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Sound Point Meridian Capital, Inc. Common Stock

SPMCNYSE
Logo brought to you by Benzinga Data
$20.38
0.140.69%
At close: -
$20.48
0.100.49%
After Hours: Jan 16, 9:08 AM EDT
Consensus Rating1
Buy
Highest Price Target1
$22.50
Lowest Price Target1
$21.00
Consensus Price Target1
$21.75

Sound Point Meridian Capital, Inc. Common Stock (NYSE:SPMC) Stock, Analyst Ratings, Price Targets, Forecasts

Sound Point Meridian Capital, Inc. Common Stock has a consensus price target of $21.75 based on the ratings of 2 analysts. The high is $22.5 issued by B. Riley Securities on October 9, 2024. The low is $21 issued by Oppenheimer on July 9, 2024. The 2 most-recent analyst ratings were released by B. Riley Securities and Oppenheimer on October 9, 2024 and July 9, 2024, respectively. With an average price target of $21.75 between B. Riley Securities and Oppenheimer, there's an implied 6.89% upside for Sound Point Meridian Capital, Inc. Common Stock from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Oct 24
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
4.3
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

B. Riley Securities
Oppenheimer

1calculated from analyst ratings

Analyst Ratings for Sound Point Meridian Capital, Inc. Common Stock

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FAQ

Q

What is the target price for Sound Point Meridian Capital, Inc. Common Stock (SPMC) stock?

A

The latest price target for Sound Point Meridian Capital, Inc. Common Stock (NYSE:SPMC) was reported by B. Riley Securities on October 9, 2024. The analyst firm set a price target for $22.50 expecting SPMC to rise to within 12 months (a possible 9.86% upside). 2 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Sound Point Meridian Capital, Inc. Common Stock (SPMC)?

A

The latest analyst rating for Sound Point Meridian Capital, Inc. Common Stock (NYSE:SPMC) was provided by B. Riley Securities, and Sound Point Meridian Capital, Inc. Common Stock initiated their buy rating.

Q

When was the last upgrade for Sound Point Meridian Capital, Inc. Common Stock (SPMC)?

A

There is no last upgrade for Sound Point Meridian Capital, Inc. Common Stock

Q

When was the last downgrade for Sound Point Meridian Capital, Inc. Common Stock (SPMC)?

A

There is no last downgrade for Sound Point Meridian Capital, Inc. Common Stock.

Q

When is the next analyst rating going to be posted or updated for Sound Point Meridian Capital, Inc. Common Stock (SPMC)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sound Point Meridian Capital, Inc. Common Stock, 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 Sound Point Meridian Capital, Inc. Common Stock was filed on October 9, 2024 so you should expect the next rating to be made available sometime around October 9, 2025.

Q

Is the Analyst Rating Sound Point Meridian Capital, Inc. Common Stock (SPMC) correct?

A

While ratings are subjective and will change, the latest Sound Point Meridian Capital, Inc. Common Stock (SPMC) rating was a initiated with a price target of $0.00 to $22.50. The current price Sound Point Meridian Capital, Inc. Common Stock (SPMC) is trading at is $20.48, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.