Abacus Life, Inc. (ABL)
NASDAQ: ABL · IEX Real-Time Price · USD
10.08
+1.70 (20.29%)
At close: Jul 19, 2024, 4:00 PM
10.01
-0.07 (-0.69%)
Pre-market: Jul 22, 2024, 6:55 AM EDT
Abacus Life Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Abacus Life stock have an average target of 13.5, with a low estimate of 12 and a high estimate of 15. The average target predicts an increase of 33.93% from the current stock price of 10.08.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Abacus Life stock from 2 stock analysts 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 | Jun '24 | Jul '24 |
|---|---|---|
| Strong Buy | 1 | 1 |
| Buy | 1 | 1 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Total | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Initiates $12 | Buy | Initiates | $12 | +19.05% | Jun 26, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $16 → $15 | Strong Buy | Reiterates | $16 → $15 | +48.81% | Jun 24, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $16 | Strong Buy | Initiates | $16 | +58.73% | May 31, 2024 |
Financial Forecast
Revenue This Year
104.74M
from 66.40M
Increased by 57.74%
Revenue Next Year
172.86M
from 104.74M
Increased by 65.04%
EPS This Year
0.53
from 0.16
Increased by 228.25%
EPS Next Year
1.01
from 0.53
Increased by 92.31%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 108.9M | 179.7M | 251.1M |
| Avg | 104.7M | 172.9M | 241.6M |
| Low | 101.6M | 167.7M | 234.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 64.0% | 71.6% | 45.3% |
| Avg | 57.7% | 65.0% | 39.7% |
| Low | 53.1% | 60.1% | 35.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.55 | 1.05 | 1.52 |
| Avg | 0.53 | 1.01 | 1.46 |
| Low | 0.51 | 0.98 | 1.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 241.3% | 99.9% | 50.7% |
| Avg | 228.2% | 92.3% | 45.0% |
| Low | 218.5% | 86.6% | 40.7% |
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.