Crexendo Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Crexendo stock have an average target of 6.38, with a low estimate of 5.75 and a high estimate of 7.00. The average target predicts an increase of 60.30% from the current stock price of 3.98.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$5.75	$6.38	$7.00	$7.00
Change	+44.47%	+60.30%	+75.88%	+75.88%

* Price targets were last updated on May 8, 2024.

Analyst Ratings

The average analyst rating for Crexendo stock from 2 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	0	1	1	2	2	2
Buy	0	0	0	0	0	0
Hold	1	1	1	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Josh Nichols B. Riley Securities	B. Riley Securities	Hold → Strong Buy Upgrades $6.75 → $5.75	Hold → Strong Buy	Upgrades	$6.75 → $5.75	+44.47%	May 8, 2024
Eric Martinuzzi Lake Street	Lake Street	Strong Buy Maintains $5.5 → $7	Strong Buy	Maintains	$5.5 → $7	+75.88%	Mar 6, 2024
Josh Nichols B. Riley Securities	B. Riley Securities	Hold Reiterates $6.75	Hold	Reiterates	$6.75	+69.60%	Mar 6, 2024
Josh Nichols B. Riley Securities	B. Riley Securities	Strong Buy → Hold Downgrades $4.5 → $6.75	Strong Buy → Hold	Downgrades	$4.5 → $6.75	+69.60%	Jan 31, 2024
Michael Latimore Northland Capital Markets	Northland Capital Markets	Buy Initiates $4	Buy	Initiates	$4	+0.50%	Sep 27, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

59.78M

from 53.20M

12.37%

from 53.20M

Revenue Next Year

66.93M

from 59.78M

11.96%

from 59.78M

EPS This Year

0.24

from -0.01

EPS Next Year

0.26

from 0.24

7.14%

from 0.24

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	14.44M	16.39M	28.09M	37.55M	53.20M	59.78M	66.93M	72.22M	78.64M	85.58M
Revenue Growth	21.23%	13.51%	71.43%	33.68%	41.66%	12.37%	11.96%	7.90%	8.90%	8.82%
EPS	0.07	0.46	-0.12	-1.54	-0.01	0.24	0.26	0.34	0.37	0.40
EPS Growth	-	557.14%	-	-	-	-	7.14%	30.95%	9.09%	8.33%
Forward PE	-	-	-	-	-	16.59	15.48	11.82	10.84	10.01
No. Analysts	-	-	-	-	-	7	7	3	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	62.0M	73.7M	74.3M	81.0M	88.1M
Avg	59.8M	66.9M	72.2M	78.6M	85.6M
Low	57.3M	62.9M	69.4M	75.6M	82.2M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	16.4%	23.2%	11.1%	12.1%	12.0%
Avg	12.4%	12.0%	7.9%	8.9%	8.8%
Low	7.7%	5.3%	3.7%	4.6%	4.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.28	0.33	0.35	0.38	0.41
Avg	0.24	0.26	0.34	0.37	0.40
Low	0.20	0.20	0.32	0.35	0.38

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	35.7%	34.8%	12.3%	11.5%
Avg	-	7.1%	31.0%	9.1%	8.3%
Low	-	-18.3%	25.8%	4.8%	4.1%

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.