Abiomed (ABMD) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Abiomed in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ABMD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABMD, but not buy additional shares or sell existing shares.
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5 brokerages have issued 1 year price objectives for Abiomed's stock. Their ABMD share price forecasts range from $300.00 to $388.00. On average, they expect the company's stock price to reach $362.00 in the next year. This suggests that the stock has a possible downside of 5.0%.
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Abiomed, Inc. (NASDAQ:ABMD) released its earnings results on Wednesday, October, 27th. The medical equipment provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The medical equipment provider earned $248.10 million during the quarter, compared to analysts' expectations of $248.06 million. Abiomed had a net margin of 24.84% and a trailing twelve-month return on equity of 14.77%. The business's revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share.
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96 employees have rated Abiomed Chief Executive Officer Michael R. Minogue on Glassdoor.com. Michael R. Minogue has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Abiomed investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Align Technology (ALGN), Arista Networks (ANET), Intuitive Surgical (ISRG), Block (SQ), Netflix (NFLX), Adobe (ADBE) and Salesforce (CRM).

Abiomed trades on the NASDAQ under the ticker symbol "ABMD."

One share of ABMD stock can currently be purchased for approximately $381.02.

Abiomed (NASDAQ:ABMD) has a market capitalization of $17.18 billion and generates $1.03 billion in revenue each year. The medical equipment provider earns $136.51 million in net income (profit) each year or $5.82 on an earnings per share basis.

The company employs 2,003 workers across the globe.

Abiomed's mailing address is 22 CHERRY HILL DR, DANVERS MA, 01923. The official website for the company is www.abiomed.com. The medical equipment provider can be reached via phone at (978) 646-1400, via email at ir@abiomed.com, or via fax at 978-777-8411.