC stock?
Wall Street analysts are very optimistic on MMC, with a "Hold" consensus rating and $210.4 price target (20.9% upside). 8 of 26 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 MMC price targets vary so much?
MMC analyst price targets range from $199 to $236, a 18% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $210.4 consensus represents the middle ground. Our model's $146-$305 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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