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NASDAQ: SLGC
Somalogic Inc Stock Forecast, Predictions & Price Target

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Analyst price target for SLGC

Based on 4 analysts offering 12 month price targets for Somalogic Inc.
Min Forecast
$9.00+179.5%
Avg Forecast
$13.00+303.73%
Max Forecast
$16.00+396.89%

Should I buy or sell SLGC stock?

Based on 4 analysts offering ratings for Somalogic Inc.
Strong Buy
Strong Buy
3 analysts 75%
Buy
1 analysts 25%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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SLGC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Cowen & Co.
Top 20%
81
BuyMaintains$9.00+179.50%2022-08-16
Canaccord Genuity
Bottom 1%
1
Strong BuyMaintains$15.00+365.84%2022-05-13
Stifel Nicolaus
Top 9%
92
Strong BuyInitiates Coverage On$12.00+272.67%2022-02-01
Jefferies
Top 13%
88
Strong BuyInitiates Coverage On$16.00+396.89%2021-12-10

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Forecast return on equity

Is SLGC forecast to generate an efficient return?
Company
-9.06%
Industry
11.69%
Market
122.06%
SLGC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is SLGC forecast to generate an efficient return on assets?
Company
-8.02%
Industry
8.69%
SLGC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

SLGC earnings per share forecast

What is SLGC's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
-$0.50
Avg 2 year Forecast
-$0.56
Avg 3 year Forecast
-$0.41

SLGC revenue forecast

What is SLGC's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$82.1M+2.42%
Avg 2 year Forecast
$114.5M+42.93%
Avg 3 year Forecast
$153.7M+91.8%
SLGC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

SLGC revenue growth forecast

How is SLGC forecast to perform vs Health Information Services companies and vs the US market?
Company
23.94%
Industry
16.46%
Market
8.53%
SLGC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
SLGC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

SLGC vs Health Information Service Stocks

TickerPricePrice TargetUp/downsideConsensus
SLGC$3.22$13.00+303.73%Strong Buy
HCAT$10.59$22.50+112.46%Strong Buy
CMAX$7.10$11.25+58.45%Buy
HSTM$21.53$24.00+11.47%Buy
HLTH$3.30$13.67+314.15%Buy

Somalogic Stock Forecast FAQ

Is Somalogic Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NASDAQ: SLGC) stock is to Strong Buy SLGC stock.

Out of 4 analysts, 3 (75%) are recommending SLGC as a Strong Buy, 1 (25%) are recommending SLGC as a Buy, 0 (0%) are recommending SLGC as a Hold, 0 (0%) are recommending SLGC as a Sell, and 0 (0%) are recommending SLGC as a Strong Sell.

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

What is SLGC's earnings growth forecast for 2022-2024?

(NASDAQ: SLGC) Somalogic's forecast annual earnings growth rate of N/A is not forecast to beat the US Health Information Services industry's average forecast earnings growth rate of 9.08%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.88%.

Somalogic's earnings in 2022 is -$91,690,000.On average, 2 Wall Street analysts forecast SLGC's earnings for 2022 to be -$91,726,674, with the lowest SLGC earnings forecast at -$93,561,207, and the highest SLGC earnings forecast at -$91,726,674. On average, 3 Wall Street analysts forecast SLGC's earnings for 2023 to be -$102,733,874, with the lowest SLGC earnings forecast at -$117,410,142, and the highest SLGC earnings forecast at -$78,884,939.

In 2024, SLGC is forecast to generate -$75,215,872 in earnings, with the lowest earnings forecast at -$82,554,006 and the highest earnings forecast at -$67,877,738.

What is SLGC's revenue growth forecast for 2022-2024?

(NASDAQ: SLGC) Somalogic's forecast annual revenue growth rate of 23.94% is forecast to beat the US Health Information Services industry's average forecast revenue growth rate of 16.46%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.53%.

Somalogic's revenue in 2022 is $80,110,000.On average, 2 Wall Street analysts forecast SLGC's revenue for 2022 to be $15,052,347,121, with the lowest SLGC revenue forecast at $14,786,339,768, and the highest SLGC revenue forecast at $15,318,354,475. On average, 2 Wall Street analysts forecast SLGC's revenue for 2023 to be $21,005,408,232, with the lowest SLGC revenue forecast at $19,794,616,141, and the highest SLGC revenue forecast at $22,216,200,322.

In 2024, SLGC is forecast to generate $28,187,606,767 in revenue, with the lowest revenue forecast at $27,499,656,715 and the highest revenue forecast at $28,875,556,818.

What is SLGC's forecast return on assets (ROA) for 2022-2025?

(NASDAQ: SLGC) forecast ROA is -8.02%, which is lower than the forecast US Health Information Services industry average of 8.69%.

What is SLGC's Price Target?

According to 4 Wall Street analysts that have issued a 1 year SLGC price target, the average SLGC price target is $13.00, with the highest SLGC stock price forecast at $16.00 and the lowest SLGC stock price forecast at $9.00.

On average, Wall Street analysts predict that Somalogic's share price could reach $13.00 by Aug 16, 2023. The average Somalogic stock price prediction forecasts a potential upside of 303.73% from the current SLGC share price of $3.22.

What is SLGC's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: SLGC) Somalogic's current Earnings Per Share (EPS) is -$0.33. On average, analysts forecast that SLGC's EPS will be -$0.50 for 2022, with the lowest EPS forecast at -$0.51, and the highest EPS forecast at -$0.50. On average, analysts forecast that SLGC's EPS will be -$0.56 for 2023, with the lowest EPS forecast at -$0.64, and the highest EPS forecast at -$0.43. In 2024, SLGC's EPS is forecast to hit -$0.41 (min: -$0.45, max: -$0.37).

What is SLGC's forecast return on equity (ROE) for 2022-2025?

(NASDAQ: SLGC) forecast ROE is -9.06%, which is considered weak.
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