Inogen Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, Inogen stock has a consensus rating of "Strong Buy" and an average price target of $12.67. The average 1-year stock price forecast is 97.66% higher than the current stock price, while the lowest is $12 (+87.21%) and the highest is $14 (+118.41%).

Price Target: $12.67 (+97.66%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$12	$12.67	$12	$14
Change	+87.21%	+97.66%	+87.21%	+118.41%

* Price targets were last updated on May 8, 2026.

Analyst Ratings

The average analyst rating for Inogen stock 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	Oct '25	Nov '25	Jan '26	Feb '26	Apr '26	May '26
Strong Buy	1	1	1	1	2	2
Buy	1	1	1	1	1	1
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	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Matson Needham	Needham	Buy Maintains $12	Buy	Maintains	$12	+87.21%	May 8, 2026
Ilya Zubkov Freedom Capital Markets	Freedom Capital Markets	Buy Initiates $12	Buy	Initiates	$12	+87.21%	Apr 7, 2026
Anderson Schock B. Riley Securities	B. Riley Securities	Buy Reiterates $14	Buy	Reiterates	$14	+118.41%	Jan 22, 2026

Financial Forecast

Revenue This Year

369.30M

from 348.67M

5.92%

from 348.67M

Revenue Next Year

396.83M

from 369.30M

7.46%

from 369.30M

EPS This Year

-0.37

from -0.30

EPS Next Year

-0.26

from -0.37

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	358.00M	377.24M	315.66M	335.71M	348.67M	369.30M
Revenue Growth	16.05%	5.37%	-16.32%	6.35%	3.86%	5.92%
Gross Profit	176.48M	153.53M	126.70M	154.74M	154.27M	165.82M
Gross Margin	49.30%	40.70%	40.14%	46.09%	44.24%	44.90%
Operating Income	-2.36M	-48.47M	-63.83M	-38.73M	-28.42M	-26.47M
Net Income	-6.33M	-83.77M	-102.45M	-35.89M	-22.75M	-21.70M
EPS	-	-	-	-	-0.30	-0.37
Free Cash Flow	1.18M	-45.96M	4.72M	-928.50K	-20.04M	-5.30M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	370.1M
Avg	369.3M
Low	368.5M

Revenue Growth

Revenue Growth	2026	2027	2028
High	6.1%
Avg	5.9%
Low	5.7%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	-0.37
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-