CareCloud, Inc. (CCLD)
NASDAQ: CCLD · IEX Real-Time Price · USD
1.060
-0.050 (-4.50%)
Apr 25, 2024, 3:55 PM EDT - Market closed
CareCloud Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for CareCloud stock have an average target of 4.50, with a low estimate of 3.00 and a high estimate of 8.50. The average target predicts an increase of 324.53% from the current stock price of 1.06.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 25, 2024.
Analyst Ratings
The average analyst rating for CareCloud stock from 4 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +230.19% | Mar 25, 2024 |
| Maxim Group | Maxim Group | Hold → Strong Buy Upgrades $3 | Hold → Strong Buy | Upgrades | $3 | +183.02% | Mar 22, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +230.19% | Nov 16, 2023 |
| Roth MKM | Roth MKM | Strong Buy → Hold Downgrades $8 → $3 | Strong Buy → Hold | Downgrades | $8 → $3 | +183.02% | Aug 4, 2023 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $8.5 | Strong Buy | Reiterates | $8.5 | +701.89% | May 5, 2023 |
Financial Forecast
Revenue This Year
120.07M
from 117.06M
Increased by 2.57%
Revenue Next Year
129.86M
from 120.07M
Increased by 8.15%
EPS This Year
-0.78
from -4.11
EPS Next Year
-0.46
from -0.78
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 124.5M | 139.0M |
| Avg | 120.1M | 129.9M |
| Low | 113.7M | 119.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 6.4% | 15.7% |
| Avg | 2.6% | 8.2% |
| Low | -2.8% | -0.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.32 | -0.01 |
| Avg | -0.78 | -0.46 |
| Low | -1.03 | -0.83 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
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.