Zynex Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Zynex stock have an average target of 18, with a low estimate of 15 and a high estimate of 21. The average target predicts an increase of 98.46% from the current stock price of 9.07.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$15	$18	$21	$21
Change	+65.38%	+98.46%	+131.53%	+131.53%

Analyst Ratings

The average analyst rating for Zynex 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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	2	2	2	2	1	1
Buy	2	2	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	4	4	3	3	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shagun Singh RBC Capital	RBC Capital	Buy Reiterates $15	Buy	Reiterates	$15	+65.38%	Jun 14, 2024
Yi Chen HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $21	Strong Buy	Reiterates	$21	+131.53%	May 1, 2024
Shagun Singh RBC Capital	RBC Capital	Buy Maintains $13 → $15	Buy	Maintains	$13 → $15	+65.38%	Mar 1, 2024
Yi Chen HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $20 → $21	Strong Buy	Maintains	$20 → $21	+131.53%	Mar 1, 2024
Shagun Singh RBC Capital	RBC Capital	Buy Initiates $13	Buy	Initiates	$13	+43.33%	Oct 16, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

231.49M

from 184.32M

25.59%

from 184.32M

Revenue Next Year

286.48M

from 231.49M

23.75%

from 231.49M

EPS This Year

0.52

from 0.27

91.41%

from 0.27

EPS Next Year

0.94

from 0.52

81.58%

from 0.52

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	45.47M	80.12M	130.30M	158.17M	184.32M	231.49M	286.48M	351.59M	429.32M	519.38M
Revenue Growth	42.47%	76.20%	62.63%	21.39%	16.54%	25.59%	23.75%	22.73%	22.11%	20.98%
EPS	0.26	0.24	0.44	0.44	0.27	0.52	0.94	1.37	1.93	2.62
EPS Growth	-	-5.88%	83.33%	-	-38.64%	91.41%	81.58%	45.65%	41.04%	35.98%
Forward PE	-	-	-	-	-	17.55	9.67	6.64	4.70	3.46
No. Analysts	-	-	-	-	-	5	5	3	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	238.4M	304.5M	361.9M	442.0M	534.7M
Avg	231.5M	286.5M	351.6M	429.3M	519.4M
Low	222.3M	267.5M	337.8M	412.5M	499.0M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	29.3%	31.5%	26.3%	25.7%	24.5%
Avg	25.6%	23.8%	22.7%	22.1%	21.0%
Low	20.6%	15.6%	17.9%	17.3%	16.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.55	1.07	1.41	1.98	2.70
Avg	0.52	0.94	1.37	1.93	2.62
Low	0.49	0.83	1.31	1.85	2.52

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	102.2%	107.2%	49.9%	45.2%	40.0%
Avg	91.4%	81.6%	45.7%	41.0%	36.0%
Low	81.5%	61.2%	39.9%	35.5%	30.6%

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.