Meridian Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Meridian stock have an average target of 16, with a low estimate of 15 and a high estimate of 17. The average target predicts an increase of 15.52% from the current stock price of 13.85.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$15	$16	$17	$17
Change	+8.30%	+15.52%	+22.74%	+22.74%

Analyst Ratings

The average analyst rating for Meridian stock from 2 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	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	0	0	0	0	0	1
Buy	0	0	0	0	0	0
Hold	4	4	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	1	1	1	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Russell Gunther DA Davidson	DA Davidson	Strong Buy Maintains $15 → $17	Strong Buy	Maintains	$15 → $17	+22.74%	Oct 29, 2024
Frank Schiraldi Piper Sandler	Piper Sandler	Hold Maintains $14 → $15	Hold	Maintains	$14 → $15	+8.30%	Oct 29, 2024
Frank Schiraldi Piper Sandler	Piper Sandler	Hold Maintains $11 → $13	Hold	Maintains	$11 → $13	-6.14%	Jul 30, 2024
Frank Schiraldi Piper Sandler	Piper Sandler	Buy → Hold Downgrades $14 → $13	Buy → Hold	Downgrades	$14 → $13	-6.14%	Jan 29, 2024
Tim Switzer Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $15 → $13	Hold	Maintains	$15 → $13	-6.14%	May 4, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

109.32M

Revenue Next Year

121.49M

from 109.32M

11.13%

from 109.32M

EPS This Year

1.34

from 1.16

15.19%

from 1.16

EPS Next Year

1.86

from 1.34

39.31%

from 1.34

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	-	-	-	-	-	109.32M	121.49M	129.26M
Revenue Growth	7.71%	86.76%	17.57%	-27.10%	-13.96%	-	11.13%	6.40%
EPS	0.82	2.14	2.87	1.79	1.16	1.34	1.86	1.99
EPS Growth	28.35%	161.96%	34.43%	-37.63%	-35.20%	15.19%	39.31%	6.85%
Forward PE	-	-	-	-	-	10.37	7.44	6.96
No. Analysts	-	-	-	-	-	4	4	3

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

Revenue Forecast

Revenue	2024	2025	2026
High	113.2M	129.2M	133.1M
Avg	109.3M	121.5M	129.3M
Low	104.4M	112.9M	124.2M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	18.2%	9.5%
Avg	-	11.1%	6.4%
Low	-	3.3%	2.2%

EPS Forecast

EPS	2024	2025	2026
High	1.39	1.99	2.05
Avg	1.34	1.86	1.99
Low	1.27	1.71	1.91

EPS Growth

EPS Growth	2024	2025	2026
High	19.5%	49.3%	10.0%
Avg	15.2%	39.3%	6.8%
Low	9.8%	28.3%	2.7%

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.