CareCloud, Inc. (CCLD)
NASDAQ: CCLD · IEX Real-Time Price · USD
1.890
-0.060 (-3.08%)
At close: Jul 19, 2024, 4:00 PM
1.940
+0.050 (2.65%)
Pre-market: Jul 22, 2024, 7:16 AM EDT
CareCloud Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for CareCloud stock have an average target of 3.33, with a low estimate of 3.00 and a high estimate of 4.00. The average target predicts an increase of 76.19% from the current stock price of 1.89.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 16, 2024.
Analyst Ratings
The average analyst rating for CareCloud stock from 3 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Maintains $3.5 → $4 | Strong Buy | Maintains | $3.5 → $4 | +111.64% | May 16, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +85.19% | Mar 25, 2024 |
| Maxim Group | Maxim Group | Hold → Strong Buy Upgrades $3 | Hold → Strong Buy | Upgrades | $3 | +58.73% | Mar 22, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +85.19% | Nov 16, 2023 |
| Roth MKM | Roth MKM | Strong Buy → Hold Downgrades $8 → $3 | Strong Buy → Hold | Downgrades | $8 → $3 | +58.73% | Aug 4, 2023 |
Financial Forecast
Revenue This Year
118.75M
from 117.06M
Increased by 1.44%
Revenue Next Year
127.39M
from 118.75M
Increased by 7.28%
EPS This Year
-0.01
from -4.11
EPS Next Year
-0.05
from -0.01
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 124.1M | 138.5M |
| Avg | 118.8M | 127.4M |
| Low | 111.4M | 117.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 6.0% | 16.6% |
| Avg | 1.4% | 7.3% |
| Low | -4.8% | -1.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.16 | 0.34 |
| Avg | -0.01 | -0.05 |
| Low | -0.21 | -0.70 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| 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.