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NYSE: PEN
Penumbra Inc Stock Forecast, Predictions & Price Target

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Analyst price target for PEN

Based on 9 analysts offering 12 month price targets for Penumbra Inc.
Min Forecast
$163.00-11.86%
Avg Forecast
$227.22+22.86%
Max Forecast
$300.00+62.21%

Should I buy or sell PEN stock?

Based on 9 analysts offering ratings for Penumbra Inc.
Strong Buy
Strong Buy
7 analysts 77.78%
Buy
2 analysts 22.22%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PEN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
BTIG
Top 3%
98
Strong BuyMaintains$239.00+29.23%2022-09-19Find out why
Truist Securities
Bottom 30%
30
Strong BuyMaintains$230.00+24.36%2022-09-13
Needham
Bottom 1%
1
BuyUpgrades$244.00+31.93%2022-09-09
Canaccord Genuity
Bottom 13%
13
Strong BuyMaintains$189.00+2.20%2022-08-05
Deutsche Bank
Bottom 18%
18
Strong BuyMaintains$163.00-11.86%2022-07-21
RBC Capital
Bottom 4%
4
BuyInitiates Coverage On$195.00+5.44%2022-07-18
Citigroup
Top 8%
93
Strong BuyMaintains$220.00+18.96%2022-05-17
Wells Fargo
Top 19%
82
Strong BuyMaintains$265.00+43.29%2022-05-04
JP Morgan
Top 15%
86
Strong BuyMaintains$300.00+62.21%2022-02-23

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Forecast return on equity

Is PEN forecast to generate an efficient return?
Company
7.27%
Industry
19.64%
Market
108.79%
PEN's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is PEN forecast to generate an efficient return on assets?
Company
5.31%
Industry
10.86%
PEN is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

PEN earnings per share forecast

What is PEN's earnings per share in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$0.25
Avg 2 year Forecast
$1.13
Avg 3 year Forecast
$1.86

PEN revenue forecast

What is PEN's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$861.2M+6.8%
Avg 2 year Forecast
$1.0B+25.21%
Avg 3 year Forecast
$1.2B+43.51%
PEN's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PEN revenue growth forecast

How is PEN forecast to perform vs Medical Devices companies and vs the US market?
Company
11.88%
Industry
4.48%
Market
8.22%
PEN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PEN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PEN vs Medical Device Stocks

TickerPricePrice TargetUp/downsideConsensus
PEN$184.94$227.22+22.86%Strong Buy
BRKR$49.52$85.67+72.99%Buy
GMED$58.29$74.13+27.17%Strong Buy
SWAV$252.08$240.50-4.59%Buy
INSP$171.59$276.60+61.20%Strong Buy

Penumbra Stock Forecast FAQ

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

The consensus among 9 Wall Street analysts covering (NYSE: PEN) stock is to Strong Buy PEN stock.

Out of 9 analysts, 7 (77.78%) are recommending PEN as a Strong Buy, 2 (22.22%) are recommending PEN as a Buy, 0 (0%) are recommending PEN as a Hold, 0 (0%) are recommending PEN as a Sell, and 0 (0%) are recommending PEN as a Strong Sell.

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

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

(NYSE: PEN) Penumbra'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 26.15%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.27%.

Penumbra's earnings in 2022 is -$19,391,000.On average, 4 Wall Street analysts forecast PEN's earnings for 2022 to be $9,472,092, with the lowest PEN earnings forecast at $5,683,255, and the highest PEN earnings forecast at $11,366,510. On average, 4 Wall Street analysts forecast PEN's earnings for 2023 to be $42,813,854, with the lowest PEN earnings forecast at $32,583,995, and the highest PEN earnings forecast at $58,348,084.

In 2024, PEN is forecast to generate $70,472,361 in earnings, with the lowest earnings forecast at $66,683,524 and the highest earnings forecast at $73,882,314.

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

(NYSE: PEN) Penumbra's forecast annual revenue growth rate of 11.88% is forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 4.48%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.22%.

Penumbra's revenue in 2022 is $806,367,000.On average, 4 Wall Street analysts forecast PEN's revenue for 2022 to be $32,630,294,343, with the lowest PEN revenue forecast at $32,602,938,943, and the highest PEN revenue forecast at $32,659,771,492. On average, 4 Wall Street analysts forecast PEN's revenue for 2023 to be $38,255,504,267, with the lowest PEN revenue forecast at $37,997,863,378, and the highest PEN revenue forecast at $38,380,914,758.

In 2024, PEN is forecast to generate $43,845,932,670 in revenue, with the lowest revenue forecast at $43,415,520,832 and the highest revenue forecast at $44,276,344,508.

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

(NYSE: PEN) forecast ROA is 5.31%, which is lower than the forecast US Medical Devices industry average of 10.86%.

What is PEN's Price Target?

According to 9 Wall Street analysts that have issued a 1 year PEN price target, the average PEN price target is $227.22, with the highest PEN stock price forecast at $300.00 and the lowest PEN stock price forecast at $163.00.

On average, Wall Street analysts predict that Penumbra's share price could reach $227.22 by Sep 19, 2023. The average Penumbra stock price prediction forecasts a potential upside of 22.86% from the current PEN share price of $184.94.

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

(NYSE: PEN) Penumbra's current Earnings Per Share (EPS) is -$0.54. On average, analysts forecast that PEN's EPS will be $0.25 for 2022, with the lowest EPS forecast at $0.15, and the highest EPS forecast at $0.30. On average, analysts forecast that PEN's EPS will be $1.13 for 2023, with the lowest EPS forecast at $0.86, and the highest EPS forecast at $1.54. In 2024, PEN's EPS is forecast to hit $1.86 (min: $1.76, max: $1.95).

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

(NYSE: PEN) forecast ROE is 7.27%, which is considered weak.
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