Cardiol Therapeutics Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for CRDL stock have an average target of 9.00, with a low estimate of 8.00 and a high estimate of 10. The average target predicts an increase of 373.68% from the current stock price of 1.90.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$8.00	$9.00	$9.00	$10
Change	+321.05%	+373.68%	+373.68%	+426.32%

Analyst Ratings

The average analyst rating for CRDL 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	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	2	3	3	3	3	3
Buy	1	1	1	1	1	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	4	4	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $9	Strong Buy	Reiterates	$9	+373.68%	Oct 24, 2024
Jason Wittes Roth MKM	Roth MKM	Strong Buy Initiates $10	Strong Buy	Initiates	$10	+426.32%	Jun 26, 2024
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $9	Strong Buy	Reiterates	$9	+373.68%	Jun 14, 2024
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $9	Strong Buy	Reiterates	$9	+373.68%	Jun 7, 2024
Edward Nash Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $6 → $8	Strong Buy	Maintains	$6 → $8	+321.05%	May 23, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

n/a

Revenue Next Year

n/a

EPS This Year

-0.43

from -0.44

EPS Next Year

-0.38

from -0.43

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	78.76K	-	-	-	-	7.50M
Revenue Growth	-	-	-	-	-	-	-	-
EPS	-0.53	-0.69	-0.73	-0.49	-0.44	-0.43	-0.38	-0.34
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	5	5	4

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	n/a	n/a	15.4M
Avg	n/a	n/a	7.5M
Low	n/a	n/a	n/a

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

EPS Forecast

EPS	2024	2025	2026
High	-0.37	-0.27	-0.32
Avg	-0.43	-0.38	-0.34
Low	-0.49	-0.45	-0.36

EPS Growth

EPS Growth	2024	2025	2026
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.