JPMorgan raises target for Middleby stock from USD 141.00 to USD 147.00

Published on 10/02/2026 at 03:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Middleby reported USD 875.55 million revenue in the second quarter. For Middleby stock, Q3 sales guidance is USD 620.00-640.00 million.

MIDD, US5962781010, Illustration mit AI erstellt.

JPMorgan upgraded Middleby stock from Neutral to Overweight and raised its price target from USD 141.00 to USD 147.00 on September 15, 2026, according to MarketScreener. The move gives investors a fresh reference point as Middleby reshapes its portfolio around commercial foodservice equipment.

JPMorgan lifts its target

The new USD 147.00 target is 4.26 percent above the former USD 141.00 target, a concrete shift in JPMorgan's view rather than a simple rating reaffirmation. The upgrade also contrasts with Middleby's weaker sales outlook for the coming quarter.

MarketScreener reported on September 9, 2026 that Middleby reaffirmed third-quarter 2026 net sales guidance of USD 620.00 million to USD 640.00 million and full-year 2026 net sales guidance of USD 2.48 billion to USD 2.53 billion.

Quarterly revenue beats estimates

Middleby's second-quarter 2026 revenue was USD 875.55 million, compared with a consensus estimate of USD 836.99 million, according to MarketBeat. The USD 38.56 million revenue beat came alongside a 10.50 percent year-over-year revenue decline, showing why the target increase does not remove the operating challenge.

The same report said Middleby delivered USD 2.35 in adjusted earnings per share against a USD 2.09 consensus estimate in the second quarter of 2026. The USD 0.26 per-share beat supports the bullish part of the analyst case, while the annual sales range of USD 2.48 billion to USD 2.53 billion keeps execution central.

Stock stays below its yearly range

The Lang & Schwarz prior close was EUR 91.25 on September 30, 2026. Middleby's market capitalization was USD 4.6 billion as of October 1, 2026, while its 52-week range was USD 89.16 to USD 148.55.