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Sound Point Meridian Capital (SPMC) Stock Forecast & Price Target

Sound Point Meridian Capital logo
$20.36 -0.02 (-0.10%)
(As of 12/20/2024 04:33 PM ET)

Sound Point Meridian Capital - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
0
Hold
0
Buy
2

Based on 2 Wall Street analysts who have issued ratings for Sound Point Meridian Capital in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 2 analysts, 1 has given a buy rating, and 1 has given a strong buy rating for SPMC.

Consensus Price Target

$21.75
6.83% Upside
According to the 2 analysts' twelve-month price targets for Sound Point Meridian Capital, the average price target is $21.75. The highest price target for SPMC is $22.50, while the lowest price target for SPMC is $21.00. The average price target represents a forecasted upside of 6.83% from the current price of $20.36.
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SPMC Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
N/A
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
N/A
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
N/A
Consensus Price Target$21.75$21.75$21.00N/A
Forecasted Upside6.83% Upside5.94% Upside5.16% UpsideN/A
Consensus Rating
Strong Buy
Strong Buy
Buy
N/A

SPMC 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.
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SPMC 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.
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Sound Point Meridian Capital Stock vs. The Competition

TypeSound Point Meridian CapitalFinance CompaniesS&P 500
Consensus Rating Score
3.50
2.50
2.51
Consensus RatingStrong BuyHoldModerate Buy
Predicted Upside6.83% Upside18.66% Upside14.54% Upside
News Sentiment Rating
Neutral News

See Recent SPMC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/9/2024B. Riley
4 of 5 stars
 Initiated CoverageBuy$22.50+14.07%
7/9/2024Oppenheimer
3 of 5 stars
 Initiated CoverageOutperform$21.00+210,000,000.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:37 AM ET.


SPMC Forecast - Frequently Asked Questions

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Sound Point Meridian Capital is $21.75, with a high forecast of $22.50 and a low forecast of $21.00.

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sound Point Meridian Capital in the last twelve months. There is currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" SPMC shares.

According to analysts, Sound Point Meridian Capital's stock has a predicted upside of 6.83% based on their 12-month stock forecasts.

Over the previous 90 days, Sound Point Meridian Capital's stock had 1 upgrade by analysts.

Sound Point Meridian Capital has been rated by research analysts at B. Riley in the past 90 days.

Analysts like Sound Point Meridian Capital more than other "finance" companies. The consensus rating for Sound Point Meridian Capital is Strong Buy while the average consensus rating for "finance" companies is Hold. Learn more on how SPMC compares to other companies.


This page (NYSE:SPMC) was last updated on 12/22/2024 by MarketBeat.com Staff
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