Merit Medical Sees 26.8% Upside to $104.27 Mean Price Target
Merit Medical has a mean analyst price target of $104.27 on 11 estimates, implying a 26.8% rally from its current level around $82.22. Standard deviation of $9.12 reflects tight clustering and recent upward EPS estimate revisions of 0.2% in the past month alongside a Zacks Rank #2 sell-side outlook.
1. Price Target Consensus and Upside Potential
Analysts have set a mean price target of $104.27 based on 11 estimates, suggesting a 26.8% increase from the current $82.22 level, with the lowest target at $90.00 (9.5% upside) and the highest at $122.00 (48.4% upside).
2. Standard Deviation Reflects Analyst Agreement
The standard deviation of $9.12 underscores relatively tight clustering of short-term price targets, indicating strong consensus among analysts regarding the stock’s near-term trajectory.
3. Earnings Estimate Revisions and Zacks Ranking
Over the past 30 days, two upward EPS revisions drove a 0.2% increase in the Zacks Consensus Estimate for the current year, and the company holds a Zacks Rank #2 (Buy), placing it in the top 20% of ranked stocks for earnings estimate trends.