MRVI Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for MRVI stock have an average target of 11.44, with a low estimate of 7.00 and a high estimate of 17. The average target predicts an increase of 32.41% from the current stock price of 8.64.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$7.00	$11.44	$11	$17
Change	-18.98%	+32.41%	+27.31%	+96.76%

Analyst Ratings

The average analyst rating for MRVI 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	3	4	4	4	4
Buy	3	3	3	3	3	3
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Sykes Goldman Sachs	Goldman Sachs	Hold Maintains $8 → $7	Hold	Maintains	$8 → $7	-18.98%	Jul 9, 2024
Catherine Schulte Baird	Baird	Buy Maintains $8 → $10	Buy	Maintains	$8 → $10	+15.74%	May 9, 2024
Christian Schwab Craig-Hallum	Craig-Hallum	Strong Buy Initiates $15	Strong Buy	Initiates	$15	+73.61%	Apr 10, 2024
Conor McNamara RBC Capital	RBC Capital	Buy Maintains $12 → $14	Buy	Maintains	$12 → $14	+62.04%	Feb 23, 2024
Daniel Arias Stifel	Stifel	Strong Buy Maintains $11 → $10	Strong Buy	Maintains	$11 → $10	+15.74%	Feb 23, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

280.72M

from 288.95M

-2.85%

from 288.95M

Revenue Next Year

307.62M

from 280.72M

9.58%

from 280.72M

EPS This Year

-0.02

from -0.90

EPS Next Year

0.04

from -0.02

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	143.14M	284.10M	799.24M	883.00M	288.95M	280.72M	307.62M	357.04M	440.30M	550.38M
Revenue Growth	15.59%	98.48%	181.33%	10.48%	-67.28%	-2.85%	9.58%	16.07%	23.32%	25.00%
EPS	-0.03	2.36	1.56	1.67	-0.90	-0.02	0.04	0.11	0.22	0.39
EPS Growth	-	-	-33.90%	7.05%	-	-	-	144.38%	111.82%	72.73%
Forward PE	-	-	-	-	-	-	199.31	81.56	38.50	22.29
No. Analysts	-	-	-	-	-	15	15	9	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	295.0M	346.2M	416.6M	453.3M	566.6M
Avg	280.7M	307.6M	357.0M	440.3M	550.4M
Low	264.6M	282.9M	323.4M	423.0M	528.8M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	2.1%	23.3%	35.4%	26.9%	28.7%
Avg	-2.8%	9.6%	16.1%	23.3%	25.0%
Low	-8.4%	0.8%	5.1%	18.5%	20.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.04	0.12	0.14	0.23	0.40
Avg	-0.02	0.04	0.11	0.22	0.39
Low	-0.03	-0.01	0.06	0.22	0.37

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	-	214.9%	118.1%	77.8%
Avg	-	-	144.4%	111.8%	72.7%
Low	-	-	35.6%	103.5%	66.0%

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.