Globus Medical (GMED) Stock Forecast, Price Target & Predictions
GMED Stock Forecast
Globus Medical stock forecast is as follows: an average price target of $79.54 (represents a 14.04% upside from GMED’s last price of $69.75) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
GMED Price Target
GMED Analyst Ratings
Globus Medical Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 28, 2024 | Ryan Zimmerman | BTIG | $77.00 | $71.73 | 7.35% | 10.39% |
Aug 07, 2024 | Vik Chopra | Wells Fargo | $78.00 | $70.53 | 10.59% | 11.83% |
Jul 15, 2024 | Drew Ranieri | Morgan Stanley | $71.00 | $71.07 | -0.10% | 1.79% |
May 29, 2024 | Ryan Zimmerman | BTIG | $72.00 | $65.49 | 9.94% | 3.23% |
May 20, 2024 | Matt O'Brien | Piper Sandler | $80.00 | $64.40 | 24.22% | 14.70% |
Mar 18, 2024 | Ryan Zimmerman | BTIG | $60.00 | $51.65 | 16.17% | -13.98% |
Sep 19, 2023 | Mathew Blackman | Stifel Nicolaus | $61.00 | $53.04 | 15.01% | -12.54% |
Jan 06, 2023 | - | Morgan Stanley | $78.00 | $71.97 | 8.37% | 11.83% |
Dec 20, 2022 | - | Truist Financial | $85.00 | $71.36 | 19.11% | 21.86% |
Dec 12, 2022 | - | Wells Fargo | $82.00 | $73.13 | 12.13% | 17.56% |
Globus Medical Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 3 | 7 |
Avg Price Target | $77.00 | $75.33 | $71.29 |
Last Closing Price | $69.75 | $69.75 | $69.75 |
Upside/Downside | 10.39% | 8.00% | 2.21% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Aug 28, 2024 | BTIG | Buy | Buy | Hold |
Aug 13, 2024 | Barclays | Overweight | Overweight | Hold |
Jul 15, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
May 29, 2024 | BTIG | Buy | Buy | Hold |
May 09, 2024 | Barclays | Overweight | Overweight | Hold |
Mar 18, 2024 | Truist Financial | Buy | Buy | Hold |
Mar 18, 2024 | RBC Capital | Underperform | Underperform | Hold |
Mar 18, 2024 | BTIG | - | Buy | Upgrade |
Feb 21, 2024 | Truist Financial | Buy | Buy | Hold |
Jan 11, 2024 | Truist Financial | Buy | Buy | Hold |
Globus Medical Financial Forecast
Globus Medical Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $383.64M | $291.62M | $276.69M | $274.50M | $254.15M | - | $230.55M | $250.02M | $229.72M | $251.02M | $227.34M | $233.44M | $216.10M | $148.92M | $190.58M | $211.67M | $196.22M |
Avg Forecast | $741.21M | $695.73M | $718.64M | $688.92M | $693.74M | $646.66M | $672.59M | $647.24M | $642.71M | $604.71M | $615.33M | $586.82M | $608.77M | $306.78M | $279.54M | $253.69M | $276.67M | $253.40M | $259.38M | $233.89M | $243.51M | $228.29M | $225.50M | $196.59M | $231.20M | $196.10M | $103.55M | $192.88M | $210.45M | $185.80M |
High Forecast | $747.89M | $702.00M | $725.11M | $695.12M | $699.99M | $652.49M | $678.65M | $653.07M | $648.50M | $609.08M | $620.87M | $592.10M | $612.72M | $309.77M | $282.06M | $255.98M | $279.16M | $255.68M | $259.38M | $236.37M | $246.10M | $230.71M | $227.90M | $198.68M | $233.65M | $198.19M | $104.65M | $194.93M | $212.69M | $187.78M |
Low Forecast | $728.26M | $683.58M | $706.08M | $676.88M | $681.62M | $635.36M | $660.84M | $635.93M | $631.48M | $593.10M | $604.58M | $576.57M | $598.32M | $304.18M | $274.65M | $249.26M | $271.84M | $248.97M | $259.38M | $230.91M | $240.41M | $225.37M | $222.63M | $194.08M | $228.25M | $193.60M | $102.23M | $190.42M | $207.77M | $183.43M |
# Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 3 | 6 | 4 | 6 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | 1.04% | 1.09% | 0.99% | 1.00% | - | 0.99% | 1.03% | 1.01% | 1.11% | 1.16% | 1.01% | 1.10% | 1.44% | 0.99% | 1.01% | 1.06% |
Globus Medical EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 3 | 6 | 4 | 6 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $116.58M | $66.21M | $77.02M | $71.43M | $78.19M | - | $68.20M | $38.60M | $71.20M | $68.06M | $74.35M | $79.12M | $69.43M | $-6.84M | $42.74M | $64.04M | $55.95M |
Avg Forecast | $205.84M | $193.21M | $199.57M | $191.31M | $192.65M | $179.58M | $186.78M | $179.74M | $178.48M | $167.93M | $170.88M | $91.41M | $169.06M | $85.19M | $77.63M | $83.10M | $76.83M | $69.62M | $72.03M | $75.54M | $37.79M | $63.29M | $51.43M | $50.24M | $68.26M | $28.00M | $-16.23M | $52.87M | $67.74M | $54.62M |
High Forecast | $207.69M | $194.95M | $201.36M | $193.04M | $194.39M | $181.20M | $188.46M | $181.36M | $180.09M | $169.14M | $172.42M | $109.69M | $170.15M | $86.02M | $78.33M | $99.71M | $77.52M | $83.54M | $72.03M | $90.65M | $45.35M | $75.95M | $61.71M | $60.28M | $81.91M | $33.60M | $-12.99M | $63.44M | $81.29M | $65.54M |
Low Forecast | $202.24M | $189.83M | $196.08M | $187.97M | $189.28M | $176.44M | $183.52M | $176.60M | $175.36M | $164.70M | $167.89M | $73.12M | $166.15M | $84.47M | $76.27M | $66.48M | $75.49M | $55.70M | $72.03M | $60.43M | $30.23M | $50.63M | $41.14M | $40.19M | $54.61M | $22.40M | $-19.48M | $42.29M | $54.19M | $43.69M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.37% | 0.85% | 0.93% | 0.93% | 1.12% | - | 0.90% | 1.02% | 1.13% | 1.32% | 1.48% | 1.16% | 2.48% | 0.42% | 0.81% | 0.95% | 1.02% |
Globus Medical Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 3 | 6 | 4 | 6 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $998.00K | $57.71M | $49.13M | $50.06M | $47.43M | - | $38.08M | $15.11M | $47.21M | $41.55M | $45.33M | $52.96M | $44.22M | $-20.84M | $25.95M | $45.53M | $38.31M |
Avg Forecast | $151.57M | $134.81M | $139.32M | $131.65M | $121.94M | $109.89M | $115.84M | $105.43M | $100.80M | $88.65M | $92.79M | $50.98M | $80.02M | $73.96M | $80.90M | $46.35M | $76.68M | $46.16M | $72.22M | $42.14M | $14.79M | $41.97M | $31.39M | $30.63M | $45.69M | $17.83M | $-49.44M | $32.09M | $48.16M | $37.39M |
High Forecast | $153.34M | $136.39M | $140.95M | $133.19M | $123.37M | $111.17M | $117.19M | $106.66M | $101.98M | $92.74M | $93.88M | $61.18M | $84.09M | $79.44M | $81.85M | $55.62M | $77.58M | $55.39M | $72.22M | $50.56M | $17.75M | $50.36M | $37.67M | $36.75M | $54.83M | $21.40M | $-39.55M | $38.51M | $57.79M | $44.87M |
Low Forecast | $148.12M | $131.75M | $136.16M | $128.66M | $119.17M | $107.39M | $113.21M | $103.04M | $98.51M | $85.92M | $90.69M | $40.79M | $77.31M | $69.85M | $79.06M | $37.08M | $74.94M | $36.93M | $72.22M | $33.71M | $11.83M | $33.57M | $25.11M | $24.50M | $36.55M | $14.27M | $-59.33M | $25.68M | $38.52M | $29.92M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.01% | 0.71% | 1.06% | 0.65% | 1.03% | - | 0.90% | 1.02% | 1.13% | 1.32% | 1.48% | 1.16% | 2.48% | 0.42% | 0.81% | 0.95% | 1.02% |
