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Inotiv (NOTV) Stock Forecast & Price Target

-0.03 (-1.52%)
(As of 07/19/2024 ET)

Inotiv - 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

Based on 4 Wall Street analysts who have issued ratings for Inotiv in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 2 have given a hold rating, and 2 have given a buy rating for NOTV.

Consensus Price Target

217.31% Upside
High Forecast$10.00
Average Forecast$6.19
Low Forecast$2.00

According to the 4 analysts' twelve-month price targets for Inotiv, the average price target is $6.19. The highest price target for NOTV is $10.00, while the lowest price target for NOTV is $2.00. The average price target represents a forecasted upside of 217.31% from the current price of $1.95.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
2 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$6.19$6.19$15.17$15.25
Forecasted Upside217.31% Upside84.01% Upside279.80% Upside153.86% Upside
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NOTV 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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NOTV 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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Inotiv Stock vs. The Competition

TypeInotivMedical CompaniesS&P 500
Consensus Rating Score
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside217.31% Upside1,425.25% Upside9.99% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/16/2024Lake Street Capital
3 of 5 stars
F. Takkinen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy ➝ Hold$10.00 ➝ $2.00-4.76%
5/16/2024Craig Hallum
4 of 5 stars
 Lower TargetBuy ➝ Buy$25.00 ➝ $10.00+373.93%
5/14/2024Jefferies Financial Group
2 of 5 stars
 DowngradeBuy ➝ Hold$11.50 ➝ $3.75-10.07%
7/20/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOverweight$9.00+77.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:03 AM ET.

NOTV Forecast - Frequently Asked Questions

What is Inotiv's forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Inotiv is $6.19, with a high forecast of $10.00 and a low forecast of $2.00.

Should I buy or sell Inotiv stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inotiv in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NOTV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOTV, but not buy additional shares or sell existing shares.

Does Inotiv's stock price have much upside?

According to analysts, Inotiv's stock has a predicted upside of 84.01% based on their 12-month stock forecasts.

Has Inotiv been downgraded by Wall Street analysts recently?

Over the previous 90 days, Inotiv's stock had 1 downgrade by analysts.

What analysts cover Inotiv?

Inotiv has been rated by research analysts at Craig Hallum, Jefferies Financial Group, and Lake Street Capital in the past 90 days.

Do Wall Street analysts like Inotiv more than its competitors?

Analysts like Inotiv less than other "medical" companies. The consensus rating score for Inotiv is 2.50 while the average consensus rating score for "medical" companies is 2.72. Learn more on how NOTV compares to other companies.

This page (NASDAQ:NOTV) was last updated on 7/20/2024 by Staff

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