Sphere 3D Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Sphere 3D stock has a target of 3.00, which predicts an increase of 120.59% from the current stock price of 1.36.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$3.00	$3.00	$3.00	$3.00
Change	+120.59%	+120.59%	+120.59%	+120.59%

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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	1
Buy	0	0	0	0	0
Hold	0	0	0	0	0
Sell	0	0	0	0	0
Strong Sell	0	0	0	0	0
Total	1	1	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 $3	Strong Buy	Reiterates	$3	+120.59%	Nov 18, 2024
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $4 → $3	Strong Buy	Maintains	$4 → $3	+120.59%	Aug 19, 2024
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $4	Strong Buy	Reiterates	$4	+194.12%	May 16, 2024
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Initiates $5	Strong Buy	Initiates	$5	+267.65%	Dec 28, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

21.72M

from 21.91M

-0.87%

from 21.91M

Revenue Next Year

n/a

from 21.72M

EPS This Year

-0.53

from -1.93

EPS Next Year

n/a

from -0.53

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Revenue	5.58M	4.85M	3.72M	6.08M	21.91M	21.72M
Revenue Growth	-38.22%	-13.10%	-23.27%	63.36%	260.47%	-0.87%
EPS	-11.13	-6.87	-4.04	-20.36	-1.93	-0.53
EPS Growth	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	2

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

Revenue Forecast

Revenue	2024
High	22.6M
Avg	21.7M
Low	21.1M

Revenue Growth

Revenue Growth	2024
High	3.1%
Avg	-0.9%
Low	-3.8%

EPS Forecast

EPS	2024
High	-0.55
Avg	-0.53
Low	-0.51

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.