RCM Technologies, Inc. (RCMT)
NASDAQ: RCMT · IEX Real-Time Price · USD
19.38
-0.19 (-0.97%)
At close: Jul 19, 2024, 4:30 PM
19.32
-0.06 (-0.31%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
RCM Technologies Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for RCM Technologies stock have an average target of 27.5, with a low estimate of 22 and a high estimate of 33. The average target predicts an increase of 41.90% from the current stock price of 19.38.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 15, 2024.
Analyst Ratings
The average analyst rating for RCMT 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '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 |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $33 | Strong Buy | Reiterates | $33 | +70.28% | May 15, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $28 → $33 | Strong Buy | Maintains | $28 → $33 | +70.28% | Nov 13, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $19 → $22 | Strong Buy | Maintains | $19 → $22 | +13.52% | Aug 14, 2023 |
| Benchmark | Benchmark | Strong Buy Reiterates $28 | Strong Buy | Reiterates | $28 | +44.48% | May 12, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $17 → $19 | Strong Buy | Maintains | $17 → $19 | -1.96% | May 11, 2023 |
Financial Forecast
Revenue This Year
286.01M
from 263.24M
Increased by 8.65%
Revenue Next Year
307.16M
from 286.01M
Increased by 7.39%
EPS This Year
2.09
from 1.96
Increased by 6.42%
EPS Next Year
2.33
from 2.09
Increased by 11.74%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 296.9M | 320.0M |
| Avg | 286.0M | 307.2M |
| Low | 272.5M | 291.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 12.8% | 11.9% |
| Avg | 8.7% | 7.4% |
| Low | 3.5% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.15 | 2.46 |
| Avg | 2.09 | 2.33 |
| Low | 2.00 | 2.19 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 9.8% | 17.8% |
| Avg | 6.4% | 11.7% |
| Low | 2.0% | 4.8% |
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.