Globus Medical (GMED) Stock Forecast, Price Target & Predictions


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GMED Stock Forecast


Globus Medical stock forecast is as follows: an average price target of $85.00 (represents a 2.82% upside from GMED’s last price of $82.67) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

GMED Price Target


The average price target for Globus Medical (GMED) is $85.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $77.00. This represents a potential 2.82% upside from GMED's last price of $82.67.

GMED Analyst Ratings


Buy

According to 11 Wall Street analysts, Globus Medical's rating consensus is 'Buy'. The analyst rating breakdown for GMED stock is 0 'Strong Buy' (0.00%), 8 'Buy' (72.73%), 3 'Hold' (27.27%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Globus Medical Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 02, 2024Kallum TitchmarshMorgan Stanley$100.00$85.5216.93%20.97%
Aug 28, 2024Ryan ZimmermanBTIG$77.00$71.737.35%-6.85%
Aug 07, 2024Vik ChopraWells Fargo$78.00$70.5310.59%-5.64%
Jul 15, 2024Drew RanieriMorgan Stanley$71.00$71.07-0.10%-14.11%
May 29, 2024Ryan ZimmermanBTIG$72.00$65.499.94%-12.90%
May 20, 2024Matt O'BrienPiper Sandler$80.00$64.4024.22%-3.22%
Mar 18, 2024Ryan ZimmermanBTIG$60.00$51.6516.17%-27.42%
Sep 19, 2023Mathew BlackmanStifel Nicolaus$61.00$53.0415.01%-26.21%
Jan 06, 2023Morgan Stanley$78.00$71.978.37%-5.64%
Dec 20, 2022Truist Financial$85.00$71.3619.11%2.82%
Dec 12, 2022Wells Fargo$82.00$73.1312.13%-0.80%
Aug 05, 2022Piper Sandler$75.00$58.8527.44%-9.27%
Jul 20, 2022Truist Financial$71.00$58.3521.67%-14.11%
Jul 15, 2022Morgan Stanley$62.00$56.2710.18%-25.00%
May 12, 2022Morgan Stanley$68.00$61.1611.17%-17.74%
May 11, 2022RBC Capital$73.00$59.9721.74%-11.69%
May 11, 2022Needham$71.00$61.2215.98%-14.11%
Dec 13, 2021Craig BijouBank of America Securities$80.00$68.9616.01%-3.22%
Aug 05, 2021Matthew HenrikssonCitigroup$93.00$79.9016.40%12.50%
Aug 05, 2021Kyle RoseCanaccord Genuity$90.00$79.9012.64%8.87%
Aug 05, 2021Richard NewitterLeerink Partners$96.00$79.9020.15%16.13%
May 05, 2021Steven LichtmanOppenheimer$79.00$73.377.67%-4.43%

The latest Globus Medical stock forecast, released on Dec 02, 2024 by Kallum Titchmarsh from Morgan Stanley, set a price target of $100.00, which represents a 16.93% increase from the stock price at the time of the forecast ($85.52), and a 20.97% increase from GMED last price ($82.67).

Globus Medical Price Target by Period


1M3M12M
# Anlaysts117
Avg Price Target$100.00$100.00$76.86
Last Closing Price$82.67$82.67$82.67
Upside/Downside20.97%20.97%-7.02%

