Sphere 3D Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Sphere 3D stock has a target of 4.00, which predicts an increase of 260.36% from the current stock price of 1.11.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$4.00	$4.00	$4.00	$4.00
Change	+260.36%	+260.36%	+260.36%	+260.36%

Analyst Ratings

According to 1 stock analyst, the rating for Sphere 3D is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Mar '24	Apr '24	May '24
Strong Buy	1	1	1
Buy	0	0	0
Hold	0	0	0
Sell	0	0	0
Strong Sell	0	0	0
Total	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $4	Strong Buy	Reiterates	$4	+260.36%	May 16, 2024
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Initiates $5	Strong Buy	Initiates	$5	+350.45%	Dec 28, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

26.16M

from 21.91M

19.41%

from 21.91M

Revenue Next Year

n/a

from 26.16M

EPS This Year

-1.40

from -1.93

EPS Next Year

n/a

from -1.40

Year	2019	2020	2021	2022	2023	2024
Revenue	5.58M	4.85M	3.72M	6.08M	21.91M	26.16M
Revenue Growth	-38.22%	-13.10%	-23.27%	63.36%	260.47%	19.41%
EPS	-11.13	-6.86	-4.06	-20.36	-1.93	-1.40
EPS Growth	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024
High	27.2M
Avg	26.2M
Low	25.4M

Revenue Growth

Revenue Growth	2024
High	24.1%
Avg	19.4%
Low	15.9%

EPS Forecast

EPS	2024
High	-1.46
Avg	-1.40
Low	-1.36

EPS Growth

EPS Growth	2024
High	-
Avg	-
Low	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.