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NASDAQ: TCMD
Tactile Systems Technology Inc Stock Forecast, Predictions & Price Target

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Analyst price target for TCMD

Based on 3 analysts offering 12 month price targets for Tactile Systems Technology Inc.
Min Forecast
$18.00+124.44%
Avg Forecast
$23.33+190.94%
Max Forecast
$27.00+236.66%

Should I buy or sell TCMD stock?

Based on 3 analysts offering ratings for Tactile Systems Technology Inc.
Strong Buy
Strong Buy
2 analysts 66.67%
Buy
1 analysts 33.33%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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TCMD stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Oppenheimer
Bottom 7%
7
BuyMaintains$18.00+124.44%2022-08-02
Piper Sandler
Bottom 33%
33
Strong BuyMaintains$25.00+211.72%2022-08-02
BTIG
Top 3%
98
Strong BuyMaintains$27.00+236.66%2022-07-18

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Forecast return on equity

Is TCMD forecast to generate an efficient return?
Company
5.29%
Industry
19.49%
Market
109.89%
TCMD's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is TCMD forecast to generate an efficient return on assets?
Company
2.55%
Industry
10.82%
TCMD is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

TCMD earnings per share forecast

What is TCMD's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
-$0.57
Avg 2 year Forecast
-$0.06
Avg 3 year Forecast
$0.30

TCMD revenue forecast

What is TCMD's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$239.1M+7.79%
Avg 2 year Forecast
$270.6M+21.99%
Avg 3 year Forecast
$316.9M+42.83%
TCMD's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

TCMD revenue growth forecast

How is TCMD forecast to perform vs Medical Devices companies and vs the US market?
Company
11.2%
Industry
4.65%
Market
8.28%
TCMD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
TCMD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

TCMD vs Medical Device Stocks

TickerPricePrice TargetUp/downsideConsensus
TCMD$8.02$23.33+190.94%Strong Buy
APYX$4.50$14.50+222.22%Strong Buy
RPID$3.49N/AN/AHold
QIPT$4.14$7.50+81.16%Strong Buy
CVRX$8.97$15.00+67.22%Buy

Tactile Systems Technology Stock Forecast FAQ

Is Tactile Systems Technology Stock a good buy in 2022, according to Wall Street analysts?

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

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

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

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

(NASDAQ: TCMD) Tactile Systems Technology's forecast annual earnings growth rate of N/A is not forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 26.35%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.69%.

Tactile Systems Technology's earnings in 2022 is -$31,058,000.On average, 3 Wall Street analysts forecast TCMD's earnings for 2022 to be -$11,475,286, with the lowest TCMD earnings forecast at -$15,099,061, and the highest TCMD earnings forecast at -$8,858,116. On average, 3 Wall Street analysts forecast TCMD's earnings for 2023 to be -$1,207,925, with the lowest TCMD earnings forecast at -$2,013,208, and the highest TCMD earnings forecast at -$603,962.

In 2024, TCMD is forecast to generate $6,039,624 in earnings, with the lowest earnings forecast at $6,039,624 and the highest earnings forecast at $6,039,624.

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

(NASDAQ: TCMD) Tactile Systems Technology's forecast annual revenue growth rate of 11.2% is forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 4.65%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.28%.

Tactile Systems Technology's revenue in 2022 is $221,848,000.On average, 3 Wall Street analysts forecast TCMD's revenue for 2022 to be $4,814,184,530, with the lowest TCMD revenue forecast at $4,799,488,110, and the highest TCMD revenue forecast at $4,833,712,648. On average, 3 Wall Street analysts forecast TCMD's revenue for 2023 to be $5,448,264,553, with the lowest TCMD revenue forecast at $5,335,001,465, and the highest TCMD revenue forecast at $5,578,197,003.

In 2024, TCMD is forecast to generate $6,379,051,186 in revenue, with the lowest revenue forecast at $6,379,051,186 and the highest revenue forecast at $6,379,051,186.

What is TCMD's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: TCMD) forecast ROA is 2.55%, which is lower than the forecast US Medical Devices industry average of 10.82%.

What is TCMD's Price Target?

According to 3 Wall Street analysts that have issued a 1 year TCMD price target, the average TCMD price target is $23.33, with the highest TCMD stock price forecast at $27.00 and the lowest TCMD stock price forecast at $18.00.

On average, Wall Street analysts predict that Tactile Systems Technology's share price could reach $23.33 by Aug 2, 2023. The average Tactile Systems Technology stock price prediction forecasts a potential upside of 190.94% from the current TCMD share price of $8.02.

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

(NASDAQ: TCMD) Tactile Systems Technology's current Earnings Per Share (EPS) is -$1.56. On average, analysts forecast that TCMD's EPS will be -$0.57 for 2022, with the lowest EPS forecast at -$0.75, and the highest EPS forecast at -$0.44. On average, analysts forecast that TCMD's EPS will be -$0.06 for 2023, with the lowest EPS forecast at -$0.10, and the highest EPS forecast at -$0.03. In 2024, TCMD's EPS is forecast to hit $0.30 (min: $0.30, max: $0.30).

What is TCMD's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: TCMD) forecast ROE is 5.29%, which is considered weak.
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