What is MLM stock price target for 2026?

WallStSmart's 12-month price target for Martin Marietta Materials Inc is $490.30, representing 20.8% downside from the current price of $619.07.

What is MLM stock forecast?

Martin Marietta Materials Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

MLM

Martin Marietta Materials Inc

NYSE: MLM · BASIC MATERIALS · BUILDING MATERIALS

$619.07

+1.01% today

Updated 2026-04-30

Market cap

$37.03B

P/E ratio

37.30

P/S ratio

6.02x

EPS (TTM)

$16.46

Dividend yield

0.53%

52W range

$520 – $710

Volume

0.5M

Market cap

$37.03B

P/E ratio

37.30

P/S ratio

6.02x

EPS (TTM)

$16.46

Dividend yield

0.53%

52W range

$520 – $710

Volume

0.5M

Martin Marietta Materials Inc (MLM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$619.07

Consensus

$689.64

+11.40%

2030 Target

$1,851.26

+199.04%

DCF

—

Current price

$619.07

Analyst consensus

$689.64

+11.40%

2030 Target

$1,851.26

+199.04%

Intrinsic (DCF)

—

14 analysts:

4 Buy5 Hold1 Sell

Management guidance

Management has provided modest 2026 guidance amid infrastructure timing uncertainty. CEO commentary indicates cautious near-term outlook with potential acceleration tied to federal infrastructure spending and data center construction demand. No specific multi-year revenue targets disclosed in recent earnings calls.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$3,105.34

$9.3B Rev × 20x P/S

Base case (2030)

$1,851.26

$9.3B Rev × 12x P/S

Bear case (2030)

$1,254.08

$9.3B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$6.8B	$6.5B	$6.5B	$6.9B	$8.1B	$8.7B	$9.3B
Revenue growth	—	-3.6%	0.1%	12.8%	8.3%	7.7%	6.8%
EPS	$19.33	$17.41	$18.83	$20.47	$25.80	$27.95	$29.85
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$1,373.51	$1,612.39	$1,731.82	$1,851.26

Catalysts & risks

Growth catalysts

+ Infrastructure spending acceleration from federal programs (Biden administration IIJA/Infrastructure Investment)

+ Data center construction boom driving aggregates and ready-mix concrete demand

+ Quikrete asset exchange completion (Feb 2026) expanding product portfolio and geographic reach

+ Margin expansion from cost initiatives and operational leverage

+ Potential M&A in fragmented aggregates market

Key risks

- Federal infrastructure spending delays and appropriations uncertainty

- Commercial real estate slowdown reducing non-residential construction demand

- Housing market weakness impacting residential construction activity

- Freight and fuel cost inflation pressuring margins

- Interest rate sensitivity affecting construction financing and customer capex

- Competitive pricing pressure in aggregates markets

Methodology

Martin Marietta Materials Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.