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NASDAQ: CTKB
Cytek Biosciences Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CTKB

Based on 3 analysts offering 12 month price targets for Cytek Biosciences Inc.
Min Forecast
$14.00+65.88%
Avg Forecast
$14.33+69.82%
Max Forecast
$15.00+77.73%

Should I buy or sell CTKB stock?

Based on 3 analysts offering ratings for Cytek Biosciences Inc.
Strong Buy
Strong Buy
2 analysts 66.67%
Buy
0 analysts 0%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CTKB stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Piper Sandler
Top 12%
89
Strong BuyMaintains$15.00+77.73%2023-03-07
Morgan Stanley
Bottom 9%
9
HoldMaintains$14.00+65.88%2023-03-02
Goldman Sachs
Bottom 5%
5
Strong BuyMaintains$14.00+65.88%2023-03-02
Anonymous
Goldman Sachs
Strong BuyMaintains$15.00+77.73%2022-07-14

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Forecast return on equity

Is CTKB forecast to generate an efficient return?
Company
7.01%
Industry
20.21%
Market
51.53%
CTKB's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CTKB forecast to generate an efficient return on assets?
Company
5.74%
Industry
10.26%
CTKB is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CTKB earnings per share forecast

What is CTKB's earnings per share in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$0.15+650%
Avg 2 year Forecast
$0.22+1,000%
CTKB's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CTKB revenue forecast

What is CTKB's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$220.2M+34.23%
Avg 2 year Forecast
$276.8M+68.76%
CTKB's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CTKB earnings growth forecast

How is CTKB forecast to perform vs Medical Devices companies and vs the US market?
Company
650%
Industry
154.17%
Market
77.86%
CTKB's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CTKB's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CTKB's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CTKB revenue growth forecast

How is CTKB forecast to perform vs Medical Devices companies and vs the US market?
Company
34.23%
Industry
90.93%
Market
25.31%
CTKB's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CTKB's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CTKB vs Medical Device Stocks

TickerPricePrice TargetUp/downsideConsensus
CTKB$8.44$14.33+69.82%Strong Buy
NVRO$32.46$51.39+58.30%Hold
KIDS$41.88$55.00+31.33%Strong Buy
AVNS$28.57$30.00+5.01%Hold
PRCT$29.69$47.50+59.99%Buy
View Top Medical Device Stocks

Cytek Biosciences Stock Forecast FAQ

Is Cytek Biosciences Stock a good buy in 2023, according to Wall Street analysts?

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

Out of 3 analysts, 2 (66.67%) are recommending CTKB as a Strong Buy, 0 (0%) are recommending CTKB as a Buy, 1 (33.33%) are recommending CTKB as a Hold, 0 (0%) are recommending CTKB as a Sell, and 0 (0%) are recommending CTKB as a Strong Sell.

If you're new to stock investing, here's how to buy Cytek Biosciences stock.

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

(NASDAQ: CTKB) Cytek Biosciences's forecast annual earnings growth rate of 650% is forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 154.17%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 77.86%.

Cytek Biosciences's earnings in 2023 is $2,576,000.On average, 2 Wall Street analysts forecast CTKB's earnings for 2023 to be $20,314,594, with the lowest CTKB earnings forecast at $10,834,450, and the highest CTKB earnings forecast at $29,794,737.

In 2024, CTKB is forecast to generate $29,794,737 in earnings, with the lowest earnings forecast at $13,543,062 and the highest earnings forecast at $44,692,106.

What is CTKB's revenue growth forecast for 2023-2024?

(NASDAQ: CTKB) Cytek Biosciences's forecast annual revenue growth rate of 34.23% is not forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 90.93%, and while it is forecast to beat the US market's average forecast revenue growth rate of 25.31%.

Cytek Biosciences's revenue in 2023 is $164,036,000.On average, 2 Wall Street analysts forecast CTKB's revenue for 2023 to be $29,820,062,807, with the lowest CTKB revenue forecast at $29,574,527,085, and the highest CTKB revenue forecast at $30,065,598,528.

In 2024, CTKB is forecast to generate $37,490,040,766 in revenue, with the lowest revenue forecast at $35,970,373,734 and the highest revenue forecast at $39,009,707,798.

What is CTKB's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: CTKB) forecast ROA is 5.74%, which is lower than the forecast US Medical Devices industry average of 10.26%.

What is CTKB's Price Target?

According to 3 Wall Street analysts that have issued a 1 year CTKB price target, the average CTKB price target is $14.33, with the highest CTKB stock price forecast at $15.00 and the lowest CTKB stock price forecast at $14.00.

On average, Wall Street analysts predict that Cytek Biosciences's share price could reach $14.33 by Mar 7, 2024. The average Cytek Biosciences stock price prediction forecasts a potential upside of 69.82% from the current CTKB share price of $8.44.

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

(NASDAQ: CTKB) Cytek Biosciences's current Earnings Per Share (EPS) is $0.02. On average, analysts forecast that CTKB's EPS will be $0.15 for 2023, with the lowest EPS forecast at $0.08, and the highest EPS forecast at $0.22. In 2024, CTKB's EPS is forecast to hit $0.22 (min: $0.10, max: $0.33).

What is CTKB's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: CTKB) forecast ROE is 7.01%, which is considered weak.
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