Performant Financial (PFMT) Stock Forecast, Price Target & Predictions
PFMT Stock Forecast
Performant Financial stock forecast is as follows: an average price target of $8.00 (represents a 173.97% upside from PFMT’s last price of $2.92) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
PFMT Price Target
The average price target for Performant Financial (PFMT) is $8.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $8.00. This represents a potential 173.97% upside from PFMT's last price of $2.92.
PFMT Analyst Ratings
According to 3 Wall Street analysts, Performant Financial's rating consensus is 'Buy'. The analyst rating breakdown for PFMT stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Performant Financial Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 04, 2024 | Kyle Bauser | New Street | $8.00 | $3.56 | 124.72% | 173.97% |
| Sep 06, 2024 | Kyle Bauser | B.Riley Financial | $8.00 | $3.60 | 122.22% | 173.97% |
The latest Performant Financial stock forecast, released on Oct 04, 2024 by Kyle Bauser from New Street, set a price target of $8.00, which represents a 124.72% increase from the stock price at the time of the forecast ($3.56), and a 173.97% increase from PFMT last price ($2.92).
Performant Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $8.00 | $8.00 |
| Last Closing Price | $2.92 | $2.92 | $2.92 |
| Upside/Downside | -100.00% | 173.97% | 173.97% |
In the current month, the average price target of Performant Financial stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Performant Financial's last price of $2.92. 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 04, 2024 | B.Riley Financial | Buy | Buy | Hold |
| Sep 06, 2024 | B.Riley Financial | Buy | Buy | Hold |
| Jul 24, 2024 | B. Riley | - | Buy | Initialise |
| Oct 31, 2022 | Craig-Hallum | Buy | Buy | Hold |
Performant Financial's last stock rating was published by B.Riley Financial on Oct 04, 2024. The company gave PFMT a "Buy" rating, the same as its previous rate.
Performant Financial Financial Forecast
Performant Financial Revenue Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $29.96M | $25.48M | $25.73M | $29.24M | $27.18M | $25.68M | $27.08M | $31.58M | $28.58M | $32.84M | $31.39M | $40.04M | $36.23M | $33.78M | $45.89M | $43.82M | $35.90M | $35.83M | $34.88M | $57.02M | $33.11M |
| Avg Forecast | $38.62M | $34.68M | $32.03M | $29.15M | $34.15M | $31.59M | $28.17M | $25.84M | $31.60M | $27.87M | $26.67M | $26.45M | $29.90M | $26.59M | $24.19M | $22.64M | $29.81M | $28.30M | $29.36M | $47.70M | $49.10M | $44.80M | $42.10M | $38.80M | $40.80M | $39.60M | $36.20M | $33.50M | $71.28M | $8.28M |
| High Forecast | $38.99M | $35.02M | $32.35M | $29.43M | $34.48M | $31.59M | $28.44M | $25.84M | $31.88M | $28.15M | $26.93M | $26.71M | $30.19M | $26.59M | $24.19M | $22.64M | $29.81M | $28.30M | $29.36M | $47.70M | $49.10M | $44.80M | $42.10M | $38.80M | $40.80M | $39.60M | $36.20M | $33.50M | $85.53M | $9.93M |
| Low Forecast | $38.22M | $34.33M | $31.71M | $28.85M | $33.80M | $31.59M | $27.88M | $25.84M | $31.31M | $27.59M | $26.40M | $26.19M | $29.60M | $26.59M | $24.19M | $22.64M | $29.81M | $28.30M | $29.36M | $47.70M | $49.10M | $44.80M | $42.10M | $38.80M | $40.80M | $39.60M | $36.20M | $33.50M | $57.02M | $6.62M |
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.07% | 0.96% | 0.97% | 0.98% | 1.02% | 1.06% | 1.20% | 1.06% | 1.01% | 1.12% | 0.66% | 0.82% | 0.81% | 0.80% | 1.18% | 1.07% | 0.91% | 0.99% | 1.04% | 0.80% | 4.00% |
Performant Financial's average Quarter revenue forecast for Dec 23 based on 2 analysts is $31.60M, with a low forecast of $31.31M, and a high forecast of $31.88M. PFMT's average Quarter revenue forecast represents a 5.47% increase compared to the company's last Quarter revenue of $29.96M (Sep 23).
