Edgio Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Edgio stock have an average target of 25.67, with a low estimate of 7.00 and a high estimate of 60. The average target predicts an increase of 130.85% from the current stock price of 11.12.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$7.00	$25.67	$10	$60
Change	-37.05%	+130.85%	-10.07%	+439.57%

Analyst Ratings

The average analyst rating for Edgio stock from 3 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	2	2	2	2	1	1
Buy	0	0	0	0	0	0
Hold	4	4	4	4	1	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	2	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jeff Van Rhee Craig-Hallum	Craig-Hallum	Hold Maintains $30 → $10	Hold	Maintains	$30 → $10	-10.07%	Apr 19, 2024
Rudy Kessinger DA Davidson	DA Davidson	Hold Maintains $8.5 → $7	Hold	Maintains	$8.5 → $7	-37.05%	Mar 18, 2024
Rudy Kessinger DA Davidson	DA Davidson	Hold Reiterates $30	Hold	Reiterates	$30	+169.78%	Aug 16, 2023
Eric Martinuzzi Lake Street	Lake Street	Strong Buy Maintains $80 → $60	Strong Buy	Maintains	$80 → $60	+439.57%	Jul 20, 2023
Rudy Kessinger DA Davidson	DA Davidson	Hold Maintains $30	Hold	Maintains	$30	+169.78%	Jun 30, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

403.03M

from 338.60M

19.03%

from 338.60M

Revenue Next Year

403.28M

from 403.03M

0.06%

from 403.03M

EPS This Year

-10.74

from -30.00

EPS Next Year

-3.40

from -10.74

Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	195.67M	200.63M	223.99M	201.12M	338.60M	403.03M	403.28M	469.88M	528.62M	594.69M	669.03M
Revenue Growth	6.13%	2.54%	11.64%	-10.21%	68.36%	19.03%	0.06%	16.51%	12.50%	12.50%	12.50%
EPS	3.20	-5.60	-7.20	-19.20	-30.00	-10.74	-3.40	1.63	0.15	0.29	0.44
EPS Growth	-	-	-	-	-	-	-	-	-90.63%	86.67%	53.57%
No. Analysts	-	-	-	-	-	5	5	3	3	3	3

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

Revenue Forecast

Revenue	2023	2024	2025	2026	2027	2028
High	417.9M	430.0M	483.7M	544.2M	612.2M	688.7M
Avg	403.0M	403.3M	469.9M	528.6M	594.7M	669.0M
Low	384.4M	373.6M	451.5M	507.9M	571.4M	642.8M

Revenue Growth

Revenue Growth	2023	2024	2025	2026	2027	2028
High	23.4%	6.7%	19.9%	15.8%	15.8%	15.8%
Avg	19.0%	0.1%	16.5%	12.5%	12.5%	12.5%
Low	13.5%	-7.3%	11.9%	8.1%	8.1%	8.1%

EPS Forecast

EPS	2023	2024	2025	2026	2027	2028
High	-10.92	-2.10	1.68	0.16	0.29	0.45
Avg	-10.74	-3.40	1.63	0.15	0.29	0.44
Low	-10.44	-4.57	1.57	0.15	0.27	0.42

EPS Growth

EPS Growth	2023	2024	2025	2026	2027	2028
High	-	-	-	-90.3%	92.2%	58.1%
Avg	-	-	-	-90.6%	86.7%	53.6%
Low	-	-	-	-91.0%	79.3%	47.5%

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.