
Miller Industries (MLR) Stock Forecast & Price Target
Miller Industries (MLR) Analyst Ratings
Bulls say
Miller Industries Inc is positioned to benefit from increased demand in CARB states and military sectors, which are anticipated to drive growth opportunities through 2026-2027. Additionally, the company has indicated that favorable regulatory changes, specifically the potential passage of the "Big Beautiful Bill," could positively influence fleet capital expenditures. The return of military opportunities to pre-COVID levels further supports a strong outlook, creating significant pent-up demand in key markets.
Bears say
Miller Industries faces a precarious outlook due to its reliance on OEM relationships for chassis supply, where the company cannot guarantee priority over other truck upfitters, potentially leading to future chassis shortages that could adversely impact revenues and earnings. Additionally, the risk of changing state regulations surrounding electric vehicle tow trucks presents further uncertainty for the company's ability to adapt and grow in an evolving market. Lastly, a higher valuation multiple relative to peers, combined with unusually low EBITDA driven by chassis inventory imbalances, raises concerns about sustainability and growth potential in the current financial landscape.
This aggregate rating is based on analysts' research of Miller Industries and is not a guaranteed prediction by Public.com or investment advice.
Miller Industries (MLR) Analyst Forecast & Price Prediction
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