Superior Drilling Products, Inc. (SDPI)

SDPI Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for SDPI stock has a target of 2.00, which predicts an increase of 74.67% from the current stock price of 1.15.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$2.00	$2.00	$2.00	$2.00
Change	+74.67%	+74.67%	+74.67%	+74.67%

* Price targets were last updated on May 12, 2023.

Analyst Ratings

According to 1 stock analyst, the rating for SDPI is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '22	Jan '23	Feb '23	Mar '23	Apr '23	May '23
Strong Buy	2	2	2	2	2	1
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	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Reiterates $2	Strong Buy	Reiterates	$2	+74.67%	May 12, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Reiterates $2	Strong Buy	Reiterates	$2	+74.67%	Mar 13, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Reiterates $2	Strong Buy	Reiterates	$2	+74.67%	Feb 16, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Initiates $2	Strong Buy	Initiates	$2	+74.67%	Dec 21, 2022
Ben Piggott EF Hutton	EF Hutton	Strong Buy Initiates $2	Strong Buy	Initiates	$2	+74.67%	Jun 9, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

26.21M

Increased by 24.99%

from 20.97M

Revenue Next Year

n/a

from 26.21M

EPS This Year

0.12

Decreased by -51.04%

from 0.25

EPS Next Year

n/a

from 0.12

Year	2019	2020	2021	2022	2023	2024
Revenue	19.00M	10.47M	13.34M	19.10M	20.97M	26.21M
Revenue Growth	4.12%	-44.88%	27.37%	43.20%	9.82%	24.99%
EPS	-0.04	-0.13	-0.02	0.04	0.25	0.12
EPS Growth	-	-	-	-	525.00%	-51.04%
No. Analysts	-	-	-	-	-	3

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

Revenue Forecast

Revenue	2024
High	27.0M
Avg	26.2M
Low	25.2M

Revenue Growth

Revenue Growth	2024
High	28.7%
Avg	25.0%
Low	20.1%

EPS Forecast

EPS	2024
High	0.13
Avg	0.12
Low	0.12

EPS Growth

EPS Growth	2024
High	-49.6%
Avg	-51.0%
Low	-53.0%

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.