$69.91
0.55% yesterday
NYSE, Dec 30, 10:00 pm CET
ISIN
US0084921008
Symbol
ADC

Agree Realty Corporation Target price 2024 - Analyst rating & recommendation

Agree Realty Corporation Classifications & Recommendation:

Buy
71%
Hold
24%
Sell
5%

Agree Realty Corporation Price Target

Target Price $80.48
Price $69.91
Potential
Number of Estimates 20
20 Analysts have issued a price target Agree Realty Corporation 2025 . The average Agree Realty Corporation target price is $80.48. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 21 analysts: 15 Analysts recommend Agree Realty Corporation to buy, 5 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Agree Realty Corporation stock has an average upside potential 2025 of . Most analysts recommend the Agree Realty Corporation stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 537.50 614.95
25.06% 14.41%
EBITDA Margin 81.42% 84.23%
0.27% 3.45%
Net Margin 32.74% 30.62%
25.72% 6.48%

15 Analysts have issued a sales forecast Agree Realty Corporation 2024 . The average Agree Realty Corporation sales estimate is

$615m
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. This is
2.35% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$625m 3.95%
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, the lowest is
$610m 1.57%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $538m 25.06%
2024
$615m 14.41%
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2025
$698m 13.55%
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2026
$744m 6.56%
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2027
$786m 5.57%
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2028
$1.0b 28.79%
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13 Analysts have issued an Agree Realty Corporation EBITDA forecast 2024. The average Agree Realty Corporation EBITDA estimate is

$518m
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. This is
5.13% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$606m 22.98%
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, the lowest is
$501m 1.70%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $438m 25.39%
2024
$518m 18.36%
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2025
$590m 13.81%
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2026
$674m 14.37%
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2027
$778m 15.41%
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EBITDA Margin

2023 81.42% 0.27%
2024
84.23% 3.45%
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2025
84.43% 0.24%
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2026
90.61% 7.32%
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2027
99.06% 9.33%
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2 Agree Realty Corporation Analysts have issued a net profit forecast 2024. The average Agree Realty Corporation net profit estimate is

$188m
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. This is
0.50% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$189m 0.99%
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, the lowest is
$187m 0.00%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $176m 7.10%
2024
$188m 7.00%
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2025
$209m 11.16%
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2026
$238m 13.54%
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Net Margin

2023 32.74% 25.72%
2024
30.62% 6.48%
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2025
29.98% 2.09%
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2026
31.94% 6.54%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.70 1.82
7.10% 7.06%
P/E 38.65
EV/Sales 16.56

2 Analysts have issued a Agree Realty Corporation forecast for earnings per share. The average Agree Realty Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.82
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. This is
0.55% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.83 1.10%
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, the lowest is
$1.81 0.00%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.70 7.10%
2024
$1.82 7.06%
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2025
$2.02 10.99%
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2026
$2.30 13.86%
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P/E ratio

Current 38.90 5.82%
2024
38.65 0.64%
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2025
34.77 10.04%
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2026
30.62 11.94%
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Based on analysts' sales estimates for 2024, the Agree Realty Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

16.56
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
11.83
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 16.95 1.22%
2024
16.56 2.29%
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2025
14.59 11.93%
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2026
13.69 6.16%
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2027
12.96 5.28%
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2028
10.07 22.35%
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P/S ratio

Current 12.11 1.73%
2024
11.83 2.30%
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2025
10.42 11.93%
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2026
9.78 6.16%
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2027
9.26 5.28%
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2028
7.19 22.35%
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