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Penumbra Inc has a consensus price target of $266.71 based on the ratings of 18 analysts. The high is $376 issued by Deutsche Bank on June 26, 2023. The low is $210 issued by Morgan Stanley on July 15, 2024. The 3 most-recent analyst ratings were released by Truist Securities, Oppenheimer, and Citigroup on December 18, 2024, December 17, 2024, and December 11, 2024, respectively. With an average price target of $268.33 between Truist Securities, Oppenheimer, and Citigroup, there's an implied 11.72% upside for Penumbra Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Penumbra (NYSE:PEN) was reported by Truist Securities on December 18, 2024. The analyst firm set a price target for $285.00 expecting PEN to rise to within 12 months (a possible 18.66% upside). 45 analyst firms have reported ratings in the last year.
The latest analyst rating for Penumbra (NYSE:PEN) was provided by Truist Securities, and Penumbra maintained their buy rating.
The last upgrade for Penumbra Inc happened on December 11, 2024 when Wells Fargo raised their price target to $275. Wells Fargo previously had an equal-weight for Penumbra Inc.
The last downgrade for Penumbra Inc happened on July 31, 2024 when Wells Fargo changed their price target from $289 to $150 for Penumbra Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Penumbra, 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 Penumbra was filed on December 18, 2024 so you should expect the next rating to be made available sometime around December 18, 2025.
While ratings are subjective and will change, the latest Penumbra (PEN) rating was a maintained with a price target of $240.00 to $285.00. The current price Penumbra (PEN) is trading at is $240.19, which is within the analyst’s predicted range.
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