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Globus Medical

GMEDNYSE
Logo brought to you by Benzinga Data
$71.00
0.010.01%
Last update: 7:41 PM
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$93.00
Lowest Price Target1
$63.00
Consensus Price Target1
$76.59

Globus Medical (NYSE:GMED) Stock, Analyst Ratings, Price Targets, Forecasts

Globus Medical Inc has a consensus price target of $76.59 based on the ratings of 19 analysts. The high is $93 issued by Barclays on August 8, 2024. The low is $63 issued by B of A Securities on February 13, 2023. The 3 most-recent analyst ratings were released by BTIG, Barclays, and RBC Capital on August 28, 2024, August 8, 2024, and August 7, 2024, respectively. With an average price target of $82.67 between BTIG, Barclays, and RBC Capital, there's an implied 16.95% upside for Globus Medical Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
2
1
May
1
Jul
3
Aug
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.4
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

BTIG
Barclays
RBC Capital
Truist Securities
Wells Fargo

1calculated from analyst ratings

Analyst Ratings for Globus Medical

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FAQ

Q

What is the target price for Globus Medical (GMED) stock?

A

The latest price target for Globus Medical (NYSE:GMED) was reported by BTIG on August 28, 2024. The analyst firm set a price target for $77.00 expecting GMED to rise to within 12 months (a possible 8.45% upside). 26 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Globus Medical (GMED)?

A

The latest analyst rating for Globus Medical (NYSE:GMED) was provided by BTIG, and Globus Medical maintained their buy rating.

Q

When was the last upgrade for Globus Medical (GMED)?

A

The last upgrade for Globus Medical Inc happened on August 7, 2024 when Wells Fargo raised their price target to $78. Wells Fargo previously had an equal-weight for Globus Medical Inc.

Q

When was the last downgrade for Globus Medical (GMED)?

A

The last downgrade for Globus Medical Inc happened on February 13, 2023 when B of A Securities changed their price target from $83 to $63 for Globus Medical Inc.

Q

When is the next analyst rating going to be posted or updated for Globus Medical (GMED)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Globus Medical, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Globus Medical was filed on August 28, 2024 so you should expect the next rating to be made available sometime around August 28, 2025.

Q

Is the Analyst Rating Globus Medical (GMED) correct?

A

While ratings are subjective and will change, the latest Globus Medical (GMED) rating was a maintained with a price target of $75.00 to $77.00. The current price Globus Medical (GMED) is trading at is $71.00, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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