Carma Limited (ASX:CMA)

Carma Stock Forecast

Stock Price Forecast

According to 2 analysts polled by S&P Global, Carma stock has a consensus rating of "Strong Buy" and an average price target of $3.15. The average 1-year stock price forecast is 314.47% higher than the current stock price, while the lowest is $2.80 (+268.42%) and the highest is $3.50 (+360.53%).

Price Target: $3.15 (+314.47%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$2.80	$3.15	$3.15	$3.50
Change	+268.42%	+314.47%	+314.47%	+360.53%

* Price targets were last updated on May 3, 2026.

Analyst Ratings

The average analyst rating for Carma stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Apr '26	Jun '26
Strong Buy	1	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Owen Humphries Canaccord Genuity	Canaccord Genuity	Buy Maintains $3.50	Buy	Maintains	$3.50	+360.53%	May 3, 2026

Financial Forecast

Revenue This Year

117.85M

Increased by 65.03%

from 71.41M

Revenue Next Year

207.95M

Increased by 76.45%

from 117.85M

EPS This Year

-0.27

from -

EPS Next Year

-0.22

from -0.27

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026
Revenue	10.44M	47.99M	68.93M	71.41M	117.85M
Revenue Growth	-	359.63%	43.63%	3.61%	65.03%
Gross Profit	539.43K	1.82M	931.90K	5.19M	11.43M
Gross Margin	5.17%	3.80%	1.35%	7.27%	9.70%
Operating Income	-14.47M	-27.37M	-33.43M	-32.08M	-34.85M
Net Income	-10.41M	-26.42M	-33.41M	-35.86M	-44.40M
EPS	-	-	-	-	-0.27
Free Cash Flow	-	-30.25M	-7.48M	-13.37M	-43.75M
No. Analysts	-	-	-	-	2

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is AUD.

Revenue Forecast

Revenue	2026	2027	2028
High	120.2M
Avg	117.9M
Low	115.5M

Revenue Growth

Revenue Growth	2026	2027	2028
High	68.3%
Avg	65.0%
Low	61.7%

EPS Forecast

EPS	2026	2027	2028
High	-0.26
Avg	-0.27
Low	-0.28

EPS Growth

EPS Growth	2027	2028
High	-
Avg	-
Low	-

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: May 3, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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