Quipt Home Medical (QIPT) Stock Forecast & Price Target

$2.56 -0.19 (-6.91%)

(As of 11/15/2024 ET)

Quipt Home 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

Buy

Based on 6 Analyst Ratings

Sell
1

Hold
0

Buy
5

Based on 6 Wall Street analysts who have issued ratings for Quipt Home Medical in the last 12 months, the stock has a consensus rating of "Buy." Out of the 6 analysts, 1 has given a sell rating, 3 have given a buy rating, and 2 have given a strong buy rating for QIPT.

Consensus Price Target

$6.25
144.14% Upside

According to the 6 analysts' twelve-month price targets for Quipt Home Medical, the average price target is $6.25. The highest price target for QIPT is $9.50, while the lowest price target for QIPT is $2.50. The average price target represents a forecasted upside of 144.14% from the current price of $2.56.

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QIPT Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$6.25	$6.25	$6.75	$10.00
Forecasted Upside	144.14% Upside	114.04% Upside	143.68% Upside	99.20% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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QIPT 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.

QIPT 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.

Quipt Home Medical Stock vs. The Competition

Type	Quipt Home Medical	Medical Companies	S&P 500
Consensus Rating Score	3.00	2.80	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	144.14% Upside	28,591.88% Upside	9.87% Upside
News Sentiment Rating	Positive News See Recent QIPT News	Positive 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
8/21/2024	Benchmark 2 of 5 stars		Lower Target	Buy ➝ Buy	$9.00 ➝ $7.00	+154.54%
8/16/2024	Canaccord Genuity Group 1 of 5 stars		Lower Target	Buy ➝ Buy	$8.00 ➝ $6.00	+118.98%
7/16/2024	Ventum Cap Mkts 0 of 5 stars	S. Quenneville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/17/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Collin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/17/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$10.50 ➝ $9.50	+203.51%
5/17/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform	$10.00 ➝ $2.50	-26.47%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:53 PM ET.

QIPT Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Quipt Home Medical is $6.25, with a high forecast of $9.50 and a low forecast of $2.50.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Quipt Home Medical in the last twelve months. There is currently 1 sell rating, 3 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" QIPT shares.
: According to analysts, Quipt Home Medical's stock has a predicted upside of 144.14% based on their 12-month stock forecasts.
: Quipt Home Medical has been rated by research analysts at Benchmark in the past 90 days.
: Analysts like Quipt Home Medical more than other "medical" companies. The consensus rating for Quipt Home Medical is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how QIPT compares to other companies.

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This page (NASDAQ:QIPT) was last updated on 11/17/2024 by MarketBeat.com Staff

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Quipt Home Medical (QIPT) Stock Forecast & Price Target