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Conmed (CNMD)
NYSE:CNMD

Conmed (CNMD) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

CNMD Analyst Ratings

Moderate Buy
6Ratings
4 Buy
2 Hold
0 Sell
Based on 6 analysts giving stock ratings to
Conmed
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

CNMD Stock 12 Month Forecast

Average Price Target

$109.50
▲(50.49% Upside)
Based on 6 Wall Street analysts offering 12 month price targets for Conmed in the last 3 months. The average price target is $109.50 with a high forecast of $129.00 and a low forecast of $98.00. The average price target represents a 50.49% change from the last price of $72.76.
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Highest Price Target$129.00Average Price Target$109.50Lowest Price Target$98.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Bank of America Securities
$125.00
Hold
71.80%
Upside
Reiterated
10/26/23
Hold Rating on Conmed: Balancing Double-Digit Revenue Growth and Market Challenges
KeyBanc
$141.00
Buy
93.79%
Upside
Reiterated
07/27/23
CONMED (CNMD) PT Raised to $141 at KeyBancKeyBanc analyst Matthew Mishan raised the price target on CONMED (NYSE: CNMD) to $141.00 (from $131.00) while maintaining a Overweight rating.
C.L. King
$140.00
Buy
92.41%
Upside
Initiated
05/22/23
CL King starts Conmed with Buy into growth accelerationCL King starts Conmed with Buy into growth acceleration
Evercore ISI
$119.00
Hold
63.55%
Upside
Reiterated
04/27/23
Conmed price target raised to $119 from $96 at Wells FargoConmed price target raised to $119 from $96 at Wells Fargo

Best Analysts Covering Conmed

Which Analyst Should I Follow If I Want to Buy CNMD and Sell After:
1 Month
Rick WiseStifel Nicolaus
Success Rate
9/20 ratings generated profit
45%
Average Return
+1.08%
reiterated a buy rating 3 months ago
Copying Rick Wise's trades and holding each position for 1 Month would result in 45.00% of your transactions generating a profit, with an average return of +1.08% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Rick WiseStifel Nicolaus
Success Rate
9/20 ratings generated profit
45%
Average Return
+0.06%
reiterated a buy rating 3 months ago
Copying Rick Wise's trades and holding each position for 3 Months would result in 45.00% of your transactions generating a profit, with an average return of +0.06% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
1 Year
Rick WiseStifel Nicolaus
Success Rate
9/20 ratings generated profit
45%
Average Return
+4.93%
reiterated a buy rating 3 months ago
Copying Rick Wise's trades and holding each position for 1 Year would result in 45.00% of your transactions generating a profit, with an average return of +4.93% per trade.
2 Years
Rick WiseStifel Nicolaus
Success Rate
7/20 ratings generated profit
35%
Average Return
+1.38%
reiterated a buy rating 3 months ago
Copying Rick Wise's trades and holding each position for 2 Years would result in 35.00% of your transactions generating a profit, with an average return of +1.38% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

CNMD Analyst Recommendation Trends

Rating
Dec 23
Jan 24
Feb 24
Mar 24
Apr 24
Strong Buy
0
0
1
1
1
Buy
4
6
5
6
4
Hold
6
6
4
4
3
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
10
12
10
11
8
In the current month, CNMD has received 5 Buy Ratings, 3 Hold Ratings, and 0 Sell Ratings. CNMD average Analyst price target in the past 3 months is $109.50.
Each month's total comprises the sum of three months' worth of ratings.
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CNMD Financial Forecast

CNMD Earnings Forecast

Next quarter’s earnings estimate for CNMD is $0.74 with a range of $0.73 to $0.74. The previous quarter’s EPS was $1.06. CNMD beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 57.49% of the time in the same period. In the last calendar year CNMD has Outperformed its overall industry.
Next quarter’s earnings estimate for CNMD is $0.74 with a range of $0.73 to $0.74. The previous quarter’s EPS was $1.06. CNMD beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 57.49% of the time in the same period. In the last calendar year CNMD has Outperformed its overall industry.

CNMD Sales Forecast

Next quarter’s sales forecast for CNMD is $306.73M with a range of $304.80M to $307.70M. The previous quarter’s sales results were $325.84M. CNMD beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 47.20% of the time in the same period. In the last calendar year CNMD has Outperformed its overall industry.
Next quarter’s sales forecast for CNMD is $306.73M with a range of $304.80M to $307.70M. The previous quarter’s sales results were $325.84M. CNMD beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 47.20% of the time in the same period. In the last calendar year CNMD has Outperformed its overall industry.

CNMD Stock Forecast FAQ

What is CNMD’s average 12-month price target, according to analysts?
Based on analyst ratings, Conmed’s 12-month average price target is $109.50.
    What is CNMD’s upside potential, based on the analysts’ average price target?
    Conmed has 50.49% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is CNMD a Buy, Sell or Hold?
          Conmed has a conensus rating of Moderate Buy which is based on 4 buy ratings, 2 hold ratings and 0 sell ratings.
            What is Conmed’s price target?
            The average price target for Conmed is $109.50. This is based on 6 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $129.00 ,the lowest forecast is $98.00. The average price target represents 50.49% Increase from the current price of $72.76.
              What do analysts say about Conmed?
              Conmed’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 6 Wall Streets Analysts.
                How can I buy shares of CNMD?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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