$95.27
0.02% yesterday
Nasdaq, Oct 17, 10:00 pm CET
ISIN
US5898891040
Symbol
MMSI

Merit Medical Systems, Inc. Target price 2024 - Analyst rating & recommendation

Merit Medical Systems, Inc. Classifications & Recommendation:

Buy
75%
Hold
25%

Merit Medical Systems, Inc. Price Target

Target Price $108.91
Price $95.27
Potential
Number of Estimates 11
11 Analysts have issued a price target Merit Medical Systems, Inc. 2025 . The average Merit Medical Systems, Inc. target price is $108.91. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 12 analysts: 9 Analysts recommend Merit Medical Systems, Inc. to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Merit Medical Systems, Inc. stock has an average upside potential 2025 of . Most analysts recommend the Merit Medical Systems, Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.25 1.34
9.23% 7.18%
EBITDA Margin 17.81% 22.39%
6.93% 25.71%
Net Margin 7.52% 9.15%
14.97% 21.65%

11 Analysts have issued a sales forecast Merit Medical Systems, Inc. 2024 . The average Merit Medical Systems, Inc. sales estimate is

$1.3b
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. This is
3.46% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.3b 3.75%
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, the lowest is
$1.3b 3.22%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.3b 9.23%
2024
$1.3b 7.18%
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2025
$1.4b 7.75%
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2026
$1.5b 5.43%
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2027
$1.7b 9.93%
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2028
$1.8b 6.97%
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6 Analysts have issued an Merit Medical Systems, Inc. EBITDA forecast 2024. The average Merit Medical Systems, Inc. EBITDA estimate is

$301m
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. This is
15.29% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$339m 29.85%
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, the lowest is
$279m 7.04%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $223m 16.80%
2024
$301m 34.72%
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2025
$340m 13.22%
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2026
$377m 10.84%
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2027
$387m 2.52%
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2028
$413m 6.77%
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EBITDA Margin

2023 17.81% 6.93%
2024
22.39% 25.71%
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2025
23.52% 5.05%
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2026
24.73% 5.14%
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2027
23.06% 6.75%
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2028
23.02% 0.17%
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6 Merit Medical Systems, Inc. Analysts have issued a net profit forecast 2024. The average Merit Medical Systems, Inc. net profit estimate is

$123m
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. This is
5.14% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$134m 14.93%
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, the lowest is
$114m 2.49%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $94.3m 25.58%
2024
$123m 30.45%
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2025
$148m 20.74%
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2026
$175m 17.77%
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2027
$184m 5.49%
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2028
$197m 6.94%
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Net Margin

2023 7.52% 14.97%
2024
9.15% 21.65%
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2025
10.26% 12.13%
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2026
11.46% 11.70%
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2027
11.00% 4.01%
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2028
10.99% 0.09%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.62 2.11
25.58% 30.25%
P/E 45.08
EV/Sales 4.30

6 Analysts have issued a Merit Medical Systems, Inc. forecast for earnings per share. The average Merit Medical Systems, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$2.11
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. This is
4.98% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.31 14.93%
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, the lowest is
$1.96 2.49%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.62 25.58%
2024
$2.11 30.25%
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2025
$2.55 20.85%
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2026
$3.01 18.04%
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2027
$3.17 5.32%
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2028
$3.39 6.94%
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P/E ratio

Current 47.49 13.42%
2024
45.08 5.07%
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2025
37.34 17.17%
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2026
31.70 15.10%
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2027
30.05 5.21%
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2028
28.10 6.49%
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Based on analysts' sales estimates for 2024, the Merit Medical Systems, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.45 30.88%
2024
4.30 3.34%
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2025
3.99 7.20%
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2026
3.79 5.15%
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2027
3.44 9.03%
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2028
3.22 6.52%
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P/S ratio

Current 4.27 36.73%
2024
4.13 3.35%
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2025
3.83 7.19%
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2026
3.63 5.15%
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2027
3.31 9.03%
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2028
3.09 6.52%
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