Globus Medical SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 3 | 6 | 4 | 6 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $156.21M | $120.07M | $122.42M | $118.08M | $106.58M | - | $100.75M | $106.56M | $96.44M | $107.25M | $97.89M | $96.83M | $93.30M | $84.13M | $97.31M | $95.54M | $92.08M |
Avg Forecast | $320.20M | $300.56M | $310.45M | $297.61M | $299.69M | $279.36M | $290.56M | $279.60M | $277.65M | $261.23M | $265.82M | $134.87M | $262.99M | $132.53M | $120.76M | $122.61M | $119.52M | $94.30M | $112.05M | $111.47M | $104.34M | $85.73M | $81.04M | $66.14M | $83.54M | $37.63M | $44.74M | $120.36M | $101.05M | $89.88M |
High Forecast | $323.09M | $303.26M | $313.25M | $300.29M | $302.39M | $281.87M | $293.18M | $282.12M | $280.15M | $263.12M | $268.22M | $161.85M | $264.69M | $133.82M | $121.85M | $147.13M | $120.60M | $113.16M | $112.05M | $133.76M | $125.21M | $102.87M | $97.24M | $79.37M | $100.25M | $45.16M | $45.21M | $144.44M | $121.26M | $107.86M |
Low Forecast | $314.61M | $295.30M | $305.03M | $292.41M | $294.46M | $274.48M | $285.48M | $274.72M | $272.80M | $256.22M | $261.18M | $107.90M | $258.47M | $131.40M | $118.65M | $98.09M | $117.43M | $75.44M | $112.05M | $89.17M | $83.47M | $68.58M | $64.83M | $52.91M | $66.84M | $30.11M | $44.16M | $96.29M | $80.84M | $71.91M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 0.99% | 1.00% | 0.99% | 1.13% | - | 0.90% | 1.02% | 1.13% | 1.32% | 1.48% | 1.16% | 2.48% | 1.88% | 0.81% | 0.95% | 1.02% |
Globus Medical EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 3 | 6 | 4 | 6 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.01 | $0.57 | $0.49 | $0.50 | $0.48 | - | $0.37 | $0.15 | $0.47 | $0.41 | $0.45 | $0.54 | $0.45 | $-0.21 | $0.26 | $0.46 | $0.39 |
Avg Forecast | $1.11 | $0.98 | $1.02 | $0.96 | $0.89 | $0.80 | $0.85 | $0.77 | $0.74 | $0.65 | $0.68 | $0.57 | $0.58 | $0.54 | $0.59 | $0.51 | $0.56 | $0.52 | $0.53 | $0.47 | $0.47 | $0.45 | $0.44 | $0.37 | $0.51 | $0.31 | $-0.11 | $0.38 | $0.52 | $0.42 |
High Forecast | $1.12 | $1.00 | $1.03 | $0.97 | $0.90 | $0.81 | $0.86 | $0.78 | $0.74 | $0.68 | $0.69 | $0.57 | $0.61 | $0.58 | $0.60 | $0.51 | $0.57 | $0.52 | $0.53 | $0.47 | $0.48 | $0.46 | $0.45 | $0.37 | $0.52 | $0.31 | $-0.11 | $0.38 | $0.53 | $0.43 |
Low Forecast | $1.08 | $0.96 | $0.99 | $0.94 | $0.87 | $0.78 | $0.83 | $0.75 | $0.72 | $0.63 | $0.66 | $0.55 | $0.56 | $0.51 | $0.58 | $0.50 | $0.55 | $0.51 | $0.53 | $0.46 | $0.46 | $0.44 | $0.44 | $0.36 | $0.50 | $0.30 | $-0.12 | $0.37 | $0.51 | $0.42 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.02% | 0.97% | 0.96% | 0.89% | 0.93% | - | 0.79% | 0.32% | 1.04% | 0.92% | 1.23% | 1.06% | 1.47% | 1.84% | 0.69% | 0.88% | 0.92% |
Globus Medical Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
NVRO | Nevro | $5.79 | $32.99 | 469.78% | Hold |
NVCR | NovoCure | $18.57 | $67.92 | 265.75% | Hold |
ATEC | Alphatec | $5.59 | $16.64 | 197.67% | Buy |
IRTC | iRhythm | $76.61 | $144.20 | 88.23% | Buy |
OFIX | Orthofix Medical | $16.76 | $31.00 | 84.96% | - |
NARI | Inari Medical | $46.52 | $72.88 | 56.66% | Buy |
LIVN | LivaNova | $48.53 | $71.25 | 46.82% | Buy |
CNMD | CONMED | $75.40 | $101.00 | 33.95% | Buy |
INSP | Inspire Medical Systems | $203.99 | $237.80 | 16.57% | Buy |
