Montrose Environmental Group (MEG) Receives "Buy" Rating with Raised Price Target by Needham

Montrose Environmental Group (MEG) maintains a "Buy" rating from Needham analyst James Ricchiuti with a raised price target of $31.00, a 3.33% increase from the previous target of $30.00. The average analyst price target for MEG is $30.00, with an estimated upside of 22.30%. The company's GF Value in one year is estimated at $41.03, indicating a potential upside of 67.26%.

Montrose Environmental Group Inc (MEG), a leading provider of environmental services, has seen a significant uptick in analyst optimism following its recent financial performance. Needham analyst James Ricchiuti, who maintains a "Buy" rating on the stock, has raised his price target to $31.00, a 3.33% increase from his previous target of $30.00 [1]. This move reflects the positive outlook on the company's future prospects.

The average analyst price target for MEG currently stands at $30.00, with an estimated upside of 22.30%. This indicates that analysts collectively anticipate a potential price increase of 22.30% from the current stock price. Additionally, the company's GF Value in one year is estimated at $41.03, suggesting a potential upside of 67.26% [2].

The recent positive analyst ratings and price target increases come on the heels of MEG's strong second-quarter performance. The company reported revenues of $234.5 million for the three months ended June 30, 2025, representing a significant increase compared to the same period in 2024 [3]. This growth was driven by organic expansion across all segments and enhanced operational efficiencies.

Moreover, MEG's stock has seen increased interest from institutional investors. William Blair Investment Management, LLC, a distinguished investment firm, recently added 414,272 shares to its holdings, bringing its total position in the company to 2,317,660 shares [4]. This strategic decision by the firm reflects its confidence in MEG's growth potential and long-term value.

In conclusion, the positive analyst ratings and increased institutional investment in MEG suggest that the company is well-positioned for future growth. Investors should closely monitor MEG's upcoming earnings report on August 6, 2025, to gauge the market's reaction to the company's performance.

References:
[1] https://finance.yahoo.com/news/expect-montrose-environmental-group-inc-140557882.html
[2] https://www.tradingview.com/news/tradingview:e42f3d74fade1:0-montrose-environmental-group-inc-sec-10-q-report/
[3] https://www.benzinga.com/analyst-stock-ratings/price-target/25/08/47002851/these-analysts-boost-their-forecasts-on-nlight-after-upbeat-q2-results
[4] https://www.gurufocus.com/news/3041219/william-blair-investment-management-llc-increases-stake-in-montrose-environmental-group-inc