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Merit Medical Systems Inc has a consensus price target of $100.64 based on the ratings of 11 analysts. The high is $125 issued by Canaccord Genuity on July 2, 2024. The low is $70 issued by Canaccord Genuity on August 28, 2023. The 3 most-recent analyst ratings were released by Needham, Barrington Research, and Baird on October 31, 2024, respectively. With an average price target of $110.67 between Needham, Barrington Research, and Baird, there's an implied 4.50% upside for Merit Medical Systems Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Merit Medical Systems (NASDAQ:MMSI) was reported by Needham on October 31, 2024. The analyst firm set a price target for $109.00 expecting MMSI to rise to within 12 months (a possible 2.93% upside). 34 analyst firms have reported ratings in the last year.
The latest analyst rating for Merit Medical Systems (NASDAQ:MMSI) was provided by Needham, and Merit Medical Systems reiterated their buy rating.
The last upgrade for Merit Medical Systems Inc happened on December 21, 2023 when Canaccord Genuity raised their price target to $100. Canaccord Genuity previously had a hold for Merit Medical Systems Inc.
The last downgrade for Merit Medical Systems Inc happened on December 20, 2022 when Canaccord Genuity changed their price target from N/A to $72 for Merit Medical Systems Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Merit Medical Systems, 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 Merit Medical Systems 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 Merit Medical Systems (MMSI) rating was a reiterated with a price target of $109.00 to $109.00. The current price Merit Medical Systems (MMSI) is trading at is $105.90, which is out of the analyst’s predicted range.
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