Performant Financial EBITDA Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | $2.34M | $-650.00K | $-3.60M | $-1.28M | $204.00K | $-966.00K | $-2.03M | $90.00K | $4.51M | $1.94M | $3.17M | $-1.53M | $4.75M | $3.79M | $-3.49M | $-11.99M | $192.00K | $-3.09M | $-1.38M | $-4.21M | $14.80M | $1.75M |
| Avg Forecast | $-350.19K | $-314.51K | $-290.49K | $-264.32K | $-309.67K | $-286.50K | $-255.45K | $123.92K | $-286.57K | $-252.77K | $-241.90K | $132.54K | $6.79M | $850.66K | $773.85K | $141.75K | $953.79K | $905.43K | $4.99M | $1.53M | $1.57M | $1.43M | $1.35M | $-28.78M | $1.31M | $1.27M | $1.16M | $-2.32M | $17.76M | $264.81K |
| High Forecast | $-346.65K | $-311.33K | $-287.55K | $-261.64K | $-306.54K | $-286.50K | $-252.86K | $148.71K | $-283.94K | $-250.21K | $-239.45K | $159.04K | $8.15M | $850.66K | $773.85K | $170.10K | $953.79K | $905.43K | $5.99M | $1.53M | $1.57M | $1.43M | $1.35M | $-23.02M | $1.31M | $1.27M | $1.16M | $-1.85M | $21.31M | $317.78K |
| Low Forecast | $-353.62K | $-317.59K | $-293.33K | $-266.90K | $-312.70K | $-286.50K | $-257.94K | $99.14K | $-289.11K | $-255.24K | $-244.26K | $106.03K | $5.43M | $850.66K | $773.85K | $113.40K | $953.79K | $905.43K | $3.99M | $1.53M | $1.57M | $1.43M | $1.35M | $-34.54M | $1.31M | $1.27M | $1.16M | $-2.78M | $14.21M | $211.85K |
| Surprise % | - | - | - | - | - | - | - | - | -8.17% | 2.57% | 14.89% | -9.65% | 0.03% | -1.14% | -2.63% | 0.63% | 4.73% | 2.14% | 0.63% | -1.00% | 3.03% | 2.64% | -2.59% | 0.42% | 0.15% | -2.44% | -1.19% | 1.82% | 0.83% | 6.59% |
1 analysts predict PFMT's average Quarter EBITDA for Mar 24 to be $123.92K, with a high of $148.71K and a low of $99.14K. This is -94.71% lower than Performant Financial's previous annual EBITDA (Dec 23) of $2.34M.
Performant Financial Net Income Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 16 |
| Net Income | - | - | - | - | - | - | - | - | $2.34M | $-580.00K | $-3.97M | $-4.22M | $-235.00K | $-1.46M | $-3.17M | $-1.67M | $-2.64M | $-1.69M | $-1.52M | $-4.44M | $3.72M | $1.97M | $-7.20M | $-12.48M | $-3.86M | $-8.07M | $-6.40M | $-8.49M | $8.46M | $-2.96M |
| Avg Forecast | $2.33M | $518.35K | $-1.04M | $-2.59M | $259.13K | $-1.04M | $-2.85M | $-2.30M | $1.55M | $-1.17M | $-3.11M | $-2.46M | $1.85M | $-2.31M | $-4.23M | $-2.63M | $-769.75K | $-5.00M | $-2.40M | $769.75K | $3.08M | $769.75K | $-1.54M | $-29.96M | $-769.75K | $-7.70M | $-7.70M | $-4.67M | $10.15M | $-15.98M |
| High Forecast | $2.36M | $524.93K | $-1.02M | $-2.56M | $262.43K | $-1.02M | $-2.81M | $-1.84M | $1.57M | $-1.15M | $-3.07M | $-1.97M | $2.22M | $-2.31M | $-4.23M | $-2.11M | $-769.75K | $-5.00M | $-1.92M | $769.75K | $3.08M | $769.75K | $-1.54M | $-23.97M | $-769.75K | $-7.70M | $-7.70M | $-3.74M | $12.18M | $-12.78M |
| Low Forecast | $2.30M | $511.52K | $-1.05M | $-2.62M | $255.72K | $-1.05M | $-2.89M | $-2.76M | $1.53M | $-1.18M | $-3.15M | $-2.96M | $1.48M | $-2.31M | $-4.23M | $-3.16M | $-769.75K | $-5.00M | $-2.88M | $769.75K | $3.08M | $769.75K | $-1.54M | $-35.95M | $-769.75K | $-7.70M | $-7.70M | $-5.60M | $8.12M | $-19.17M |
| Surprise % | - | - | - | - | - | - | - | - | 1.51% | 0.50% | 1.28% | 1.71% | -0.13% | 0.63% | 0.75% | 0.63% | 3.42% | 0.34% | 0.63% | -5.77% | 1.21% | 2.56% | 4.68% | 0.42% | 5.02% | 1.05% | 0.83% | 1.82% | 0.83% | 0.19% |
Performant Financial's average Quarter net income forecast for Mar 24 is $-2.30M, with a range of $-2.76M to $-1.84M. PFMT's average Quarter net income forecast represents a -198.36% decrease compared to the company's last Quarter net income of $2.34M (Dec 23).
