Model N (MODN) Stock Forecast, Price Target & Predictions

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MODN Stock Forecast

Model N stock forecast is as follows: an average price target of $30.00 (represents a 0.00% downside from MODN’s last price of $30.00) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.

MODN Price Target

The average price target for Model N (MODN) is $30.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $30.00 to $30.00. This represents a potential 0.00% downside from MODN's last price of $30.00.

MODN Analyst Ratings

Hold

According to 5 Wall Street analysts, Model N's rating consensus is 'Hold'. The analyst rating breakdown for MODN stock is 0 'Strong Buy' (0.00%), 1 'Buy' (20.00%), 4 'Hold' (80.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Model N Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Apr 10, 2024	Craig Hettenbach	Morgan Stanley	$30.00	$29.70	1.01%	-
Apr 09, 2024	Chad Bennett	Craig-Hallum	$30.00	$29.82	0.60%	-
Apr 08, 2024	Joe Vruwink	Robert W. Baird	$30.00	$29.81	0.64%	-

The latest Model N stock forecast, released on Apr 10, 2024 by Craig Hettenbach from Morgan Stanley, set a price target of $30.00, which represents a 1.01% increase from the stock price at the time of the forecast ($29.70), and a 0.00% decrease from MODN last price ($30.00).

Model N Price Target by Period

	1M	3M	12M
# Anlaysts	-	3	3
Avg Price Target	-	$30.00	$30.00
Last Closing Price	$30.00	$30.00	$30.00
Upside/Downside	-100.00%	-	-

In the current month, the average price target of Model N stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Model N's last price of $30.00. 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
Apr 23, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
Apr 10, 2024	Morgan Stanley		Equal-Weight	Downgrade
Apr 09, 2024	Craig-Hallum		Hold	Downgrade
Apr 09, 2024	Needham		Hold	Downgrade
Nov 24, 2023	JMP Securities	Outperform	Outperform	Hold

Model N's last stock rating was published by RBC Capital on Apr 23, 2024. The company gave MODN a "Sector Perform" rating, the same as its previous rate.

Model N Financial Forecast

Model N Revenue Forecast

	Oct 26	Jul 26	Mar 26	Dec 25	Oct 25	Jul 25	Mar 25	Dec 24	Oct 24	Jul 24	Mar 24	Dec 23	Oct 23	Jul 23	Mar 23	Dec 22	Oct 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	Jun 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	$63.49M	-	-	$62.60M	$59.15M	-	-	$53.28M	$51.54M	$51.48M	$51.04M	$48.19M	$42.73M	$41.46M	$41.26M	$39.95M	$38.39M	$36.60M	$34.71M
Avg Forecast	$82.13M	$79.81M	$77.54M	$75.31M	$73.70M	$72.41M	$70.83M	$68.79M	$67.68M	$66.94M	$64.45M	$62.37M	$62.28M	$62.18M	$59.70M	$57.73M	$56.38M	$55.00M	$51.17M	$49.97M	$50.89M	$48.86M	$46.38M	$40.46M	$40.41M	$39.85M	$38.47M	$37.22M	$35.75M	$34.14M
High Forecast	$82.67M	$80.34M	$78.05M	$75.81M	$74.19M	$72.89M	$71.30M	$69.24M	$68.13M	$67.46M	$64.88M	$62.66M	$62.58M	$62.59M	$60.09M	$58.11M	$56.75M	$55.36M	$51.41M	$50.21M	$51.13M	$49.09M	$46.60M	$40.65M	$40.60M	$40.04M	$38.66M	$37.39M	$35.92M	$34.30M
Low Forecast	$81.91M	$79.60M	$77.34M	$75.11M	$73.50M	$72.22M	$70.64M	$68.60M	$67.50M	$66.46M	$64.28M	$62.25M	$62.12M	$62.01M	$59.54M	$57.57M	$56.23M	$54.85M	$50.84M	$49.65M	$50.56M	$48.54M	$46.08M	$40.19M	$40.15M	$39.59M	$38.22M	$36.97M	$35.52M	$33.92M
# Analysts	2	2	2	1	1	1	1	2	2	5	2	5	10	5	5	4	4	4	3	4	5	6	16	11	8	8	12	7	12	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.02%	-	-	1.05%	1.02%	-	-	1.04%	1.03%	1.01%	1.04%	1.04%	1.06%	1.03%	1.04%	1.04%	1.03%	1.02%	1.02%

Model N's average Quarter revenue forecast for Mar 24 based on 2 analysts is $64.45M, with a low forecast of $64.28M, and a high forecast of $64.88M. MODN's average Quarter revenue forecast represents a 1.52% increase compared to the company's last Quarter revenue of $63.49M (Dec 23).

