The Marcus & Millichap Inc (MMI) share price is expected to decrease by 27.13% over the next year. This is based on calculating the average 12-month share price estimate provided by 4 stock analysts who have covered MMI. Price targets range from $30 at the low end to $30 at the high end. The current analyst consensus for MMI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 4 Wall Street analysts have assigned MMI 1 buy ratings, 3 hold ratings, and 0 sell ratings. This means that analysts expect Marcus & Millichap Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MMI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MMI.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Blaine Heck Wells Fargo | Underweight | $30 | Maintains | Sep 6, 2024 |
Blaine Heck Wells Fargo | Underweight | $20 | Maintains | Jun 30, 2023 |
Blaine Heck Wells Fargo | Underweight | $21 | Maintains | Apr 26, 2023 |
Blaine Heck Wells Fargo | Underweight | $24 | Maintains | Jan 27, 2023 |
Blaine Heck Wells Fargo | Underweight | $26 | Maintains | Sep 23, 2022 |
Blaine Heck Wells Fargo | Underweight | $40 | Maintains | Dec 1, 2021 |
Wells Fargo | Underweight | $28 | Maintains | Jun 10, 2020 |
Wells Fargo | Underweight | Downgrade | Apr 9, 2020 | |
JMP Securities | Market Perform | Downgrade | Aug 22, 2018 | |
JMP Securities | Market Outperform | Upgrade | Jan 24, 2018 | |
Citigroup | Buy | Upgrade | Nov 14, 2017 | |
Goldman Sachs | Neutral | Upgrade | Nov 10, 2015 | |
JMP Securities | Market Perform | Downgrade | Oct 26, 2015 | |
Goldman Sachs | Sell | Downgrade | Aug 12, 2015 | |
Citigroup | Buy | $59 | Maintains | Aug 7, 2015 |
Citigroup | Buy | $45 | Maintains | May 8, 2015 |
JMP Securities | Market Outperform | $42 | Maintains | May 8, 2015 |
Goldman Sachs | Neutral | Initiates | Mar 26, 2015 | |
JMP Securities | Market Outperform | $40 | Maintains | Mar 6, 2015 |
Citigroup | Buy | $42 | Maintains | Mar 6, 2015 |
When did it IPO
2013
Staff Count
896
Country
United States
Sector/Industry
Real Estate/Real Estate Services
CEO
Mr. Hessam Nadji
Market Cap
$1.60B
In 2023, MMI generated $645.9M in revenue, which was a decrease of -50.38% from the previous year. This can be seen as a signal that MMI's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Marcus & Millichap, Inc. (NYSE: MMI) will discuss its Q3 2024 financial results during a conference call on November 8, 2024, at 12:30 PM ET.
Why It Matters - The earnings call provides insights into Marcus & Millichap's financial performance, trends, and strategies, influencing investor sentiment and stock valuation.
Summary - Marcus & Millichap (NYSE: MMI) reported Q3 2024 revenue of $168.5 million, up from $162.0 million in Q3 2023. Brokerage commissions rose to $142.0 million from $139.8 million.
Why It Matters - Marcus & Millichap's revenue growth signals strong performance in the commercial real estate sector, potentially boosting investor confidence and impacting stock valuation positively.
Summary - IPA Capital Markets has secured a $63 million loan to refinance Muir Lake Apartments in Cedar Park, Texas, a 332-unit property built in 2014.
Why It Matters - The $63 million refinancing of Muir Lake Apartments signals strong investor confidence in the multifamily real estate sector, potentially boosting property values and market activity in the region.
Summary - Marcus & Millichap's IPA Capital Markets has secured $110 million in agency financing and a joint venture partnership for a multifamily acquisition in Bridgeport, Connecticut.
Why It Matters - The $110 million financing indicates strong investor confidence in multifamily properties, signaling potential growth and stability in that sector, which may attract further investment interest.
Summary - Marcus & Millichap has successfully closed the sale of an 11-property hospitality portfolio for $101 million.
Why It Matters - The $101 million sale indicates strong demand in the hospitality sector, suggesting potential growth and investment opportunities in real estate markets.
Summary - Marcus & Millichap, Inc. (NYSE: MMI) will report Q3 2024 financial results on November 8, 2024, before market open, followed by a webcast and conference call at 10:30 a.m. ET.
Why It Matters - Marcus & Millichap's upcoming financial results report may impact stock performance and investor sentiment, providing insights into the commercial real estate market's health and trends.