Ultralife Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Ultralife stock has a target of 13, which predicts an increase of 48.91% from the current stock price of 8.73.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$13	$13	$13	$13
Change	+48.91%	+48.91%	+48.91%	+48.91%

* Price targets were last updated on Mar 5, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Ultralife 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	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	1	1	1	1
Buy	0	0	0	0
Hold	0	0	0	0
Sell	0	0	0	0
Strong Sell	0	0	0	0
Total	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Josh Sullivan Benchmark	Benchmark	Strong Buy Maintains $12 → $13	Strong Buy	Maintains	$12 → $13	+48.91%	Mar 5, 2024
Josh Sullivan Benchmark	Benchmark	Strong Buy Reiterates $12	Strong Buy	Reiterates	$12	+37.46%	Aug 8, 2023
Josh Sullivan Benchmark	Benchmark	Strong Buy Initiates n/a	Strong Buy	Initiates	n/a	n/a	Mar 26, 2021

More Analyst Ratings

Financial Forecast

Revenue This Year

172.89M

from 158.64M

8.98%

from 158.64M

Revenue Next Year

n/a

from 172.89M

EPS This Year

0.70

from 0.44

59.95%

from 0.44

EPS Next Year

n/a

from 0.70

Year	2019	2020	2021	2022	2023	2024
Revenue	106.80M	107.71M	98.27M	131.84M	158.64M	172.89M
Revenue Growth	22.49%	0.86%	-8.77%	34.17%	20.33%	8.98%
EPS	0.32	0.33	-0.01	-0.01	0.44	0.70
EPS Growth	-79.08%	3.13%	-	-	-	59.95%
No. Analysts	-	-	-	-	-	3

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

Revenue Forecast

Revenue	2024
High	178.0M
Avg	172.9M
Low	166.1M

Revenue Growth

Revenue Growth	2024
High	12.2%
Avg	9.0%
Low	4.7%

EPS Forecast

EPS	2024
High	0.72
Avg	0.70
Low	0.68

EPS Growth

EPS Growth	2024
High	64.7%
Avg	60.0%
Low	53.7%

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.