ResMed Inc. (RMD)
NYSE: RMD · IEX Real-Time Price · USD
198.03
+1.70 (0.87%)
At close: Mar 28, 2024, 4:00 PM
197.47
-0.56 (-0.28%)
After-hours: Mar 28, 2024, 7:50 PM EDT

ResMed Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for ResMed stock have an average target of 207.8, with a low estimate of 169 and a high estimate of 260. The average target predicts an increase of 4.93% from the current stock price of 198.03.

Analyst Consensus: Buy
Target Low Average Median High
Price $169 $207.8 $215 $260
Change -14.66% +4.93% +8.57% +31.29%

Analyst Ratings

The average analyst rating for ResMed stock from 11 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333333
Buy 444455
Hold 333333
Sell 000000
Strong Sell 000000
Total 101010101111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Mizuho
Mizuho
Strong Buy
Maintains
$215
Strong Buy Maintains $215 +8.57% Mar 27, 2024
Keybanc
Keybanc
Buy
Initiates
$227
Buy Initiates $227 +14.63% Feb 6, 2024
Oppenheimer
Oppenheimer
Buy
Maintains
$185$205
Buy Maintains $185$205 +3.52% Jan 30, 2024
Mizuho
Mizuho
Strong Buy
Maintains
$195$215
Strong Buy Maintains $195$215 +8.57% Jan 30, 2024
Mizuho
Mizuho
Strong Buy
Maintains
$180$195
Strong Buy Maintains $180$195 -1.53% Jan 26, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
4.68B
from 4.22B
Increased by 10.85%
Revenue Next Year
4.98B
from 4.68B
Increased by 6.28%
EPS This Year
7.53
from 6.09
Increased by 23.61%
EPS Next Year
8.21
from 7.53
Increased by 9.03%
Year 2019202020212022202320242025202620272028
Revenue
2.61B2.96B3.20B3.58B4.22B4.68B4.98B5.29B5.58B6.21B
Revenue Growth
11.38%13.44%8.11%11.93%18.02%10.85%6.28%6.41%5.40%11.29%
EPS
2.804.273.245.306.097.538.218.989.5211.22
EPS Growth
27.85%52.50%-24.12%63.58%14.91%23.61%9.03%9.37%6.10%17.82%
No. Analysts -----15151143
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 4.9B 5.3B 5.8B 6.3B 6.9B
Avg 4.7B 5.0B 5.3B 5.6B 6.2B
Low 4.5B 4.3B 4.3B 4.6B 5.7B

Revenue Growth

Revenue Growth 20242025202620272028
High
16.9%
13.2%
16.7%
19.3%
23.9%
Avg
10.8%
6.3%
6.4%
5.4%
11.3%
Low
6.6%
-7.5%
-13.2%
-13.2%
3.0%

EPS Forecast

EPS 20242025202620272028
High 8.67 9.37 10.33 11.32 12.64
Avg 7.53 8.21 8.98 9.52 11.22
Low 7.09 7.18 7.37 7.87 9.98

EPS Growth

EPS Growth 20242025202620272028
High
42.4%
24.4%
25.9%
26.1%
32.7%
Avg
23.6%
9.0%
9.4%
6.1%
17.8%
Low
16.5%
-4.6%
-10.2%
-12.3%
4.7%
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.