Merit Medical Systems, Inc. (MMSI)
NASDAQ: MMSI · Real-Time Price · USD
98.71
+0.20 (0.20%)
Sep 18, 2024, 4:00 PM EDT - Market closed

Merit Medical Systems Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for MMSI stock have an average target of 101, with a low estimate of 87 and a high estimate of 125. The average target predicts an increase of 2.32% from the current stock price of 98.71.

Analyst Consensus: Buy
Target Low Average Median High
Price $87 $101 $103 $125
Change -11.86% +2.32% +4.35% +26.63%

Analyst Ratings

The average analyst rating for MMSI stock from 10 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 Apr '24May '24Jun '24Jul '24Aug '24Sep '24
Strong Buy 333333
Buy 445555
Hold 322212
Sell 000000
Strong Sell 000000
Total 1091010910

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Needham
Needham
Strong Buy
Maintains
$105$109
Strong Buy Maintains $105$109 +10.42% Sep 17, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$85$103
Hold Maintains $85$103 +4.35% Sep 16, 2024
B of A Securities
B of A Securities
Hold
Maintains
$92$103
Hold Maintains $92$103 +4.35% Sep 16, 2024
Needham
Needham
Strong Buy
Reiterates
$105
Strong Buy Reiterates $105 +6.37% Sep 16, 2024
Piper Sandler
Piper Sandler
Buy
Reiterates
$100$110
Buy Reiterates $100$110 +11.44% Sep 9, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
1.37B
from 1.26B
Increased by 8.80%
Revenue Next Year
1.46B
from 1.37B
Increased by 6.58%
EPS This Year
3.38
from 1.62
Increased by 108.61%
EPS Next Year
3.76
from 3.38
Increased by 11.37%
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
994.85M963.88M1.07B1.15B1.26B1.37B1.46B1.54B
Revenue Growth
12.70%-3.11%11.50%7.09%9.24%8.80%6.58%5.28%
EPS
0.10-0.180.841.291.623.383.764.01
EPS Growth
-87.31%--53.57%25.58%108.61%11.37%6.55%
Forward PE
-----29.2126.2324.62
No. Analysts -----131310
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 1.4B 1.5B 1.6B
Avg 1.4B 1.5B 1.5B
Low 1.3B 1.4B 1.4B

Revenue Growth

Revenue Growth 2024202520262027
High
12.1%
10.5%
9.9%
Avg
8.8%
6.6%
5.3%
Low
4.3%
1.4%
-1.0%

EPS Forecast

EPS 20242025202620272028
High 3.50 3.99 4.46
Avg 3.38 3.76 4.01
Low 3.22 3.42 2.84

EPS Growth

EPS Growth 20242025202620272028
High
115.8%
18.1%
18.6%
Avg
108.6%
11.4%
6.5%
Low
99.0%
1.2%
-24.5%
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.