Merit Medical Systems (MMSI) Stock Forecast, Price Target & Predictions
MMSI Stock Forecast
Merit Medical Systems stock forecast is as follows: an average price target of $100.78 (represents a -3.04% downside from MMSI’s last price of $103.94) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
MMSI Price Target
The average price target for Merit Medical Systems (MMSI) is $100.78 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $125.00 to $71.00. This represents a potential -3.04% downside from MMSI's last price of $103.94.
MMSI Analyst Ratings
According to 6 Wall Street analysts, Merit Medical Systems's rating consensus is 'Buy'. The analyst rating breakdown for MMSI stock is 0 'Strong Buy' (0.00%), 5 'Buy' (83.33%), 1 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Merit Medical Systems Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 15, 2024 | David Rescott | Robert W. Baird | $107.00 | $95.52 | 12.02% | 2.94% |
| Sep 16, 2024 | Mike Matson | Needham | $105.00 | $96.16 | 9.19% | 1.02% |
| Sep 16, 2024 | Larry Biegelsen | Wells Fargo | $103.00 | $96.16 | 7.11% | -0.90% |
| Sep 16, 2024 | Craig Bijou | Bank of America Securities | $103.00 | $96.16 | 7.11% | -0.90% |
| Sep 09, 2024 | Jason Bednar | Piper Sandler | $110.00 | $96.58 | 13.90% | 5.83% |
| Aug 05, 2024 | Craig Bijou | Bank of America Securities | $92.00 | $87.44 | 5.22% | -11.49% |
| Aug 02, 2024 | Jason Bednar | Piper Sandler | $100.00 | $86.86 | 15.13% | -3.79% |
| Jul 02, 2024 | John Young | Canaccord Genuity | $125.00 | $85.64 | 45.96% | 20.26% |
| Jun 13, 2024 | Larry Biegelsen | Wells Fargo | $85.00 | $83.25 | 2.10% | -18.22% |
| May 01, 2024 | Jason Bednar | Piper Sandler | $97.00 | $77.12 | 25.78% | -6.68% |
The latest Merit Medical Systems stock forecast, released on Oct 15, 2024 by David Rescott from Robert W. Baird, set a price target of $107.00, which represents a 12.02% increase from the stock price at the time of the forecast ($95.52), and a 2.94% increase from MMSI last price ($103.94).
Merit Medical Systems Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 11 |
| Avg Price Target | - | $105.60 | $101.36 |
| Last Closing Price | $103.94 | $103.94 | $103.94 |
| Upside/Downside | -100.00% | 1.60% | -2.48% |
In the current month, the average price target of Merit Medical Systems stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Merit Medical Systems's last price of $103.94. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| Oct 18, 2024 | Wells Fargo | Buy | Buy | Hold |
| Sep 17, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Sep 16, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| Sep 16, 2024 | Wells Fargo | Buy | Buy | Hold |
| Sep 16, 2024 | Needham | Buy | Buy | Hold |
| Sep 16, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 16, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Sep 09, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 28, 2024 | Needham | Underperform | Underperform | Hold |
Merit Medical Systems's last stock rating was published by Sandler O'Neill on Oct 18, 2024. The company gave MMSI a "Underperform" rating, the same as its previous rate.
Merit Medical Systems Financial Forecast
Merit Medical Systems 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $320.06M | $297.56M | $293.42M | $287.18M | $294.98M | $275.42M | $278.49M | $267.02M | $280.32M | $248.91M | $258.00M | $243.97M | $218.37M | $243.53M | $257.92M | $243.05M |
| Avg Forecast | $395.27M | $387.53M | $391.02M | $373.17M | $375.08M | $368.72M | $373.01M | $353.48M | $346.96M | $334.60M | $334.56M | $315.57M | $320.66M | $306.19M | $310.10M | $280.50M | $290.14M | $272.52M | $280.55M | $264.38M | $270.91M | $260.61M | $250.60M | $230.88M | $250.47M | $217.63M | $192.67M | $231.57M | $252.31M | $248.55M |
| High Forecast | $399.70M | $391.87M | $395.40M | $377.36M | $379.28M | $372.86M | $377.19M | $358.94M | $349.18M | $334.66M | $334.56M | $315.57M | $326.92M | $306.19M | $313.57M | $283.64M | $293.39M | $272.52M | $280.55M | $264.38M | $270.91M | $260.61M | $250.60M | $230.88M | $250.47M | $217.63M | $192.67M | $231.57M | $252.31M | $248.55M |
| Low Forecast | $390.03M | $382.39M | $385.83M | $368.22M | $370.11M | $363.83M | $368.06M | $347.03M | $344.96M | $334.55M | $334.56M | $315.57M | $315.80M | $306.19M | $305.99M | $276.77M | $286.29M | $272.52M | $280.55M | $264.38M | $270.91M | $260.61M | $250.60M | $230.88M | $250.47M | $217.63M | $192.67M | $231.57M | $252.31M | $248.55M |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.06% | 1.01% | 1.05% | 1.05% | 1.04% | 1.03% | 1.02% | 1.12% | 1.08% | 1.03% | 1.12% | 1.13% | 1.05% | 1.02% | 0.98% |
Merit Medical Systems's average Quarter revenue forecast for Sep 23 based on 3 analysts is $306.19M, with a low forecast of $306.19M, and a high forecast of $306.19M. MMSI's average Quarter revenue forecast represents a -4.33% decrease compared to the company's last Quarter revenue of $320.06M (Jun 23).
