JPMorgan cuts target to USD 145 for Middleby stock

Published on 10/17/2026 at 21:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Earnings are scheduled for November 11, 2026. Middleby stock stood at USD 107.78 on October 16, 2026, down 0.83 percent versus Nasdaq.

Analyst target and reporting date

JPMorgan lowered its Middleby target to USD 145.00 on October 8, 2026.
Middleby's next earnings release is scheduled for November 11, 2026.
Middleby stock stood at USD 107.78 at Nasdaq close on October 16, 2026, down 0.83 percent versus the prior close.
Middleby had a market capitalization of USD 4.9 billion and a P/E ratio of minus 11.63.

MIDD, US5962781010, Illustration mit AI erstellt.

JPMorgan cut its target for The Middleby Corporation (US5962781010) from USD 147.00 to USD 145.00 on October 8, 2026, while keeping an Overweight rating, according to Markets Insider. The revised target stood 34.53 percent above the Nasdaq price. The Nasdaq session closed at USD 107.78 on October 16, 2026, down 0.83 percent from USD 108.68.

Quarterly results point to mixed drivers

Middleby reported USD 875.55 million in revenue for the second quarter of 2026, according to Zacks. Adjusted earnings reached USD 2.35 per share, beating the USD 2.28 consensus estimate by 3.07 percent. Commercial Foodservice revenue rose 8.60 percent year over year to USD 630.60 million, while the Food Processing division generated USD 244.90 million.

Stock sits below its yearly high

At USD 107.78, Middleby was 27.45 percent below its 52-week high of USD 148.55 and 20.91 percent above its 52-week low of USD 89.16. Trading volume reached 414,158 shares, 26.88 percent below the 566,604-share average. On September 9, 2026, Middleby said it would discontinue its Brewing Group.

Valuation and the next date

Middleby's market capitalization was USD 4.9 billion and its P/E ratio was minus 11.63. The company paid no dividend yield in the quoted period. Its next earnings release is scheduled for November 11, 2026, according to TradingView.

Comparison with peers

MIDD (Nasdaq, USD): minus 0.83 percent, P/E minus 11.63, market capitalization USD 4.9 billion
Illinois Tool Works (NYSE, USD): plus 0.40 percent, P/E 24.69, market capitalization USD 77.5 billion
JBT Marel (NYSE, USD): minus 1.60 percent, P/E 28.25, market capitalization USD 5.4 billion

Price and dates for investors

Middleby's next scheduled earnings release on November 11, 2026 is the next dated corporate event. The stock's 52-week position leaves it 27.45 percent below the high, while the latest quarterly figures show adjusted earnings above consensus alongside strong Commercial Foodservice revenue.

Middleby stock stood at USD 107.78 at the Nasdaq close on October 16, 2026, down 0.83 percent from the prior close of USD 108.68. The further course of trading is shown by the continuously updated real-time quote of The Middleby Corporation stock.