Mayville Engineering

MEC · NYSE

$13.89−$0.05 (−0.36%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $13.94

MEC analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $37.74 (+171.7% upside)

Low: $34.34
Now: $13.89
High: $42.00

Upgrades and downgrades

The latest rating actions, newest first

MEC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Jul 22, 2026	Maintains	Buy	$32.00 → $36.00	54%
Citigroup	Jul 13, 2026	Maintains	Buy	$33.00 → $43.00	63%
DA Davidson	May 11, 2026	Maintains	Buy	$23.00 → $32.00	54%
Citigroup	May 8, 2026	Maintains	Buy	$25.00 → $33.00	63%
DA Davidson	Mar 9, 2026	Maintains	Buy	$21.00 → $23.00	54%
Citigroup	Mar 5, 2026	Maintains	Buy	$24.00 → $25.00	63%
Northland Capital Markets	Mar 5, 2026	Upgrade	Market Perform → Outperform	$20.00 → $25.00	60%
Citigroup	Jan 12, 2026	Maintains	Buy	$21.00 → $24.00	63%

The case for and against

Updated Oct 14, 2026

Bull case

Mayville Engineering is supported by improving mix, with 71% Datacenter-related growth signaling a meaningful new demand driver and a stronger margin profile, since Datacenter gross margins are 10 points higher than Trucks at trough. Its core Truck end market could build production rates through 4Q and potentially stabilize in 2027, while comments on Ag have turned increasingly positive, helping offset ongoing pressure in Powersports and Construction/Access. With most end markets still in deep cyclical troughs, the company’s outlook for about 20% EBITDA growth in 2026 and 2027 reflects a favorable operating setup and a more attractive valuation backdrop.

Bear case

Mayville Engineering is vulnerable to a sharp earnings miss because over 50% of 2024 revenue comes from its top 5 customers, leaving the business exposed to any contract loss or weaker demand in cyclical end-markets like Heavy Trucks, Construction Equipment, and Agriculture Equipment. Its outlook is further pressured by execution risk around the Accu-Fab deal, one of its largest in the last 20 years, since failed integration, missed synergies, or a downturn at the target could make growth assumptions too aggressive. Product liability, supply-contract litigation, tariffs, political shifts, and thin trading in a small-cap stock with 25%+ employee and insider ownership add additional downside and liquidity risk.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.