Mohawk Industries (MHK, Financial) saw its target price adjusted by JP Morgan analyst Michael Rehaut, according to recent analyst rating data. The updated price target for Mohawk Industries is now set at $139.00 USD, a decrease from the prior target of $156.00 USD.
Despite the reduction in the price target, the rating for Mohawk Industries remains unchanged. Michael Rehaut of JP Morgan continues to maintain an "Overweight" rating for MHK.
The adjustment in the price target represents a percentage change of -10.90%. The updated price target and maintained rating reflect current market evaluations.
Investors and market participants are closely watching the performance of Mohawk Industries (MHK, Financial) following this update as the company continues to navigate the dynamic market landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Mohawk Industries Inc (MHK, Financial) is $127.65 with a high estimate of $150.00 and a low estimate of $105.00. The average target implies an upside of 24.92% from the current price of $102.19. More detailed estimate data can be found on the Mohawk Industries Inc (MHK) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Mohawk Industries Inc's (MHK, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Mohawk Industries Inc (MHK, Financial) in one year is $108.73, suggesting a upside of 6.4% from the current price of $102.19. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Mohawk Industries Inc (MHK) Summary page.
