MMI trades 9.0% above Wall Street's consensus target of $26.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MMI achieves its forward estimates and maintains a stable P/E multiple of 56.0x. This scenario reflects the blended consensus of 4 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 4, 2026, Marcus & Millichap, Inc. (MMI) has a Wall Street consensus price target of $26.00, based on estimates from 4 covering analysts. With the stock currently trading at $28.57, this represents a potential downside of -9.0%. The company has a market capitalization of $1.08B.
Analyst price targets range from a low of $26.00 to a high of $26.00, representing a 0% spread in expectations. The median target of $26.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 1 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, MMI trades at a trailing P/E of -583.1x and forward P/E of 56.0x. Analysts expect EPS to grow +35.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $1.13, with bear and bull scenarios of $0.71 and $1.49 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 JLLJones Lang LaSalle Incorporated | $14.2B | $306.81 | $450.50 | +46.8% | Buy | 12.3x | 12 |
 CBRECBRE Group, Inc. | $37.9B | $129.58 | $179.00 | +38.1% | Buy | 16.5x | 20 |
 CWKCushman & Wakefield plc | $2.8B | $11.92 | $16.00 | +34.2% | Hold | 8.1x | 16 |
 BGCBGC Group, Inc | $5.6B | $11.78 | $11.50 | -2.4% | Buy | 8.4x | 2 |
 NMRKNewmark Group, Inc. | $2.0B | $12.65 | $20.33 | +60.7% | Buy | 6.5x | 12 |
 RMRThe RMR Group Inc. | $565M | $17.73 | $32.00 | +80.5% | Hold | 28.1x | 14 |
 DOUGDouglas Elliman Inc. | $141M | $1.55 | — | — | Buy | 15.5x | 1 |
 OPENOpendoor Technologies Inc. | $2.4B | $2.44 | $4.92 | +101.6% | Hold | — | 26 |
 COMPCompass, Inc. | $5.6B | $9.22 | $13.93 | +51.1% | Buy | 56.3x | 11 |
 CSGPCoStar Group, Inc. | $11.1B | $27.38 | $36.36 | +32.8% | Buy | 20.0x | 27 |
Quick answers to the most common questions about buying MMI stock.
Wall Street's consensus price target for MMI is $26, -9.0% from its current price of $28.57. The below-market target from 4 analysts suggests limited near-term appreciation.
MMI 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 $26 implies -9.0% downside from current levels.
At a forward P/E of 56.0196x, MMI trades at a premium valuation. The consensus price target of $26 (-9.0% downside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $26 for MMI, while the most conservative target is $26. The consensus of $26 represents the median expectation. Our quantitative valuation model projects a bull case target of $1 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MMI 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 MMI stock forecast based on 4 Wall Street analysts shows a consensus price target of $26, with estimates ranging from $26 (bear case) to $26 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $1, with bear/bull scenarios of $1/$1.
Our quantitative valuation model calculates MMI's fair value at $1 (base case), with a bear case of $1 and bull case of $1. 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.
MMI trades at a forward P/E ratio of 56.0x 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.
Analysts are cautious on MMI, with 1 Sell ratings and a price target of $26 (-9.0% 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.
MMI analyst price targets range from $26 to $26, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $26 consensus represents the middle ground. Our model's $1-$1 range provides an independent fundamental perspective.
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.