Acacia Research Corporation (ACTG)
NASDAQ: ACTG · IEX Real-Time Price · USD
5.28
0.00 (0.00%)
At close: Mar 28, 2024, 4:00 PM
5.35
+0.07 (1.33%)
After-hours: Mar 28, 2024, 5:57 PM EDT

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 32.58% from the current stock price of 5.28.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $7.00 $7.00 $7.00 $7.00
Change +32.58% +32.58% +32.58% +32.58%

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 Jan '24Feb '24Mar '24
Strong Buy 111
Buy 000
Hold 000
Sell 000
Strong Sell 000
Total 111

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 +32.58% Mar 15, 2024
Craig-Hallum
Craig-Hallum
Strong Buy
Initiates
n/a
Strong Buy Initiates n/a n/a May 22, 2020
More Analyst Ratings

Financial Forecast

Revenue This Year
32.64M
from 125.10M
Decreased by -73.91%
Revenue Next Year
n/a
from 32.64M
EPS This Year
0.29
from 0.58
Decreased by -50.76%
EPS Next Year
n/a
from 0.29
Year 201920202021202220232024
Revenue
11.25M29.78M88.05M59.22M125.10M32.64M
Revenue Growth
-91.45%164.82%195.64%-32.74%111.24%-73.91%
EPS
-0.401.481.91-3.130.580.29
EPS Growth
--29.05%---50.76%
No. Analysts -----3
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024
High 33.6M
Avg 32.6M
Low 31.4M

Revenue Growth

Revenue Growth 2024
High
-73.1%
Avg
-73.9%
Low
-74.9%

EPS Forecast

EPS 2024
High 0.29
Avg 0.29
Low 0.27

EPS Growth

EPS Growth 2024
High
-49.3%
Avg
-50.8%
Low
-52.7%
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.