Merit Medical Systems 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.55M | $51.23M | $55.84M | $43.46M | $52.88M | $42.49M | $44.96M | $39.03M | $32.27M | $38.70M | $42.02M | $26.61M | $7.34M | $27.61M | $22.07M | $24.57M |
| Avg Forecast | $56.32M | $55.22M | $55.71M | $53.17M | $53.44M | $52.54M | $53.15M | $50.37M | $49.44M | $47.68M | $47.67M | $40.35M | $45.69M | $43.63M | $44.18M | $36.68M | $31.38M | $32.29M | $33.24M | $33.34M | $32.10M | $30.88M | $29.69M | $23.65M | $29.68M | $25.79M | $22.83M | $16.35M | $29.90M | $29.45M |
| High Forecast | $56.95M | $55.84M | $56.34M | $53.77M | $54.04M | $53.13M | $53.74M | $51.14M | $49.75M | $47.68M | $47.67M | $48.41M | $46.58M | $43.63M | $44.68M | $44.01M | $37.66M | $32.29M | $33.24M | $40.01M | $32.10M | $30.88M | $29.69M | $28.38M | $29.68M | $25.79M | $22.83M | $19.62M | $29.90M | $29.45M |
| Low Forecast | $55.57M | $54.48M | $54.98M | $52.47M | $52.73M | $51.84M | $52.44M | $49.45M | $49.15M | $47.67M | $47.67M | $32.28M | $45.00M | $43.63M | $43.60M | $29.34M | $25.11M | $32.29M | $33.24M | $26.67M | $32.10M | $30.88M | $29.69M | $18.92M | $29.68M | $25.79M | $22.83M | $13.08M | $29.90M | $29.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | 1.40% | 1.78% | 1.35% | 1.59% | 1.27% | 1.40% | 1.26% | 1.09% | 1.64% | 1.42% | 1.03% | 0.32% | 1.69% | 0.74% | 0.83% |
3 analysts predict MMSI's average Quarter EBITDA for Sep 23 to be $43.63M, with a high of $43.63M and a low of $43.63M. This is -22.85% lower than Merit Medical Systems's previous annual EBITDA (Jun 23) of $56.55M.
Merit Medical Systems 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.25M | $20.70M | $33.40M | $15.27M | $15.30M | $10.54M | $20.61M | $11.97M | $4.92M | $10.96M | $15.38M | $-3.01M | $-19.06M | $-3.15M | $-4.21M | $-3.40M |
| Avg Forecast | $66.58M | $61.61M | $62.79M | $54.34M | $57.01M | $56.03M | $58.08M | $49.28M | $49.06M | $47.51M | $52.04M | $11.13M | $45.62M | $38.53M | $44.78M | $10.12M | $14.39M | $31.05M | $33.90M | $9.20M | $29.71M | $25.63M | $26.29M | $6.70M | $25.48M | $11.60M | $3.82M | $-1.87M | $20.12M | $26.21M |
| High Forecast | $67.55M | $62.51M | $63.70M | $55.13M | $57.84M | $56.85M | $58.93M | $52.89M | $49.65M | $47.54M | $52.79M | $13.36M | $46.81M | $38.53M | $45.43M | $12.14M | $17.27M | $31.05M | $33.90M | $11.04M | $29.71M | $25.63M | $26.29M | $8.04M | $25.48M | $11.60M | $3.82M | $-1.49M | $20.12M | $26.21M |
| Low Forecast | $65.43M | $60.55M | $61.70M | $53.41M | $56.02M | $55.06M | $57.08M | $47.48M | $47.88M | $47.48M | $51.14M | $8.90M | $44.44M | $38.52M | $44.01M | $8.09M | $11.51M | $31.05M | $33.90M | $7.36M | $29.71M | $25.63M | $26.29M | $5.36M | $25.48M | $11.60M | $3.82M | $-2.24M | $20.12M | $26.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.45% | 2.05% | 2.32% | 0.49% | 0.45% | 1.15% | 0.69% | 0.47% | 0.19% | 1.64% | 0.60% | -0.26% | -4.99% | 1.69% | -0.21% | -0.13% |
Merit Medical Systems's average Quarter net income forecast for Sep 23 is $38.53M, with a range of $38.52M to $38.53M. MMSI's average Quarter net income forecast represents a 90.31% increase compared to the company's last Quarter net income of $20.25M (Jun 23).
