RCM Technologies, Inc. (RCMT)
NASDAQ: RCMT · IEX Real-Time Price · USD
19.08
0.00 (0.00%)
Apr 22, 2024, 4:30 PM EDT - Market closed
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 44.13% from the current stock price of 19.08.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 13, 2023.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 Maintains $28 → $33 | Strong Buy | Maintains | $28 → $33 | +72.96% | Nov 13, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $19 → $22 | Strong Buy | Maintains | $19 → $22 | +15.30% | Aug 14, 2023 |
| Benchmark | Benchmark | Strong Buy Reiterates $28 | Strong Buy | Reiterates | $28 | +46.75% | May 12, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $17 → $19 | Strong Buy | Maintains | $17 → $19 | -0.42% | May 11, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $23 → $17 | Strong Buy | Maintains | $23 → $17 | -10.90% | Mar 28, 2023 |
Financial Forecast
Revenue This Year
285.24M
from 263.24M
Increased by 8.36%
Revenue Next Year
306.48M
from 285.24M
Increased by 7.45%
EPS This Year
2.11
from 1.96
Increased by 7.46%
EPS Next Year
2.36
from 2.11
Increased by 12.11%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 293.8M | 315.6M |
| Avg | 285.2M | 306.5M |
| Low | 273.9M | 294.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 11.6% | 10.6% |
| Avg | 8.4% | 7.4% |
| Low | 4.0% | 3.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.23 | 2.54 |
| Avg | 2.11 | 2.36 |
| Low | 1.97 | 2.17 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 13.6% | 20.6% |
| Avg | 7.5% | 12.1% |
| Low | 0.5% | 2.8% |
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.