In the current month, the average price target of Globus Medical stock is $100.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 20.97% increase as opposed to Globus Medical's last price of $82.67. This month's average price target is down 0.00% compared to last quarter, and up 30.11% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Nov 06, 2024NeedhamHoldHoldHold
Nov 06, 2024Bank of America SecuritiesUnderperformUnderperformHold
Oct 08, 2024RBC CapitalOutperformOutperformHold
Aug 28, 2024BTIGBuyBuyHold
Aug 13, 2024BarclaysOverweightOverweightHold
Jul 15, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 29, 2024BTIGBuyBuyHold
May 09, 2024BarclaysOverweightOverweightHold
Mar 18, 2024Truist FinancialBuyBuyHold
Mar 18, 2024RBC CapitalUnderperformUnderperformHold
Mar 18, 2024BTIGBuyUpgrade
Feb 21, 2024Truist FinancialBuyBuyHold
Jan 11, 2024RBC CapitalUnderperformUnderperformHold
Jan 11, 2024Truist FinancialBuyBuyHold
Mar 30, 2023Canaccord GenuityBuyUpgrade
Feb 09, 2023CFRAHoldUpgrade
Jan 06, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Dec 12, 2022Wells FargoOverweightOverweightHold
Aug 05, 2022Piper SandlerOverweightOverweightHold
Jul 15, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 12, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 11, 2022Wells FargoOverweightOverweightHold
Feb 22, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Feb 18, 2022Credit SuisseOutperformOutperformHold
Feb 18, 2022NeedhamBuyBuyHold

Globus Medical's last stock rating was published by Needham on Nov 06, 2024. The company gave GMED a "Hold" rating, the same as its previous rate.

Globus Medical Financial Forecast


Globus Medical Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$383.64M$291.62M$276.69M$274.50M$254.15M$263.65M$230.55M$250.02M$229.72M$251.02M$227.34M$233.44M$216.10M$148.92M$190.58M$211.67M$196.22M
Avg Forecast$723.90M$709.83M$715.71M$685.65M$681.58M$664.28M$670.95M$644.55M$635.43M$604.69M$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$729.17M$715.00M$720.92M$690.65M$686.54M$669.12M$675.83M$647.35M$639.03M$605.03M$615.33M$586.82M$612.72M$309.77M$281.57M$255.54M$278.68M$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
Low Forecast$719.64M$705.66M$711.50M$681.62M$677.57M$660.37M$667.00M$642.23M$627.54M$604.34M$615.33M$586.81M$598.32M$304.18M$277.89M$252.20M$275.04M$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
# Analysts4444333510922410998888999991599168
Surprise %-------------1.25%1.04%1.09%0.99%1.00%1.02%0.99%1.03%1.01%1.11%1.16%1.01%1.10%1.44%0.99%1.01%1.06%

Globus Medical's average Quarter revenue forecast for Dec 23 based on 4 analysts is $608.77M, with a low forecast of $598.32M, and a high forecast of $612.72M. GMED's average Quarter revenue forecast represents a 58.68% increase compared to the company's last Quarter revenue of $383.64M (Sep 23).

Globus Medical EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333510922410998888999991599168
EBITDA-------------$116.58M$66.21M$77.02M$71.43M$78.19M$83.60M$68.20M$38.60M$71.20M$68.06M$74.35M$79.12M$69.43M$-6.84M$42.74M$64.04M$55.95M
Avg Forecast$187.01M$183.37M$184.89M$177.13M$176.08M$171.61M$173.33M$166.51M$164.15M$156.21M$158.96M$91.41M$157.27M$79.25M$72.21M$83.10M$41.57M$70.37M$72.03M$75.54M$67.62M$63.39M$62.62M$50.24M$64.20M$54.46M$28.76M$52.87M$58.44M$51.60M
High Forecast$188.37M$184.71M$186.24M$178.42M$177.36M$172.86M$174.59M$167.23M$165.08M$156.30M$158.96M$109.69M$158.29M$80.02M$72.74M$99.71M$49.89M$70.37M$72.03M$90.65M$67.62M$63.39M$62.62M$60.28M$64.20M$54.46M$28.76M$63.44M$58.44M$51.60M
Low Forecast$185.91M$182.30M$183.81M$176.09M$175.04M$170.60M$172.31M$165.91M$162.12M$156.12M$158.96M$73.12M$154.57M$78.58M$71.79M$66.48M$33.26M$70.37M$72.03M$60.43M$67.62M$63.39M$62.62M$40.19M$64.20M$54.46M$28.76M$42.29M$58.44M$51.60M
Surprise %-------------1.47%0.92%0.93%1.72%1.11%1.16%0.90%0.57%1.12%1.09%1.48%1.23%1.27%-0.24%0.81%1.10%1.08%

4 analysts predict GMED's average Quarter EBITDA for Dec 23 to be $157.27M, with a high of $158.29M and a low of $154.57M. This is 34.90% upper than Globus Medical's previous annual EBITDA (Sep 23) of $116.58M.

