Orthofix Medical (OFIX) Stock Forecast & Price Target

$18.87 +0.14 (+0.75%)

(As of 11/20/2024 ET)

Orthofix Medical - 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 4 Analyst Ratings

Sell
0

Hold
1

Buy
3

Based on 4 Wall Street analysts who have issued ratings for Orthofix Medical in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for OFIX.

Consensus Price Target

$23.00
21.89% Upside

According to the 4 analysts' twelve-month price targets for Orthofix Medical, the average price target is $23.00. The highest price target for OFIX is $24.00, while the lowest price target for OFIX is $22.00. The average price target represents a forecasted upside of 21.89% from the current price of $18.87.

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OFIX Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$23.00	$20.00	$18.00	$14.00
Forecasted Upside	21.89% Upside	24.77% Upside	4.11% Upside	23.57% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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OFIX 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.

OFIX 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.

Orthofix Medical Stock vs. The Competition

Type	Orthofix Medical	Medical Companies	S&P 500
Consensus Rating Score	2.75	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.89% Upside	26,931.53% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent OFIX 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
11/8/2024	Roth Mkm 1 of 5 stars		Reiterated Rating	Buy ➝ Buy	$20.00 ➝ $22.00	+12.82%
11/8/2024	Stifel Nicolaus 4 of 5 stars		Upgrade	Hold ➝ Buy	$18.00 ➝ $24.00	+31.72%
5/8/2024	Roth Capital 3 of 5 stars	J. Wittes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
4/22/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform
9/12/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:35 AM ET.

OFIX Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Orthofix Medical is $23.00, with a high forecast of $24.00 and a low forecast of $22.00.
: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Orthofix Medical in the last twelve months. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OFIX shares.
: According to analysts, Orthofix Medical's stock has a predicted upside of 21.89% based on their 12-month stock forecasts.
: Over the previous 90 days, Orthofix Medical's stock had 1 upgrade by analysts.
: Orthofix Medical has been rated by research analysts at Roth Mkm, and Stifel Nicolaus in the past 90 days.
: Analysts like Orthofix Medical less than other "medical" companies. The consensus rating score for Orthofix Medical is 2.75 while the average consensus rating score for "medical" companies is 2.80. Learn more on how OFIX compares to other companies.

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This page (NASDAQ:OFIX) was last updated on 11/21/2024 by MarketBeat.com Staff

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Orthofix Medical (OFIX) Stock Forecast & Price Target