JPMorgan raises target for Middleby stock to USD 147

Published on 10/05/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Guidance stayed at USD 2.48-2.53 billion for 2026 on September 9, 2026. Middleby stock costs EUR 92.75 on October 5, 2026 after EUR 92.75.

MIDD, US5962781010, Illustration mit AI erstellt.

The Middleby Corporation (US5962781010) was trading at EUR 92.75 at Lang & Schwarz on October 5, 2026 at 9:29 a.m. CEST, while JPMorgan raised its target from USD 141.00 to USD 147.00 on September 15, 2026, according to MarketScreener. The target increased by USD 6.00, or 4.26 percent, giving the latest analyst action a concrete valuation signal.

Brewing exit keeps guidance intact

Middleby said on September 9, 2026 that it will discontinue its Brewing Group, with the wind-down expected to be substantially complete by the end of 2026. The unit generated USD 24.00 million of revenue and an adjusted EBITDA loss of USD 9.00 million in 2025, according to The Middleby Corporation.

Management reiterated 2026 net sales guidance of USD 2.48-2.53 billion and adjusted EBITDA guidance of USD 572.00-588.00 million. The release also set third-quarter 2026 net sales guidance at USD 620.00-640.00 million and adjusted EPS guidance at USD 1.67-1.83.

Second-quarter revenue beat expectations

In the second quarter of 2026, Middleby reported revenue of USD 875.55 million and adjusted EPS of USD 2.35, compared with consensus of USD 836.99 million and USD 2.09, respectively, according to MarketBeat. Revenue was reported as down 10.50 percent year over year, so the earnings comparison and the sales trend point in different directions.

The operating picture is also changing after the Brewing Group decision. Middleby is concentrating its portfolio on commercial foodservice, while the reiterated guidance provides the near-term benchmark for judging whether that narrower structure can support margins.

Middleby stock stays at EUR 92.75

Middleby stock was trading at EUR 92.75 at Lang & Schwarz on October 5, 2026 at 9:29 a.m. CEST, unchanged at 0.00 percent versus the prior close of EUR 92.75 on October 2, 2026. The primary listing is Nasdaq, where the finance snapshot dated October 2, 2026 showed a market capitalization of USD 4.7 billion and a 52-week range of USD 89.16 to USD 148.55.