Performant Financial SG&A Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $22.45M | $22.21M | $21.76M | $20.90M | $20.44M | $20.37M | $19.69M | $23.30M | $24.09M | $26.16M | $23.52M | $22.17M | $28.80M | $28.38M | $28.77M | $28.93M | $29.12M | $21.78M | $20.70M |
| Avg Forecast | $28.50M | $25.60M | $23.64M | $21.51M | $25.21M | $23.32M | $20.79M | $19.07M | $23.33M | $20.57M | $19.69M | $19.53M | $17.27M | $19.63M | $17.85M | $16.71M | $22.01M | $20.89M | $21.67M | $35.21M | $36.24M | $33.07M | $31.08M | $28.64M | $30.12M | $29.23M | $26.72M | $16.01M | $26.14M | $6.11M |
| High Forecast | $28.78M | $25.85M | $23.88M | $21.72M | $25.45M | $23.32M | $21.00M | $19.07M | $23.53M | $20.78M | $19.88M | $19.72M | $20.73M | $19.63M | $17.85M | $16.71M | $22.01M | $20.89M | $21.67M | $35.21M | $36.24M | $33.07M | $31.08M | $28.64M | $30.12M | $29.23M | $26.72M | $19.22M | $31.36M | $7.33M |
| Low Forecast | $28.22M | $25.34M | $23.40M | $21.30M | $24.95M | $23.32M | $20.58M | $19.07M | $23.11M | $20.37M | $19.49M | $19.33M | $13.82M | $19.63M | $17.85M | $16.71M | $22.01M | $20.89M | $21.67M | $35.21M | $36.24M | $33.07M | $31.08M | $28.64M | $30.12M | $29.23M | $26.72M | $12.81M | $20.91M | $4.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.29% | 1.11% | 1.17% | 1.22% | 0.93% | 0.94% | 1.08% | 0.68% | 0.72% | 0.71% | 0.71% | 1.01% | 0.94% | 0.98% | 1.08% | 1.82% | 0.83% | 3.39% |
Performant Financial's average Quarter SG&A projection for Jun 23 is $19.69M, based on 1 Wall Street analysts, with a range of $19.49M to $19.88M. The forecast indicates a -12.29% fall compared to PFMT last annual SG&A of $22.45M (Mar 23).
Performant Financial EPS Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 16 |
| EPS | - | - | - | - | - | - | - | - | $0.03 | $-0.01 | $-0.05 | $-0.06 | $-0.00 | $-0.02 | $-0.04 | $-0.02 | $-0.04 | $-0.03 | $-0.03 | $-0.08 | $0.07 | $0.04 | $-0.13 | $-0.23 | $-0.07 | $-0.15 | $-0.12 | $-0.16 | $0.16 | $-0.06 |
| Avg Forecast | $0.03 | $0.01 | $-0.01 | $-0.03 | - | $-0.01 | $-0.04 | $-0.06 | $0.02 | $-0.01 | $-0.04 | $-0.04 | $-0.01 | $-0.03 | $-0.06 | $-0.07 | $-0.01 | $-0.07 | $-0.04 | $0.01 | $0.04 | $0.01 | $-0.02 | $-0.05 | $-0.01 | $-0.10 | $-0.10 | $-0.10 | $-0.12 | $0.05 |
| High Forecast | $0.03 | $0.01 | $-0.01 | $-0.03 | - | $-0.01 | $-0.04 | $-0.06 | $0.02 | $-0.01 | $-0.04 | $-0.04 | $-0.01 | $-0.03 | $-0.06 | $-0.07 | $-0.01 | $-0.07 | $-0.04 | $0.01 | $0.04 | $0.01 | $-0.02 | $-0.05 | $-0.01 | $-0.10 | $-0.10 | $-0.10 | $-0.10 | $0.06 |
| Low Forecast | $0.03 | $0.01 | $-0.01 | $-0.03 | - | $-0.01 | $-0.04 | $-0.06 | $0.02 | $-0.02 | $-0.04 | $-0.05 | $-0.01 | $-0.03 | $-0.06 | $-0.07 | $-0.01 | $-0.07 | $-0.04 | $0.01 | $0.04 | $0.01 | $-0.02 | $-0.05 | $-0.01 | $-0.10 | $-0.10 | $-0.10 | $-0.14 | $0.04 |
| Surprise % | - | - | - | - | - | - | - | - | 1.51% | 0.51% | 1.31% | 1.24% | 0.32% | 0.66% | 0.78% | 0.34% | 3.81% | 0.46% | 0.67% | -8.00% | 1.75% | 4.00% | 6.50% | 4.60% | 7.00% | 1.50% | 1.20% | 1.60% | -1.33% | -1.20% |
According to 1 Wall Street analysts, Performant Financial's projected average Quarter EPS for Mar 24 is $-0.06, with a low estimate of $-0.06 and a high estimate of $-0.06. This represents a -298.02% decrease compared to PFMT previous annual EPS of $0.03 (Dec 23).