Meridian Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Meridian stock has a target of 13, which predicts an increase of 25.48% from the current stock price of 10.36.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$13	$13	$13	$13
Change	+25.48%	+25.48%	+25.48%	+25.48%

* Price targets were last updated on Jan 29, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Meridian is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Frank Schiraldi Piper Sandler	Piper Sandler	Buy → Hold Downgrades $14 → $13	Buy → Hold	Downgrades	$14 → $13	+25.48%	Jan 29, 2024
Tim Switzer Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $15 → $13	Hold	Maintains	$15 → $13	+25.48%	May 4, 2023
Michael Perito Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $17 → $15	Hold	Maintains	$17 → $15	+44.79%	Apr 6, 2023
Tim Woodward Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $35 → $17	Hold	Maintains	$35 → $17	+64.09%	Mar 22, 2023
Russell Gunther DA Davidson	DA Davidson	Strong Buy Maintains n/a	Strong Buy	Maintains	n/a	n/a	May 3, 2018

More Analyst Ratings

Financial Forecast

Revenue This Year

105.50M

from 94.09M

12.12%

from 94.09M

Revenue Next Year

116.42M

from 105.50M

10.35%

from 105.50M

EPS This Year

1.28

from 1.16

10.50%

from 1.16

EPS Next Year

1.66

from 1.28

29.52%

from 1.28

Year	2019	2020	2021	2022	2023	2024	2025
Revenue	68.33M	127.61M	150.03M	109.36M	94.09M	105.50M	116.42M
Revenue Growth	7.71%	86.76%	17.57%	-27.10%	-13.96%	12.12%	10.35%
EPS	0.82	2.14	2.87	1.79	1.16	1.28	1.66
EPS Growth	28.35%	161.96%	34.43%	-37.63%	-35.20%	10.50%	29.52%
Forward PE	-	-	-	-	-	8.08	6.24
No. Analysts	-	-	-	-	-	5	5

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

Revenue Forecast

Revenue	2024	2025
High	109.5M	125.1M
Avg	105.5M	116.4M
Low	100.7M	108.6M

Revenue Growth

Revenue Growth	2024	2025
High	16.3%	18.5%
Avg	12.1%	10.4%
Low	7.0%	2.9%

EPS Forecast

EPS	2024	2025
High	1.47	1.99
Avg	1.28	1.66
Low	1.05	1.26

EPS Growth

EPS Growth	2024	2025
High	26.7%	55.6%
Avg	10.5%	29.5%
Low	-9.6%	-1.9%

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.