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Cantaloupe (CTLP) Stock Forecast & Price Target

$6.68
+0.12 (+1.83%)
(As of 05:12 PM ET)

Cantaloupe - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 5 Analyst Ratings

Consensus Price Target

$9.88
47.83% Upside
High Forecast$10.50
Average Forecast$9.88
Low Forecast$9.00
TypeCurrent Forecast
5/23/23 to 5/22/24
1 Month Ago
4/23/23 to 4/22/24
3 Months Ago
2/22/23 to 2/22/24
1 Year Ago
5/23/22 to 5/23/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
1 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$9.88$9.70$9.63$9.50
Forecasted Upside47.83% Upside46.43% Upside43.29% Upside61.02% Upside
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CTLP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CTLP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cantaloupe Stock vs. The Competition

TypeCantaloupeBusiness Services CompaniesS&P 500
Consensus Rating Score
3.00
2.63
2.49
Consensus RatingBuyModerate BuyHold
Predicted Upside47.83% Upside164.80% Upside8.94% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/15/2024Barrington Research
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 Reiterated RatingOutperform ➝ Outperform$10.00 ➝ $10.00+50.38%
3/25/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$10.00+58.73%
10/2/2023Berenberg Bank
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 Initiated CoverageBuy$9.00+35.54%
9/7/2023William Blair
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 Reiterated RatingOutperform
8/17/2023B. Riley
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 Initiated CoverageBuy$10.50+45.63%
5/5/2023Craig Hallum
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 Boost Target$8.00 ➝ $9.00+43.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:37 PM ET.

CTLP Frequently Asked Questions

What is Cantaloupe's stock forecast and purchase recommendation?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Cantaloupe is $9.88, with a high forecast of $10.50 and a low forecast of $9.00. The consensus rating for Cantaloupe stock is Buy based on the current 5 buy ratings for CTLP. Learn more on CTLP's analyst rating history.

Do Wall Street analysts like Cantaloupe more than its competitors?

Analysts like Cantaloupe more than other "business services" companies. The consensus rating for Cantaloupe is Buy while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how CTLP compares to other companies.

Does Cantaloupe's stock price have much upside?

According to analysts, Cantaloupe's stock has a predicted upside of 47.39% based on their 12-month stock forecasts.

What analysts cover Cantaloupe?

Cantaloupe has been rated by research analysts at Barrington Research, and Benchmark in the past 90 days.


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This page (NASDAQ:CTLP) was last updated on 5/22/2024 by MarketBeat.com Staff

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