Acacia Research Corporation (ACTG)
NASDAQ: ACTG · IEX Real-Time Price · USD
5.07
+0.09 (1.81%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Acacia Research Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Acacia Research stock has a target of 7.00, which predicts an increase of 38.07% from the current stock price of 5.07.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 15, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for ACTG 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 | Apr '24 | May '24 | Jun '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 |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $6 → $7 | Strong Buy | Maintains | $6 → $7 | +38.07% | Mar 15, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates n/a | Strong Buy | Initiates | n/a | n/a | May 22, 2020 |
Financial Forecast
Revenue This Year
102.84M
from 125.10M
Decreased by -17.80%
Revenue Next Year
132.60M
from 102.84M
Increased by 28.94%
EPS This Year
0.34
from 0.58
Decreased by -41.97%
EPS Next Year
0.59
from 0.34
Increased by 75.76%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 105.9M | 136.5M |
| Avg | 102.8M | 132.6M |
| Low | 98.8M | 127.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -15.4% | 32.7% |
| Avg | -17.8% | 28.9% |
| Low | -21.0% | 23.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.35 | 0.61 |
| Avg | 0.34 | 0.59 |
| Low | 0.32 | 0.57 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -40.3% | 80.9% |
| Avg | -42.0% | 75.8% |
| Low | -44.2% | 68.9% |
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.