IGIC Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for IGIC stock have an average target of 20.5, with a low estimate of 15 and a high estimate of 26. The average target predicts a decrease of -21.43% from the current stock price of 26.09.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$15	$20.5	$26	$26
Change	-42.51%	-21.43%	-0.34%	-0.34%

Analyst Ratings

The average analyst rating for IGIC stock from 2 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Heleniak RBC Capital	RBC Capital	Buy Maintains $22 → $26	Buy	Maintains	$22 → $26	-0.34%	Nov 7, 2024
Scott Heleniak RBC Capital	RBC Capital	Buy Maintains $17 → $19	Buy	Maintains	$17 → $19	-27.18%	Aug 8, 2024
Scott Heleniak RBC Capital	RBC Capital	Buy Reiterates $15	Buy	Reiterates	$15	-42.51%	Mar 14, 2024
Mark Dwelle RBC Capital	RBC Capital	Buy Maintains $14 → $15	Buy	Maintains	$14 → $15	-42.51%	Mar 1, 2024
Mark Dwelle RBC Capital	RBC Capital	Buy Maintains $11 → $12	Buy	Maintains	$11 → $12	-54.01%	Aug 17, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

741.44M

Revenue Next Year

790.70M

from 741.44M

6.64%

from 741.44M

EPS This Year

3.00

from 2.55

17.60%

from 2.55

EPS Next Year

3.06

from 3.00

2.04%

from 3.00

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	-	-	-	-	-	741.44M	790.70M	-
Revenue Growth	15.91%	27.72%	13.00%	13.54%	18.64%	-	6.64%	-
EPS	0.69	0.59	0.98	1.84	2.55	3.00	3.06	3.26
EPS Growth	-5.58%	-13.85%	65.53%	87.76%	38.59%	17.60%	2.04%	6.67%
Forward PE	-	-	-	-	-	8.70	8.53	7.99
No. Analysts	-	-	-	-	-	4	4	3

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

Revenue Forecast

Revenue	2024	2025
High	763.3M	814.0M
Avg	741.4M	790.7M
Low	712.4M	759.7M

Revenue Growth

Revenue Growth	2024	2025
High	-	9.8%
Avg	-	6.6%
Low	-	2.5%

EPS Forecast

EPS	2024	2025	2026
High	3.13	3.15	3.36
Avg	3.00	3.06	3.26
Low	2.84	2.94	3.14

EPS Growth

EPS Growth	2024	2025	2026
High	22.7%	5.0%	9.8%
Avg	17.6%	2.0%	6.7%
Low	11.5%	-2.0%	2.5%

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.