Everspin Technologies, Inc. (MRAM)
NASDAQ: MRAM · Real-Time Price · USD
6.47
+0.11 (1.73%)
Dec 26, 2024, 10:52 AM EST - Market open
Everspin Technologies Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for MRAM stock have an average target of 9.00, with a low estimate of 8.00 and a high estimate of 10. The average target predicts an increase of 39.10% from the current stock price of 6.47.
Analyst Consensus: Strong Buy
* Price targets were last updated on Oct 31, 2024.
Analyst Ratings
The average analyst rating for MRAM 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $8 | Strong Buy | Reiterates | $8 | +23.65% | Oct 31, 2024 |
| Needham | Needham | Strong Buy Reiterates $8 | Strong Buy | Reiterates | $8 | +23.65% | Aug 1, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $11 → $10 | Strong Buy | Maintains | $11 → $10 | +54.56% | May 2, 2024 |
| Needham | Needham | Strong Buy Maintains $12 → $8 | Strong Buy | Maintains | $12 → $8 | +23.65% | May 2, 2024 |
| Needham | Needham | Strong Buy Reiterates $12 | Strong Buy | Reiterates | $12 | +85.47% | Feb 29, 2024 |
Financial Forecast
Revenue This Year
50.64M
from 63.77M
Decreased by -20.58%
Revenue Next Year
54.26M
from 50.64M
Increased by 7.15%
EPS This Year
0.29
from 0.42
Decreased by -32.40%
EPS Next Year
0.33
from 0.29
Increased by 14.29%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 52.2M | 56.7M |
| Avg | 50.6M | 54.3M |
| Low | 48.6M | 51.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -18.2% | 12.0% |
| Avg | -20.6% | 7.2% |
| Low | -23.8% | 1.4% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.29 | 0.34 |
| Avg | 0.29 | 0.33 |
| Low | 0.27 | 0.31 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -30.4% | 17.6% |
| Avg | -32.4% | 14.3% |
| Low | -35.0% | 9.8% |
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.