Michael Matson analyst at Needham reiterates coverage on Conmed (CNMD) in the healthtech stock sector with a Buy rating. TipRanks.com has Matson rated as a 3.8 star analyst with a 48% return on investment and a 3.8% success rate. Matson has set a price target of $ 123.
TipRanks.com reports that Conmed stock currently has 4 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $120.25. The target pricing ranges from a high forecast of $123.00 down to a low forecast of $118.00. Conmed (CNMD) stock's last closing price was $98.46 which would put the average price target at 22.13% upside.
In addition, TradingView.com issued a Sell rating for CNMD over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on CNMD's stock.
Other analysts covering CNMD stock include:
- Rick Wise of Stifel Nicolaus issued a Buy rating with the price target of $ 120 on 5 days ago
- Robbie Marcus of J.P. Morgan issued a Buy rating with the price target of $ 120 on 5 days ago
- Matthew O'Brien of Piper Sandler issued a Buy rating with the price target of $ 118 on 5 days ago
- Travis Steed of Bank of America Securities issued a Hold rating with the price target of $ 155 on 5 months ago
Just a reminder, one resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals.
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