Myomo Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Myomo stock have an average target of 4.25, with a low estimate of 2.00 and a high estimate of 6.50. The average target predicts an increase of 13.33% from the current stock price of 3.75.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$2.00	$4.25	$6.50	$6.50
Change	-46.67%	+13.33%	+73.33%	+73.33%

Analyst Ratings

The average analyst rating for Myomo 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	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	2	2	2	2	2	2
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	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sean Lee HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $6.5	Strong Buy	Reiterates	$6.5	+73.33%	May 9, 2024
Sean Lee HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Initiates $6.5	Strong Buy	Initiates	$6.5	+73.33%	Dec 15, 2023
Anthony Vendetti Maxim Group	Maxim Group	Strong Buy Initiates $2	Strong Buy	Initiates	$2	-46.67%	May 25, 2023
Ben Haynor Alliance Global Partners	Alliance Global Partners	Strong Buy Maintains $10 → $6.7	Strong Buy	Maintains	$10 → $6.7	+78.67%	Jul 8, 2022
Ben Haynor Alliance Global Partners	Alliance Global Partners	Strong Buy Initiates n/a	Strong Buy	Initiates	n/a	n/a	Jun 10, 2021

More Analyst Ratings

Financial Forecast

Revenue This Year

26.93M

from 19.24M

39.98%

from 19.24M

Revenue Next Year

35.37M

from 26.93M

31.31%

from 26.93M

EPS This Year

-0.22

from -0.28

EPS Next Year

-0.05

from -0.22

Year	2019	2020	2021	2022	2023	2024	2025	2027	2028
Revenue	3.84M	7.58M	13.86M	15.56M	19.24M	26.93M	35.37M	53.32M	64.26M
Revenue Growth	57.02%	97.60%	82.72%	12.26%	23.70%	39.98%	31.31%	50.75%	20.53%
EPS	-20.79	-3.67	-1.89	-1.52	-0.28	-0.22	-0.05	0.18	0.34
EPS Growth	-	-	-	-	-	-	-	-	88.89%
No. Analysts	-	-	-	-	-	6	6	2	2

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

Revenue Forecast

Revenue	2024	2025	2027	2028
High	29.4M	42.1M	55.4M	66.8M
Avg	26.9M	35.4M	53.3M	64.3M
Low	25.5M	29.4M	51.7M	62.4M

Revenue Growth

Revenue Growth	2024	2025	2027	2028
High	52.7%	56.2%	56.7%	25.3%
Avg	40.0%	31.3%	50.8%	20.5%
Low	32.4%	9.2%	46.3%	16.9%

EPS Forecast

EPS	2024	2025	2027	2028
High	-0.21	-	0.19	0.36
Avg	-0.22	-0.05	0.18	0.34
Low	-0.24	-0.10	0.18	0.33

EPS Growth

EPS Growth	2024	2025	2027	2028
High	-	-	-	96.4%
Avg	-	-	-	88.9%
Low	-	-	-	83.3%

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.