MARCUS & MILLICHAP (MMI) Stock: Buy, Sell, or Hold?
MMI - MARCUS & MILLICHAP
$28.28
0.14 (0.50%)
▲
5d:
+0.04%
30d:
-5.95%
90d:
-6.91%
BUY
HIGH Confidence
Analysis Updated: Oct 22, 2026 12:00 AM ET
Earnings: Nov 06, 2026
14d
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Interactive Price Chart (1 Month)
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Bottom Line:
✅ BUY SIGNAL: MMI appears deeply undervalued. Market expects -4.0% annual earnings decline despite 57% recent earnings growth. Contrarian opportunity at discount to historical valuation.
✅ BUY SIGNAL: MMI appears deeply undervalued. Market expects -4.0% annual earnings decline despite 57% recent earnings growth. Contrarian opportunity at discount to historical valuation.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$45.28
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$28.11
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: MMI is currently trading at $28.28, which is considered slightly low relative to its 30-day fair value range of $27.91 to $30.24. From a valuation perspective, the stock is trading at a discount (Forward PE: 30.4) compared to its historical average (34.4). Remarkably, the market is currently pricing in an annual earnings decline of 4.0% over the next few years. This pessimistic expectation contrasts with the company's recent 56.9% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, MMI is in a downtrend. The price is approaching resistance at $28.73. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: MMI scores 81/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, MMI is in a downtrend. The price is approaching resistance at $28.73. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: MMI scores 81/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY LOW
Historical Trading Range
$27.91 -
$30.24
Company Quality Score
62/100
(BUY)
Volume Confirmation
HIGH
Confidence Score
85.7%
All Signals
- BULLISH: Price oversold vs 30-day range
- BULLISH: Strong technical setup (81/100)
- BULLISH: High volume confirmation
- NEUTRAL: Near Wall St target ($28.00)
- BULLISH: Bottoming setup score 81/100 — corrected, stabilizing, and turning up
Trading Range Analysis
30-Day Trading Range
$27.91 -
$30.24
Current vs Trading Range
SLIGHTLY LOW
Support & Resistance Levels
Support Level
$27.04
Resistance Level
$28.73
Current Trend
Downtrend
Technical data as of
Oct 22, 2026
Fundamental Context
Forward P/E (Next Year Est.)
30.41
Wall Street Target
$28.00
(-1.0%)
Revenue Growth (YoY)
17.8%
Earnings Growth (YoY)
56.9%
Profit Margin
1.8%
Valuation Discount vs History
-4.0% cheaper
PE vs Historical
30.4 vs 34.4
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-4.0%
(market-implied from PE analysis)
1-Year Target
$27.15
(-4%)
2-Year Target
$26.06
(-8%)
3-Year Target
$25.02
(-12%)
3-Yr Target (if PE normalizes)
(PE: 30→34)
$28.30
(+0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 30.4, Growth: 93.8%)
$95.45
(+238%)
Base:
(SPY PE: 19.9, Growth: 93.8%)
$62.34
(+120%)
Bear:
(PE: 16.9, Growth: 93.8%)
$52.99
(+87%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (76x PE), but valuation improves significantly next year (30x PE) as earnings recover.
Trailing PE: 76.05 | Current EPS (TTM): $0.37
Bull Case
$61.91
(+119%)
Analyst growth 100.0%, PE expands to 83.7
Base Case
$56.28
(+99%)
Market implied 100.0%, PE stable at 76.1
Bear Case
$19.14
(-32%)
Severe decline -20.0%, PE contracts to 64.7
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 30.4 to 34.4
Stabilization Target:
$31.99
(+13.1%)
PE Expansion Potential:
+13.1%
Share & Embed Analysis
Last updated: October 22, 2026 6:05 PM ET
Data refreshes hourly during market hours. Next update: 7:05 PM
Data refreshes hourly during market hours. Next update: 7:05 PM
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Technical Signals Check
Is MMI showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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