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Cormedix Inc has a consensus price target of $15.33 based on the ratings of 6 analysts. The high is $19 issued by JMP Securities on April 9, 2024. The low is $9 issued by RBC Capital on August 15, 2024. The 3 most-recent analyst ratings were released by Needham, Truist Securities, and Rodman & Renshaw on October 31, 2024, October 22, 2024, and August 26, 2024, respectively. With an average price target of $16 between Needham, Truist Securities, and Rodman & Renshaw, there's an implied 54.37% upside for Cormedix Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cormedix (NASDAQ:CRMD) was reported by Needham on October 31, 2024. The analyst firm set a price target for $18.00 expecting CRMD to rise to within 12 months (a possible 73.66% upside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Cormedix (NASDAQ:CRMD) was provided by Needham, and Cormedix maintained their buy rating.
There is no last upgrade for Cormedix
There is no last downgrade for Cormedix.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cormedix, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cormedix was filed on October 31, 2024 so you should expect the next rating to be made available sometime around October 31, 2025.
While ratings are subjective and will change, the latest Cormedix (CRMD) rating was a maintained with a price target of $10.00 to $18.00. The current price Cormedix (CRMD) is trading at is $10.37, which is within the analyst’s predicted range.
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