33.7% Below Target

The consensus Wall Street price target for CMC is $82.33, representing 33.7% upside from the current price of $61.58. With 26 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

CMC has a consensus rating of "Buy" based on 26 Wall Street analysts. The rating breakdown is mixed, with 12 Hold ratings making up the largest segment. The consensus 12-month price target of $82.33 implies 33.7% upside from current levels.

With a forward P/E of 9.5946x, CMC trades at a relatively low valuation. The consensus target of $82.33 implies 33.7% appreciation, suggesting meaningful undervaluation.

The most bullish Wall Street analyst has a price target of $89 for CMC, while the most conservative target is $75. The consensus of $82.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $117 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

CMC is heavily covered by Wall Street, with 26 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 12 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month CMC stock forecast based on 26 Wall Street analysts shows a consensus price target of $82.33, with estimates ranging from $75 (bear case) to $89 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $89, with bear/bull scenarios of $56/$117.

Our quantitative valuation model calculates CMC's fair value at $89 (base case), with a bear case of $56 and bull case of $117. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 41/100.

CMC trades at a forward P/E ratio of 9.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 83.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are very optimistic on CMC, with a "Buy" consensus rating and $82.33 price target (33.7% upside). 12 of 26 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

CMC analyst price targets range from $75 to $89, a 17% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $82.33 consensus represents the middle ground. Our model's $56-$117 range provides an independent fundamental perspective.