Model N EBITDA Forecast

	Oct 26	Jul 26	Mar 26	Dec 25	Oct 25	Jul 25	Mar 25	Dec 24	Oct 24	Jul 24	Mar 24	Dec 23	Oct 23	Jul 23	Mar 23	Dec 22	Oct 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	Jun 19
# Analysts	2	2	2	1	1	1	1	2	2	5	2	5	10	5	5	4	4	4	3	4	5	6	16	11	8	8	12	7	12	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	$2.72M	-	-	$26.37M	$-1.21M	-	-	$-1.59M	$126.00K	$-209.00K	$-1.63M	$-4.68M	$5.02M	$1.35M	$1.14M	$-2.53M	$-994.00K	$-3.38M	$-427.00K
Avg Forecast	$-1.05M	$-1.02M	$-988.28K	$-959.85K	$-939.32K	$-922.87K	$-902.75K	$-876.66K	$-862.62K	$-853.16K	$-15.70M	$-794.92K	$-793.73K	$-792.48K	$-14.28M	$-735.74K	$-718.55K	$-2.46M	$-12.98M	$194.40K	$-313.50K	$-2.24M	$-11.80M	$2.94M	$660.49K	$625.90K	$-3.41M	$-1.09M	$-1.86M	$-1.54M
High Forecast	$-1.04M	$-1.01M	$-985.63K	$-957.27K	$-936.79K	$-920.39K	$-900.32K	$-874.30K	$-860.30K	$-847.02K	$-12.56M	$-793.39K	$-791.69K	$-790.35K	$-11.42M	$-733.76K	$-716.62K	$-1.97M	$-10.38M	$233.28K	$-250.80K	$-1.79M	$-9.44M	$3.53M	$792.59K	$751.08K	$-2.73M	$-874.72K	$-1.49M	$-1.23M
Low Forecast	$-1.05M	$-1.02M	$-994.78K	$-966.16K	$-945.49K	$-928.94K	$-908.68K	$-882.42K	$-868.29K	$-859.82K	$-18.84M	$-798.63K	$-797.55K	$-797.68K	$-17.13M	$-740.57K	$-723.27K	$-2.95M	$-15.57M	$155.52K	$-376.20K	$-2.69M	$-14.16M	$2.35M	$528.39K	$500.72K	$-4.09M	$-1.31M	$-2.23M	$-1.84M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-3.42%	-	-	-1.85%	1.65%	-	-	0.12%	0.65%	0.67%	0.73%	0.40%	1.71%	2.05%	1.82%	0.74%	0.91%	1.82%	0.28%

2 analysts predict MODN's average Quarter EBITDA for Mar 24 to be $-15.70M, with a high of $-12.56M and a low of $-18.84M. This is -678.20% lower than Model N's previous annual EBITDA (Dec 23) of $2.72M.