PODD | Insulet | $233.87 | $268.60 | 14.85% | Buy |
GMED | Globus Medical | $69.75 | $79.54 | 14.04% | Buy |
BRKR | Bruker | $65.66 | $71.67 | 9.15% | Buy |
ITGR | Integer | $126.78 | $131.00 | 3.33% | Buy |
GKOS | Glaukos | $126.28 | $101.56 | -19.58% | Buy |
GMED Forecast FAQ
Is Globus Medical a good buy?
Yes, according to 10 Wall Street analysts, Globus Medical (GMED) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 80.00% of GMED's total ratings.
What is GMED's price target?
Globus Medical (GMED) average price target is $79.54 with a range of $61 to $96, implying a 14.04% from its last price of $69.75. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Globus Medical stock go up soon?
According to Wall Street analysts' prediction for GMED stock, the company can go up by 14.04% (from the last price of $69.75 to the average price target of $79.54), up by 37.63% based on the highest stock price target, and down by -12.54% based on the lowest stock price target.
Can Globus Medical stock reach $100?
GMED's average twelve months analyst stock price target of $79.54 does not support the claim that Globus Medical can reach $100 in the near future.
What is Globus Medical's current price target trend?
1 Wall Street analyst forecast a $77 price target for Globus Medical (GMED) this month, up 10.39% from its last price of $69.75. Compared to the last 3 and 12 months, the average price target increased by 8.00% and increased by 2.21%, respectively.
What are Globus Medical's analysts' financial forecasts?
Globus Medical's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.66B (high $2.68B, low $2.61B), average EBITDA is $738.75M (high $745.4M, low $725.84M), average net income is $453.1M (high $458.4M, low $442.81M), average SG&A $1.15B (high $1.16B, low $1.13B), and average EPS is $3.31 (high $3.35, low $3.23). GMED's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.84B (high $2.87B, low $2.79B), average EBITDA is $789.92M (high $797.03M, low $776.12M), average net income is $557.35M (high $563.88M, low $544.7M), average SG&A $1.23B (high $1.24B, low $1.21B), and average EPS is $4.07 (high $4.12, low $3.98).
Did the GMED's actual financial results beat the analysts' financial forecasts?
Based on Globus Medical's last annual report (Dec 2022), the company's revenue was $1.02B, which missed the average analysts forecast of $1.02B by -0.05%. Apple's EBITDA was $313.82M, beating the average prediction of $294.02M by 6.73%. The company's net income was $190.17M, missing the average estimation of $237.2M by -19.83%. Apple's SG&A was $432.12M, missing the average forecast of $437.34M by -1.19%. Lastly, the company's EPS was $1.89, missing the average prediction of $2.08 by -9.08%. In terms of the last quarterly report (Sep 2023), Globus Medical's revenue was $383.64M, beating the average analysts' forecast of $306.78M by 25.05%. The company's EBITDA was $116.58M, beating the average prediction of $85.19M by 36.84%. Globus Medical's net income was $998K, missing the average estimation of $73.96M by -98.65%. The company's SG&A was $156.21M, beating the average forecast of $132.53M by 17.87%. Lastly, the company's EPS was $0.01, missing the average prediction of $0.54 by -98.15%