Avid Bioservices Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Avid Bioservices stock have an average target of 12.25, with a low estimate of 12 and a high estimate of 12.5. The average target predicts a decrease of -0.41% from the current stock price of 12.30.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$12	$12.25	$12.5	$12.5
Change	-2.44%	-0.41%	+1.63%	+1.63%

* Price targets were last updated on Nov 7, 2024.

Analyst Ratings

The average analyst rating for CDMO stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	1	1	1	1	1	0
Buy	3	3	3	3	2	1
Hold	1	1	1	1	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	5	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sean Dodge RBC Capital	RBC Capital	Buy → Hold Downgrades $12 → $13	Buy → Hold	Downgrades	$12 → $13	+1.63%	Nov 7, 2024
Max Smock William Blair	William Blair	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Nov 7, 2024
Sean Dodge RBC Capital	RBC Capital	Buy Maintains $8 → $12	Buy	Maintains	$8 → $12	-2.44%	Sep 10, 2024
Jacob Johnson Stephens & Co.	Stephens & Co.	Buy Reiterates $12	Buy	Reiterates	$12	-2.44%	Sep 10, 2024
Max Smock William Blair	William Blair	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Sep 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

166.56M

from 139.91M

19.05%

from 139.91M

Revenue Next Year

201.33M

from 166.56M

20.88%

from 166.56M

EPS This Year

-0.30

from -2.23

EPS Next Year

-0.07

from -0.30

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 30, 2020	Apr 30, 2021	Apr 30, 2022	Apr 30, 2023	Apr 30, 2024	Apr 30, 2025	Apr 30, 2026	Apr 30, 2027
Revenue	59.70M	95.87M	119.60M	149.27M	139.91M	166.56M	201.33M	234.92M
Revenue Growth	11.38%	60.58%	24.75%	24.81%	-6.27%	19.05%	20.88%	16.68%
EPS	-0.27	0.06	1.84	0.00	-2.23	-0.30	-0.07	0.14
EPS Growth	-	-	3,127.60%	-99.78%	-	-	-	-
Forward PE	-	-	-	-	-	-	-	86.13
No. Analysts	-	-	-	-	-	7	7	4

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

Revenue Forecast

Revenue	2025	2026	2027
High	172.3M	236.3M	253.1M
Avg	166.6M	201.3M	234.9M
Low	159.0M	180.9M	212.2M

Revenue Growth

Revenue Growth	2025	2026	2027
High	23.2%	41.8%	25.7%
Avg	19.0%	20.9%	16.7%
Low	13.6%	8.6%	5.4%

EPS Forecast

EPS	2025	2026	2027
High	-0.26	0.12	0.15
Avg	-0.30	-0.07	0.14
Low	-0.34	-0.21	0.14

EPS Growth

EPS Growth	2025	2026	2027
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.