Merit Medical Systems 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $100.93M | $90.14M | $83.24M | $89.78M | $85.49M | $84.02M | $76.63M | $86.47M | $91.56M | $81.02M | $79.93M | $72.22M | $66.77M | $78.81M | $82.09M | $86.94M |
| Avg Forecast | $122.14M | $119.74M | $120.82M | $115.31M | $115.90M | $113.93M | $115.26M | $109.22M | $107.21M | $103.39M | $103.38M | $88.68M | $99.08M | $94.61M | $95.82M | $80.62M | $53.49M | $81.82M | $84.23M | $73.29M | $81.34M | $78.25M | $75.24M | $49.51M | $75.20M | $65.34M | $57.85M | $46.68M | $75.75M | $74.63M |
| High Forecast | $123.51M | $121.09M | $122.18M | $116.60M | $117.20M | $115.21M | $116.55M | $110.91M | $107.90M | $103.41M | $103.38M | $106.42M | $101.02M | $94.61M | $96.89M | $96.74M | $64.19M | $81.82M | $84.23M | $87.95M | $81.34M | $78.25M | $75.24M | $59.42M | $75.20M | $65.34M | $57.85M | $56.01M | $75.75M | $74.63M |
| Low Forecast | $120.52M | $118.16M | $119.22M | $113.78M | $114.36M | $112.42M | $113.73M | $107.23M | $106.59M | $103.37M | $103.38M | $70.94M | $97.58M | $94.61M | $94.55M | $64.49M | $42.79M | $81.82M | $84.23M | $58.63M | $81.34M | $78.25M | $75.24M | $39.61M | $75.20M | $65.34M | $57.85M | $37.34M | $75.75M | $74.63M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.12% | 1.56% | 1.10% | 1.01% | 1.15% | 0.94% | 1.11% | 1.22% | 1.64% | 1.06% | 1.11% | 1.15% | 1.69% | 1.08% | 1.16% |
Merit Medical Systems's average Quarter SG&A projection for Sep 23 is $94.61M, based on 3 Wall Street analysts, with a range of $94.61M to $94.61M. The forecast indicates a -6.26% fall compared to MMSI last annual SG&A of $100.93M (Jun 23).
Merit Medical Systems 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.36 | $0.58 | $0.27 | $0.27 | $0.19 | $0.36 | $0.21 | $0.09 | $0.20 | $0.28 | $-0.05 | $-0.34 | $-0.06 | $-0.08 | $-0.06 |
| Avg Forecast | $1.12 | $1.03 | $1.05 | $0.91 | $0.96 | $0.94 | $0.98 | $0.83 | $0.82 | $0.80 | $0.87 | $0.71 | $0.77 | $0.65 | $0.75 | $0.55 | $0.67 | $0.53 | $0.58 | $0.47 | $0.51 | $0.44 | $0.45 | $0.36 | $0.43 | $0.20 | $0.07 | $0.26 | $0.34 | $0.45 |
| High Forecast | $1.13 | $1.05 | $1.07 | $0.93 | $0.97 | $0.95 | $0.99 | $0.89 | $0.83 | $0.80 | $0.89 | $0.71 | $0.79 | $0.65 | $0.76 | $0.55 | $0.68 | $0.53 | $0.58 | $0.47 | $0.51 | $0.44 | $0.45 | $0.36 | $0.43 | $0.20 | $0.07 | $0.26 | $0.34 | $0.45 |
| Low Forecast | $1.10 | $1.02 | $1.04 | $0.90 | $0.94 | $0.92 | $0.96 | $0.80 | $0.80 | $0.80 | $0.86 | $0.71 | $0.75 | $0.65 | $0.74 | $0.54 | $0.66 | $0.53 | $0.58 | $0.47 | $0.51 | $0.44 | $0.45 | $0.36 | $0.43 | $0.20 | $0.07 | $0.26 | $0.34 | $0.45 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 0.66% | 0.86% | 0.51% | 0.47% | 0.41% | 0.71% | 0.48% | 0.20% | 0.56% | 0.65% | -0.25% | -5.23% | -0.23% | -0.23% | -0.13% |
According to 3 Wall Street analysts, Merit Medical Systems's projected average Quarter EPS for Sep 23 is $0.65, with a low estimate of $0.65 and a high estimate of $0.65. This represents a 84.90% increase compared to MMSI previous annual EPS of $0.35 (Jun 23).
Merit Medical Systems Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| COO | Cooper Companies | $99.48 | $298.00 | 199.56% | Buy |
| ANGO | AngioDynamics | $6.88 | $15.00 | 118.02% | Buy |
| XRAY | DENTSPLY SIRONA | $18.46 | $40.00 | 116.68% | Hold |
| TFX | Teleflex | $194.43 | $304.36 | 56.54% | Buy |
| HAE | Haemonetics | $88.17 | $108.25 | 22.77% | Buy |
| WST | West Pharmaceutical Services | $307.21 | $345.33 | 12.41% | Buy |
| NVST | Envista | $20.61 | $23.11 | 12.13% | Hold |
| ALC | Alcon | $85.81 | $93.89 | 9.42% | Buy |
| ICUI | ICU Medical | $169.98 | $172.00 | 1.19% | Buy |
| MMSI | Merit Medical Systems | $103.94 | $100.78 | -3.04% | Buy |
| RMD | ResMed | $239.42 | $219.13 | -8.47% | Hold |
| ATR | AptarGroup | $166.69 | $138.00 | -17.21% | Buy |