Globus Medical Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333510922410998888999991599168
Net Income-------------$998.00K$57.71M$49.13M$50.06M$47.43M$54.59M$38.08M$15.11M$47.21M$41.55M$45.33M$52.96M$44.22M$-20.84M$25.95M$45.53M$38.31M
Avg Forecast$139.81M$135.88M$138.36M$131.14M$122.56M$116.97M$119.11M$107.81M$101.59M$89.34M$93.53M$50.98M$80.66M$74.55M$81.54M$46.35M$16.27M$70.92M$73.08M$42.14M$64.71M$61.87M$60.94M$30.63M$69.64M$41.80M$-15.59M$32.09M$71.63M$57.88M
High Forecast$141.13M$137.17M$139.67M$132.38M$123.72M$118.08M$120.24M$114.55M$116.30M$89.47M$93.56M$61.18M$84.76M$80.07M$82.31M$55.62M$19.52M$70.92M$73.08M$50.56M$64.71M$61.87M$60.94M$36.75M$69.64M$41.80M$-15.59M$38.51M$71.63M$57.88M
Low Forecast$138.74M$134.84M$137.30M$130.13M$121.62M$116.08M$118.20M$102.42M$93.57M$89.21M$93.50M$40.79M$77.92M$70.40M$80.91M$37.08M$13.02M$70.92M$73.08M$33.71M$64.71M$61.87M$60.94M$24.50M$69.64M$41.80M$-15.59M$25.68M$71.63M$57.88M
Surprise %-------------0.01%0.71%1.06%3.08%0.67%0.75%0.90%0.23%0.76%0.68%1.48%0.76%1.06%1.34%0.81%0.64%0.66%

Globus Medical's average Quarter net income forecast for Dec 23 is $80.66M, with a range of $77.92M to $84.76M. GMED's average Quarter net income forecast represents a 7981.88% increase compared to the company's last Quarter net income of $998.00K (Sep 23).

Globus Medical SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333510922410998888999991599168
SG&A-------------$156.21M$120.07M$122.42M$118.08M$106.58M$106.72M$100.75M$106.56M$96.44M$107.25M$97.89M$96.83M$93.30M$84.13M$97.31M$95.54M$92.08M
Avg Forecast$312.72M$306.65M$309.18M$296.20M$294.44M$286.97M$289.85M$278.45M$274.51M$261.22M$265.82M$134.87M$262.99M$132.53M$120.76M$122.61M$114.77M$109.47M$112.05M$111.47M$105.20M$98.62M$97.42M$66.14M$99.88M$84.72M$44.74M$120.36M$90.91M$80.27M
High Forecast$315.00M$308.88M$311.44M$298.36M$296.59M$289.06M$291.96M$279.65M$276.06M$261.37M$265.82M$161.85M$264.69M$133.82M$121.64M$147.13M$137.73M$109.47M$112.05M$133.76M$105.20M$98.62M$97.42M$79.37M$99.88M$84.72M$44.74M$144.44M$90.91M$80.27M
Low Forecast$310.88M$304.84M$307.37M$294.46M$292.71M$285.28M$288.14M$277.44M$271.10M$261.07M$265.82M$107.90M$258.47M$131.40M$120.05M$98.09M$91.82M$109.47M$112.05M$89.17M$105.20M$98.62M$97.42M$52.91M$99.88M$84.72M$44.74M$96.29M$90.91M$80.27M
Surprise %-------------1.18%0.99%1.00%1.03%0.97%0.95%0.90%1.01%0.98%1.10%1.48%0.97%1.10%1.88%0.81%1.05%1.15%

Globus Medical's average Quarter SG&A projection for Dec 23 is $262.99M, based on 4 Wall Street analysts, with a range of $258.47M to $264.69M. The forecast indicates a 68.36% rise compared to GMED last annual SG&A of $156.21M (Sep 23).