Model N Net Income Forecast

	Oct 26	Jul 26	Mar 26	Dec 25	Oct 25	Jul 25	Mar 25	Dec 24	Oct 24	Jul 24	Mar 24	Dec 23	Oct 23	Jul 23	Mar 23	Dec 22	Oct 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	Jun 19
# Analysts	2	2	2	1	1	1	1	2	2	5	2	5	10	5	5	4	4	4	3	4	5	6	16	11	8	8	12	7	12	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	$-1.80M	-	-	$-33.32M	$-4.05M	-	-	$-8.04M	$-6.27M	$-6.07M	$-7.83M	$-10.69M	$-5.15K	$-3.66M	$-2.38M	$-4.63M	$-3.00M	$-5.66M	$-3.00M
Avg Forecast	$22.36M	$21.57M	$20.40M	$19.61M	$15.86M	$15.24M	$13.34M	$13.29M	$14.07M	$14.02M	$-35.84M	$11.47M	$11.57M	$9.53M	$-32.58M	$8.46M	$7.51M	$-11.83M	$-29.62M	$-9.67M	$-9.10M	$-10.75M	$-26.93M	$-3.02K	$-1.79M	$-1.31M	$-6.25M	$-3.30M	$-3.11M	$-10.81M
High Forecast	$22.55M	$21.76M	$20.57M	$19.78M	$15.99M	$15.37M	$13.45M	$13.40M	$14.19M	$14.14M	$-28.67M	$11.86M	$12.37M	$9.61M	$-26.07M	$8.53M	$7.57M	$-9.46M	$-23.70M	$-7.73M	$-7.28M	$-8.60M	$-21.54M	$-2.42K	$-1.43M	$-1.05M	$-5.00M	$-2.64M	$-2.49M	$-8.65M
Low Forecast	$22.28M	$21.50M	$20.33M	$19.54M	$15.80M	$15.19M	$13.29M	$13.24M	$14.02M	$13.63M	$-43.01M	$11.43M	$11.17M	$9.50M	$-39.10M	$8.43M	$7.48M	$-14.20M	$-35.55M	$-11.60M	$-10.92M	$-12.91M	$-32.31M	$-3.62K	$-2.15M	$-1.57M	$-7.50M	$-3.96M	$-3.73M	$-12.98M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-0.16%	-	-	1.02%	-0.48%	-	-	0.27%	0.65%	0.67%	0.73%	0.40%	1.71%	2.05%	1.82%	0.74%	0.91%	1.82%	0.28%

Model N's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. MODN's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Model N SG&A Forecast

	Oct 26	Jul 26	Mar 26	Dec 25	Oct 25	Jul 25	Mar 25	Dec 24	Oct 24	Jul 24	Mar 24	Dec 23	Oct 23	Jul 23	Mar 23	Dec 22	Oct 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	Jun 19
# Analysts	2	2	2	1	1	1	1	2	2	5	2	5	10	5	5	4	4	4	3	4	5	6	16	11	8	8	12	7	12	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	$25.61M	-	-	$25.70M	$23.67M	-	-	$21.36M	$19.48M	$19.39M	$19.80M	$19.12M	$18.24M	$16.05M	$17.27M	$18.50M	$15.98M	$16.59M	$13.88M
Avg Forecast	$33.34M	$32.40M	$31.48M	$30.57M	$29.92M	$29.39M	$28.75M	$27.92M	$27.47M	$27.17M	$64.13M	$25.32M	$25.28M	$25.24M	$58.30M	$23.43M	$22.89M	$29.92M	$20.77M	$30.05M	$29.08M	$27.20M	$18.83M	$10.69M	$7.85M	$9.50M	$24.97M	$17.58M	$9.13M	$13.86M
High Forecast	$33.55M	$32.61M	$31.68M	$30.77M	$30.11M	$29.59M	$28.94M	$28.10M	$27.65M	$27.38M	$76.96M	$25.44M	$25.40M	$25.41M	$69.96M	$23.59M	$23.04M	$35.90M	$20.87M	$36.06M	$34.90M	$32.64M	$18.92M	$12.83M	$9.42M	$11.40M	$29.97M	$21.09M	$10.95M	$13.92M
Low Forecast	$33.25M	$32.31M	$31.39M	$30.49M	$29.84M	$29.31M	$28.67M	$27.85M	$27.40M	$26.98M	$51.31M	$25.27M	$25.21M	$25.17M	$46.64M	$23.37M	$22.82M	$23.93M	$20.64M	$24.04M	$23.26M	$21.76M	$18.70M	$8.55M	$6.28M	$7.60M	$19.98M	$14.06M	$7.30M	$13.77M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.01%	-	-	0.44%	1.01%	-	-	1.03%	0.65%	0.67%	0.73%	1.02%	1.71%	2.05%	1.82%	0.74%	0.91%	1.82%	1.00%

Model N's average Quarter SG&A projection for Mar 24 is $64.13M, based on 2 Wall Street analysts, with a range of $51.31M to $76.96M. The forecast indicates a 150.44% rise compared to MODN last annual SG&A of $25.61M (Dec 23).

