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NYSE: GMED
Globus Medical Inc Stock Forecast, Predictions & Price Target

Analyst price target for GMED

Based on 6 analysts offering 12 month price targets for Globus Medical Inc.
Min Forecast
$53.00+3.41%
Avg Forecast
$63.00+22.93%
Max Forecast
$71.00+38.54%

Should I buy or sell GMED stock?

Based on 6 analysts offering ratings for Globus Medical Inc.
Buy
Strong Buy
3 analysts 50%
Buy
1 analysts 16.67%
Hold
2 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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GMED stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-18
lockedlocked$00.00+00.00%2024-02-21Find Out Why
lockedlocked$00.00+00.00%2024-02-21
lockedlocked$00.00+00.00%2024-01-11
lockedlocked$00.00+00.00%2023-12-20Find Out Why
Morgan Stanley
Bottom 11%
11
HoldMaintains$53.00+3.41%2023-11-14

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Forecast return on equity

Is GMED forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.81%

Forecast return on assets

Is GMED forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

GMED revenue forecast

What is GMED's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$2.5B+57.14%
Avg 2 year Forecast
$2.6B+68.83%
Avg 3 year Forecast
$2.9B+82.24%
GMED's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

GMED earnings growth forecast

How is GMED forecast to perform vs Medical Devices companies and vs the US market?
Company
35.47%
Industry
25.2%
Market
21.77%
GMED's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
GMED's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
GMED's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

GMED revenue growth forecast

How is GMED forecast to perform vs Medical Devices companies and vs the US market?
Company
22.07%
Industry
8.27%
Market
10.1%
GMED's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
GMED's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

GMED vs Medical Device Stocks

TickerPricePrice TargetUp/downsideConsensus
GMED$51.25$63.00+22.93%Buy
MASI$134.32$136.67+1.75%Buy
INSP$225.22$248.57+10.37%Strong Buy
PEN$203.00$274.71+35.33%Strong Buy
BIO$280.13$421.67+50.53%Buy

Globus Medical Stock Forecast FAQ

Is Globus Medical Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NYSE: GMED) stock is to Buy GMED stock.

Out of 6 analysts, 3 (50%) are recommending GMED as a Strong Buy, 1 (16.67%) are recommending GMED as a Buy, 2 (33.33%) are recommending GMED as a Hold, 0 (0%) are recommending GMED as a Sell, and 0 (0%) are recommending GMED as a Strong Sell.

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

What is GMED's revenue growth forecast for 2024-2026?

(NYSE: GMED) Globus Medical's forecast annual revenue growth rate of 22.07% is forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 8.27%, and it is also forecast to beat the US market's average forecast revenue growth rate of 10.1%.

Globus Medical's revenue in 2024 is $1,568,476,000.On average, 8 Wall Street analysts forecast GMED's revenue for 2024 to be $333,656,257,897, with the lowest GMED revenue forecast at $330,227,410,605, and the highest GMED revenue forecast at $335,992,920,738. On average, 8 Wall Street analysts forecast GMED's revenue for 2025 to be $358,468,934,188, with the lowest GMED revenue forecast at $355,623,271,157, and the highest GMED revenue forecast at $366,168,645,044.

In 2026, GMED is forecast to generate $386,946,411,849 in revenue, with the lowest revenue forecast at $378,595,965,910 and the highest revenue forecast at $408,127,453,006.

What is GMED's forecast return on assets (ROA) for 2024-2027?

(NYSE: GMED) forecast ROA is N/A, which is lower than the forecast US Medical Devices industry average of N/A.

What is GMED's Price Target?

According to 6 Wall Street analysts that have issued a 1 year GMED price target, the average GMED price target is $63.00, with the highest GMED stock price forecast at $71.00 and the lowest GMED stock price forecast at $53.00.

On average, Wall Street analysts predict that Globus Medical's share price could reach $63.00 by Mar 18, 2025. The average Globus Medical stock price prediction forecasts a potential upside of 22.93% from the current GMED share price of $51.25.

What is GMED's forecast return on equity (ROE) for 2024-2027?

(NYSE: GMED) forecast ROE is N/A, which is considered weak.
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