Profound Medical (PROF) Stock Forecast & Price Target

$10.21

-0.74 (-6.76%)

(As of 11/28/2023 ET)

Today's Range: $9.90
▼
$10.96
50-Day Range: $8.10
▼
$11.18
52-Week Range: $4.50
▼
$15.49

Volume: 23,384 shs
Average Volume: 24,490 shs
Market Capitalization: $218.19 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.75

Profound Medical Consensus Analyst Rating and Stock Price Forecast (2023)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 3 Analyst Ratings

Analysts' Consensus Price Target

$13.75
34.67% Upside

High Forecast	$20.00
Average Forecast	$13.75
Low Forecast	$10.00

Type	Current Forecast 11/29/22 to 11/29/23	1 Month Ago 10/30/22 to 10/30/23	3 Months Ago 8/31/22 to 8/31/23	1 Year Ago 11/29/21 to 11/29/22
Consensus Rating	Moderate Buy	Buy	Moderate Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	0 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 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	$13.75	$12.63	$12.63	$11.83
Predicted Upside	34.67% Upside	57.87% Upside	41.09% Upside	102.05% Upside

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PROF Analyst Ratings 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.

PROF 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.

Profound Medical Stock vs. The Competition

Type	Profound Medical	Medical Companies	S&P 500
Consensus Rating Score	2.67	2.67	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	34.67% Upside	1,025.51% Upside	2,838.32% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/28/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$11.00	+0.46%
9/18/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Outperform ➝ Strong-Buy	$20.00	+150.00%
3/21/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$5.50 ➝ $10.00	-1.57%
1/6/2023	Lake Street Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$7.00 ➝ $14.00	+26.58%

(Data available from 11/29/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

PROF Price Target - Frequently Asked Questions

What is Profound Medical's consensus rating and price target?: According to the issued ratings of 3 analysts in the last year, the consensus rating for Profound Medical stock is Moderate Buy based on the current 2 hold ratings and 1 strong buy rating for PROF. The average twelve-month price prediction for Profound Medical is $13.75 with a high price target of $20.00 and a low price target of $10.00. Learn more on PROF's analyst rating history.
Do Wall Street analysts like Profound Medical more than its competitors?: Analysts like Profound Medical less than other Medical companies. The consensus rating score for Profound Medical is 2.67 while the average consensus rating score for medical companies is 2.67. Learn more on how PROF compares to other companies.
Is Profound Medical being upgraded by Wall Street analysts?: Over the previous 90 days, Profound Medical's stock had 1 upgrade by analysts.

Does Profound Medical's stock price have much upside?: According to analysts, Profound Medical's stock has a predicted upside of 38.93% based on their 12-month stock forecasts.
What analysts cover Profound Medical?: Profound Medical has been rated by Raymond James, and Stifel Nicolaus in the past 90 days.

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This page (NASDAQ:PROF) was last updated on 11/29/2023 by MarketBeat.com Staff

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