Model N EPS Forecast

	Oct 26	Jul 26	Mar 26	Dec 25	Oct 25	Jul 25	Mar 25	Dec 24	Oct 24	Jul 24	Mar 24	Dec 23	Oct 23	Jul 23	Mar 23	Dec 22	Oct 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	Jun 19
# Analysts	2	2	2	1	1	1	1	2	2	5	2	5	10	5	5	4	4	4	3	4	5	6	16	11	8	8	12	7	12	7
EPS	-	-	-	-	-	-	-	-	-	-	-	$-0.05	-	-	$-0.88	$-0.11	-	-	$-0.22	$-0.17	$-0.17	$-0.22	$-0.30	$-0.00	$-0.11	$-0.07	$-0.14	$-0.09	$-0.17	$-0.09
Avg Forecast	$0.57	$0.55	$0.52	$0.50	$0.40	$0.39	$0.34	$0.34	$0.36	$0.36	$0.28	$0.29	$0.29	$0.24	$0.17	$0.22	$0.19	$0.14	$0.07	$0.08	$0.10	$0.02	$-0.05	$0.07	$0.09	$0.07	$0.02	$0.06	$0.08	$0.01
High Forecast	$0.57	$0.55	$0.52	$0.50	$0.41	$0.39	$0.34	$0.34	$0.36	$0.36	$0.28	$0.30	$0.32	$0.25	$0.17	$0.22	$0.19	$0.15	$0.07	$0.08	$0.10	$0.02	$-0.05	$0.07	$0.09	$0.07	$0.02	$0.06	$0.08	$0.01
Low Forecast	$0.57	$0.55	$0.52	$0.50	$0.40	$0.39	$0.34	$0.34	$0.36	$0.35	$0.28	$0.29	$0.28	$0.24	$0.17	$0.21	$0.19	$0.14	$0.07	$0.08	$0.10	$0.02	$-0.05	$0.07	$0.09	$0.07	$0.02	$0.06	$0.08	$0.01
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-0.16%	-	-	-5.18%	-0.51%	-	-	-3.20%	-2.03%	-1.72%	-12.37%	6.43%	-0.00%	-1.21%	-1.05%	-6.54%	-1.47%	-2.09%	-6.30%

According to undefined Wall Street analysts, Model N's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to MODN previous annual EPS of $NaN (undefined).

Model N Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ONTF	ON24	$6.68	$18.00	169.46%
CWAN	Clearwater Analytics	$29.55	$31.33	6.02%	Buy
MLNK	MeridianLink	$22.18	$22.75	2.57%	Buy
PRGS	Progress Software	$68.86	$70.20	1.95%	Buy
PYCR	Paycor HCM	$20.16	$18.25	-9.47%	Hold
EXFY	Expensify	$3.86	$2.50	-35.23%	Buy

MODN Forecast FAQ

Is Model N a good buy?

No, according to 5 Wall Street analysts, Model N (MODN) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 20.00% of MODN's total ratings.

What is MODN's price target?

Model N (MODN) average price target is $30 with a range of $30 to $30, implying a 0% from its last price of $30. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Model N stock go up soon?

According to Wall Street analysts' prediction for MODN stock, the company can go down by 0% (from the last price of $30 to the average price target of $30), down by 0% based on the highest stock price target, and down by 0% based on the lowest stock price target.

Can Model N stock reach $40?

MODN's average twelve months analyst stock price target of $30 does not support the claim that Model N can reach $40 in the near future.

Did the MODN's actual financial results beat the analysts' financial forecasts?

Based on Model N's last annual report (Sep 2021), the company's revenue was $193.44M, beating the average analysts forecast of $186.6M by 3.67%. Apple's EBITDA was $-6.652M, missing the average prediction of $-11.411M by -41.71%. The company's net income was $-29.737M, missing the average estimation of $-46.79M by -36.45%. Apple's SG&A was $76.55M, missing the average forecast of $85.79M by -10.77%. Lastly, the company's EPS was $-0.84, missing the average prediction of $0.138 by -710.29%. In terms of the last quarterly report (Dec 2023), Model N's revenue was $63.49M, beating the average analysts' forecast of $62.37M by 1.79%. The company's EBITDA was $2.72M, missing the average prediction of $-795K by -441.67%. Model N's net income was $-1.798M, missing the average estimation of $11.47M by -115.68%. The company's SG&A was $25.61M, beating the average forecast of $25.32M by 1.15%. Lastly, the company's EPS was $-0.0462, missing the average prediction of $0.292 by -115.80%