Merit Medical Systems (MMSI) Stock Forecast & Price Target

$105.33 +0.30 (+0.29%)

(As of 11/22/2024 ET)

Merit Medical Systems - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for Merit Medical Systems in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 2 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for MMSI.

Consensus Price Target

$103.36
-1.87% Downside

According to the 12 analysts' twelve-month price targets for Merit Medical Systems, the average price target is $103.36. The highest price target for MMSI is $125.00, while the lowest price target for MMSI is $87.00. The average price target represents a forecasted downside of -1.87% from the current price of $105.33.

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MMSI Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$103.36	$101.82	$97.10	$85.50
Forecasted Upside	-1.87% Downside	6.20% Upside	4.08% Upside	18.22% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy

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MMSI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MMSI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Merit Medical Systems Stock vs. The Competition

Type	Merit Medical Systems	Medical Companies	S&P 500
Consensus Rating Score	2.92	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-1.87% Downside	27,098.01% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent MMSI News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/31/2024	Barrington Research 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$114.00 ➝ $114.00	+14.75%
10/31/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$109.00 ➝ $109.00	+9.71%
10/31/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$107.00 ➝ $109.00	+14.86%
9/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $103.00	+5.03%
9/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$92.00 ➝ $103.00	+6.57%
9/9/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$100.00 ➝ $110.00	+13.44%
Get the Latest News and Ratings for MMSI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Merit Medical Systems and its competitors with MarketBeat's FREE daily newsletter.
7/2/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$102.00 ➝ $125.00	+43.48%
6/28/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Rescott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
4/11/2024	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$88.00	+22.31%
2/29/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$82.00 ➝ $87.00	+11.27%
1/30/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$84.00 ➝ $89.00	+10.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:19 PM ET.

MMSI Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Merit Medical Systems is $103.36, with a high forecast of $125.00 and a low forecast of $87.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Merit Medical Systems in the last twelve months. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MMSI shares.
: According to analysts, Merit Medical Systems's stock has a predicted downside of -1.87% based on their 12-month stock forecasts.
: Merit Medical Systems has been rated by research analysts at Bank of America, Barrington Research, Needham & Company LLC, Piper Sandler, Robert W. Baird, and Wells Fargo & Company in the past 90 days.
: Analysts like Merit Medical Systems more than other "medical" companies. The consensus rating score for Merit Medical Systems is 2.92 while the average consensus rating score for "medical" companies is 2.80. Learn more on how MMSI compares to other companies.

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This page (NASDAQ:MMSI) was last updated on 11/23/2024 by MarketBeat.com Staff

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Merit Medical Systems (MMSI) Stock Forecast & Price Target