Avid Bioservices, Inc. (CDMO)
NASDAQ: CDMO · IEX Real-Time Price · USD
6.70
-0.28 (-4.01%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Avid Bioservices Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Avid Bioservices stock have an average target of 12.25, with a low estimate of 7.00 and a high estimate of 16. The average target predicts an increase of 82.84% from the current stock price of 6.70.

Analyst Consensus: Buy
Target Low Average Median High
Price $7.00 $12.25 $14 $16
Change +4.48% +82.84% +108.96% +138.81%

Analyst Ratings

The average analyst rating for CDMO stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 001111
Buy 333333
Hold 111111
Sell 000000
Strong Sell 000000
Total 445555

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stephens & Co.
Stephens & Co.
Buy
Maintains
$15$12
Buy Maintains $15$12 +79.10% Mar 11, 2024
RBC Capital
RBC Capital
Buy
Reiterates
$7
Buy Reiterates $7 +4.48% Mar 7, 2024
RBC Capital
RBC Capital
Buy
Maintains
$15$7
Buy Maintains $15$7 +4.48% Dec 8, 2023
Craig-Hallum
Craig-Hallum
Strong Buy
Maintains
$22$16
Strong Buy Maintains $22$16 +138.81% Dec 8, 2023
Keybanc
Keybanc
Buy
Maintains
$20$14
Buy Maintains $20$14 +108.96% Dec 8, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
141.68M
from 149.27M
Decreased by -5.08%
Revenue Next Year
169.64M
from 141.68M
Increased by 19.73%
EPS This Year
-0.27
from 0.01
EPS Next Year
-0.03
from -0.27
Year 2019202020212022202320242025202620272028
Revenue
53.60M59.70M95.87M119.60M149.27M141.68M169.64M219.88M263.40M539.33M
Revenue Growth
-0.03%11.38%60.58%24.75%24.81%-5.08%19.73%29.62%19.79%104.76%
EPS
-0.16-0.270.061.840.01-0.27-0.030.24--
EPS Growth
---2,966.67%-99.46%-----
No. Analysts -----77543
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 147.9M 183.8M 246.8M 285.0M 555.2M
Avg 141.7M 169.6M 219.9M 263.4M 539.3M
Low 134.3M 156.8M 198.0M 240.1M 518.2M

Revenue Growth

Revenue Growth 20242025202620272028
High
-0.9%
29.7%
45.5%
29.6%
110.8%
Avg
-5.1%
19.7%
29.6%
19.8%
104.8%
Low
-10.1%
10.7%
16.7%
9.2%
96.7%

EPS Forecast

EPS 202420252026
High -0.24 0.03 0.37
Avg -0.27 -0.03 0.24
Low -0.29 -0.07 0.12

EPS Growth

EPS Growth 202420252026
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.