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NASDAQ: AVID
Avid Technology Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for AVID

Based on 3 analysts offering 12 month price targets for Avid Technology Inc.
Min Forecast
$28.00-13.07%
Avg Forecast
$38.00+17.98%
Max Forecast
$53.00+64.55%

Should I buy or sell AVID stock?

Based on 3 analysts offering ratings for Avid Technology Inc.
Buy
Strong Buy
1 analysts 33.33%
Buy
1 analysts 33.33%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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AVID stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Rosenblatt
Top 20%
81
HoldMaintains$28.00-13.07%2022-11-09
JP Morgan
Top 16%
85
Strong BuyInitiates Coverage On$33.00+2.45%2022-07-06
Northland Securities
Bottom 17%
17
BuyMaintains$53.00+64.55%2022-05-25

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Forecast return on equity

Is AVID forecast to generate an efficient return?
Company
N/A
Industry
7.27%
Market
13.26%

Forecast return on assets

Is AVID forecast to generate an efficient return on assets?
Company
N/A
Industry
4.23%

AVID earnings per share forecast

What is AVID's earnings per share in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$1.35+33.66%
Avg 2 year Forecast
$1.64+62.38%
AVID's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

AVID revenue forecast

What is AVID's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$472.7M+12.45%
Avg 2 year Forecast
$523.8M+24.6%
Avg 3 year Forecast
$491.0M+16.8%
AVID's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

AVID earnings growth forecast

How is AVID forecast to perform vs Electronic Gaming & Multimedia companies and vs the US market?
Company
24.09%
Industry
10.52%
Market
22.01%
AVID's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
AVID's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
AVID's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

AVID revenue growth forecast

How is AVID forecast to perform vs Electronic Gaming & Multimedia companies and vs the US market?
Company
7.13%
Industry
13.06%
Market
9.23%
AVID's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
AVID's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

AVID vs Gaming Stocks

TickerPricePrice TargetUp/downsideConsensus
AVID$32.21$38.00+17.98%Buy
SCPL$16.52$16.38-0.88%Buy
MYPS$4.55$3.75-17.58%Hold
NGMS$14.16$17.67+24.77%Buy
DDI$9.30$18.50+98.92%Strong Buy
View Top Gaming Stocks

Avid Technology Stock Forecast FAQ

Is Avid Technology Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NASDAQ: AVID) stock is to Buy AVID stock.

Out of 3 analysts, 1 (33.33%) are recommending AVID as a Strong Buy, 1 (33.33%) are recommending AVID as a Buy, 1 (33.33%) are recommending AVID as a Hold, 0 (0%) are recommending AVID as a Sell, and 0 (0%) are recommending AVID as a Strong Sell.

If you're new to stock investing, here's how to buy Avid Technology stock.

What is AVID's earnings growth forecast for 2023-2024?

(NASDAQ: AVID) Avid Technology's forecast annual earnings growth rate of 24.09% is forecast to beat the US Electronic Gaming & Multimedia industry's average forecast earnings growth rate of 10.52%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 22.01%.

Avid Technology's earnings in 2023 is $45,197,000.On average, 4 Wall Street analysts forecast AVID's earnings for 2023 to be $58,983,139, with the lowest AVID earnings forecast at $54,177,105, and the highest AVID earnings forecast at $63,789,172.

In 2024, AVID is forecast to generate $71,653,591 in earnings, with the lowest earnings forecast at $69,032,118 and the highest earnings forecast at $74,275,064.

What is AVID's revenue growth forecast for 2023-2025?

(NASDAQ: AVID) Avid Technology's forecast annual revenue growth rate of 7.13% is not forecast to beat the US Electronic Gaming & Multimedia industry's average forecast revenue growth rate of 13.06%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.23%.

Avid Technology's revenue in 2023 is $420,378,000.On average, 4 Wall Street analysts forecast AVID's revenue for 2023 to be $20,653,142,696, with the lowest AVID revenue forecast at $20,310,297,740, and the highest AVID revenue forecast at $21,000,618,921. On average, 2 Wall Street analysts forecast AVID's revenue for 2024 to be $22,884,802,525, with the lowest AVID revenue forecast at $22,516,267,135, and the highest AVID revenue forecast at $23,253,337,915.

In 2025, AVID is forecast to generate $21,452,386,074 in revenue, with the lowest revenue forecast at $21,452,386,074 and the highest revenue forecast at $21,452,386,074.

What is AVID's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: AVID) forecast ROA is N/A, which is lower than the forecast US Electronic Gaming & Multimedia industry average of 4.23%.

What is AVID's Price Target?

According to 3 Wall Street analysts that have issued a 1 year AVID price target, the average AVID price target is $38.00, with the highest AVID stock price forecast at $53.00 and the lowest AVID stock price forecast at $28.00.

On average, Wall Street analysts predict that Avid Technology's share price could reach $38.00 by Nov 9, 2023. The average Avid Technology stock price prediction forecasts a potential upside of 17.98% from the current AVID share price of $32.21.

What is AVID's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: AVID) Avid Technology's current Earnings Per Share (EPS) is $1.01. On average, analysts forecast that AVID's EPS will be $1.35 for 2023, with the lowest EPS forecast at $1.24, and the highest EPS forecast at $1.46. In 2024, AVID's EPS is forecast to hit $1.64 (min: $1.58, max: $1.70).

What is AVID's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: AVID) forecast ROE is N/A, which is considered weak.
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