Tenon Medical, Inc. (TNON)
NASDAQ: TNON · Real-Time Price · USD
2.530
-0.010 (-0.39%)
Nov 20, 2024, 4:00 PM EST - Market closed
Tenon Medical Stock Forecast
TNON's stock price has decreased by -84.11% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Tenon Medical stock have an average target of 16, with a low estimate of 8.00 and a high estimate of 24. The average target predicts an increase of 532.41% from the current stock price of 2.53.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Tenon Medical 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 1 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Maxim Group | Maxim Group | Strong Buy Maintains $22 → $8 | Strong Buy | Maintains | $22 → $8 | +216.21% | Nov 15, 2024 |
| Benchmark | Benchmark | Buy Reiterates $24 | Buy | Reiterates | $24 | +848.62% | Aug 14, 2024 |
| Benchmark | Benchmark | Buy Maintains $40 → $24 | Buy | Maintains | $40 → $24 | +848.62% | Apr 15, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $480 | Strong Buy | Reiterates | $480 | +18,872.33% | Mar 10, 2023 |
| Benchmark | Benchmark | Buy Initiates $480 | Buy | Initiates | $480 | +18,872.33% | Jun 21, 2022 |
Financial Forecast
Revenue This Year
4.42M
from 2.93M
Increased by 51.09%
Revenue Next Year
8.36M
from 4.42M
Increased by 88.88%
EPS This Year
-19.73
from -68.71
EPS Next Year
-9.34
from -19.73
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 4.6M | 9.3M |
| Avg | 4.4M | 8.4M |
| Low | 4.2M | 7.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 58.4% | 110.7% |
| Avg | 51.1% | 88.9% |
| Low | 42.5% | 66.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -12.15 | -5.46 |
| Avg | -19.73 | -9.34 |
| Low | -26.58 | -12.86 |
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.