Globus Medical EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333510922410998888999991599168
EPS-------------$0.01$0.57$0.49$0.50$0.48$0.54$0.37$0.15$0.47$0.41$0.45$0.54$0.45$-0.21$0.26$0.46$0.39
Avg Forecast$1.01$0.98$1.00$0.95$0.89$0.85$0.86$0.78$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$1.02$0.99$1.01$0.96$0.90$0.86$0.87$0.83$0.84$0.65$0.68$0.57$0.61$0.58$0.60$0.51$0.57$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
Low Forecast$1.00$0.98$0.99$0.94$0.88$0.84$0.86$0.74$0.68$0.65$0.68$0.56$0.56$0.51$0.59$0.50$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
Surprise %-------------0.02%0.97%0.96%0.89%0.93%1.01%0.79%0.32%1.04%0.92%1.23%1.06%1.47%1.84%0.69%0.88%0.92%

According to 4 Wall Street analysts, Globus Medical's projected average Quarter EPS for Dec 23 is $0.58, with a low estimate of $0.56 and a high estimate of $0.61. This represents a 5742.10% increase compared to GMED previous annual EPS of $0.01 (Sep 23).

Globus Medical Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ATECAlphatec$9.52$16.6074.37%Buy
NVRONevro$4.05$5.8444.20%Hold
LIVNLivaNova$49.94$68.2536.66%Buy
BRKRBruker$57.81$79.0036.65%Buy
CNMDCONMED$71.23$97.0036.18%Buy
OFIXOrthofix Medical$17.93$24.0033.85%
IRTCiRhythm$91.45$111.3821.79%Buy
INSPInspire Medical Systems$190.71$223.1717.02%Buy
NARIInari Medical$56.16$64.0013.96%Buy
ITGRInteger$136.68$153.5012.31%Buy
GMEDGlobus Medical$83.42$85.001.89%Buy
PODDInsulet$263.35$268.001.77%Buy
GKOSGlaukos$146.35$144.14-1.51%Buy
NVCRNovoCure$32.10$30.00-6.54%Hold

GMED Forecast FAQ


Is Globus Medical a good buy?

Yes, according to 11 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 72.73% of GMED's total ratings.

What is GMED's price target?

Globus Medical (GMED) average price target is $85 with a range of $77 to $100, implying a 2.82% from its last price of $82.67. The data is based on 11 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 2.82% (from the last price of $82.67 to the average price target of $85), up by 20.97% based on the highest stock price target, and down by -6.85% based on the lowest stock price target.

Can Globus Medical stock reach $120?

GMED's average twelve months analyst stock price target of $85 does not support the claim that Globus Medical can reach $120 in the near future.

What is Globus Medical's current price target trend?

1 Wall Street analyst forecast a $100 price target for Globus Medical (GMED) this month, up 20.97% from its last price of $82.67. Compared to the last 3 and 12 months, the average price target increased by 20.97% and decreased by -7.02%, 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 $2.65B), average EBITDA is $687.52M (high $692.04M, low $683.86M), average net income is $466.45M (high $476.59M, low $458.32M), average SG&A $1.15B (high $1.16B, low $1.14B), and average EPS is $3.38 (high $3.45, low $3.32). GMED's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.84B (high $2.86B, low $2.82B), average EBITDA is $732.4M (high $737.74M, low $728.1M), average net income is $545.19M (high $550.35M, low $541.02M), average SG&A $1.22B (high $1.23B, low $1.22B), and average EPS is $3.95 (high $3.99, low $3.92).

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 $259.51M by 20.93%. The company's net income was $190.17M, missing the average estimation of $202.4M by -6.04%. Apple's SG&A was $432.12M, missing the average forecast of $447.76M by -3.49%. 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 $79.25M by 47.10%. Globus Medical's net income was $998K, missing the average estimation of $74.55M by -98.66%. 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%