38.1% Below Target

The consensus Wall Street price target for NEM is $143.33, representing 38.1% upside from the current price of $103.79. With 36 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

NEM has a consensus rating of "Buy" based on 36 Wall Street analysts. The rating breakdown is predominantly bullish, with 27 Buy/Strong Buy ratings. The consensus 12-month price target of $143.33 implies 38.1% upside from current levels.

With a forward P/E of 10.0647x, NEM trades at a relatively low valuation. The consensus target of $143.33 implies 38.1% appreciation, suggesting meaningful undervaluation.

The most bullish Wall Street analyst has a price target of $175 for NEM, while the most conservative target is $111. The consensus of $143.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $145 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

NEM is heavily covered by Wall Street, with 36 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 27 have Buy ratings, 9 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 NEM stock forecast based on 36 Wall Street analysts shows a consensus price target of $143.33, with estimates ranging from $111 (bear case) to $175 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $110, with bear/bull scenarios of $70/$145.

Our quantitative valuation model calculates NEM's fair value at $110 (base case), with a bear case of $70 and bull case of $145. 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 44/100.

NEM trades at a forward P/E ratio of 10.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 16.2x. 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.

Wall Street analysts are very optimistic on NEM, with a "Buy" consensus rating and $143.33 price target (38.1% upside). 27 of 36 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.

NEM analyst price targets range from $111 to $175, a 45% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $143.33 consensus represents the middle ground. Our model's $70-$145 range provides an independent fundamental perspective.