Citigroup Analyst Raises Mayville Engineering Price Target

Analyst sees potential 32.7% upside for the industrial manufacturer's stock.

Mar. 5, 2026 at 7:57pm

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Citigroup increased their price target on shares of Mayville Engineering (NYSE:MEC) from $24.00 to $25.00 and maintained a "buy" rating on the stock. The new price target suggests a potential upside of 32.7% from the company's current trading price.

Why it matters

Mayville Engineering is an industrial manufacturer that specializes in engineered metal castings and precision machining services. The analyst's positive outlook on the company's stock could signal potential growth opportunities for the business.

The details

In a research report, Citigroup cited Mayville Engineering's positioning for a large data center opportunity, with the company targeting over 20% of its revenue from that segment by 2026. This strategic shift towards the data center market may be viewed positively by analysts and growth investors if the company can execute on its plans.

  • Citigroup issued the updated price target and rating on Thursday, March 5, 2026.

The players

Mayville Engineering

A U.S.-based industrial manufacturer specializing in engineered metal castings and precision machining services, headquartered in Mayville, Wisconsin.

Citigroup

A global financial services company that provides investment banking, securities, and wealth management services.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Mayville Engineering's strategic shift towards the data center market appears to be viewed positively by analysts, with Citigroup raising its price target and maintaining a "buy" rating on the stock. This could signal potential growth opportunities for the industrial manufacturer if it can successfully execute on its plans.