Shockwave Medical (SWAV) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shockwave Medical in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SWAV shares.
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7 Wall Street analysts have issued 1 year price targets for Shockwave Medical's stock. Their SWAV share price forecasts range from $251.00 to $330.00. On average, they expect the company's stock price to reach $292.29 in the next year. This suggests a possible upside of 48.5% from the stock's current price.
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Shockwave Medical's stock was trading at $205.61 at the start of the year. Since then, SWAV shares have decreased by 4.2% and is now trading at $196.88.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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Shockwave Medical, Inc. (NASDAQ:SWAV) announced its quarterly earnings results on Monday, August, 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.85 by $0.09. The business had revenue of $180.17 million for the quarter, compared to analyst estimates of $173.79 million. Shockwave Medical had a net margin of 39.56% and a trailing twelve-month return on equity of 47.48%. The company's revenue was up 49.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share.

ETFs with the largest weight of Shockwave Medical (NASDAQ:SWAV) stock in their portfolio include Neuberger Berman Disrupters ETF (NBDS), Invesco Dorsey Wright Healthcare Momentum ETF (PTH), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), First Trust Indxx Global Medical Devices ETF (MDEV), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Alger Mid Cap 40 ETF (FRTY), WisdomTree U.S. Growth & Momentum Fund (WGRO) and First Trust Health Care AlphaDEX Fund (FXH).

Shockwave Medical issued an update on its FY 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $725.00 million-$730.00 million, compared to the consensus revenue estimate of $716.10 million.

8 employees have rated Shockwave Medical Chief Executive Officer Doug Godshall on Glassdoor.com. Doug Godshall has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shockwave Medical investors own include NVIDIA (NVDA), Walt Disney (DIS), Block (SQ), Trade Desk (TTD), Salesforce (CRM), Roku (ROKU), PayPal (PYPL), DexCom (DXCM), Alibaba Group (BABA) and Okta (OKTA).

(SWAV) raised $75 million in an IPO on Thursday, March 7th 2019. The company issued 5,000,000 shares at a price of $14.00-$16.00 per share. Morgan Stanley and BofA Merrill Lynch served as the underwriters for the IPO and Wells Fargo Securities and Canaccord Genuity were co-managers.

Shockwave Medical trades on the NASDAQ under the ticker symbol "SWAV."

Shockwave Medical's stock is owned by a number of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (10.15%), BlackRock Inc. (9.90%), Artisan Partners Limited Partnership (3.13%), State Street Corp (2.77%), Geode Capital Management LLC (1.54%) and Allspring Global Investments Holdings LLC (1.30%). Insiders that own company stock include Antoine Papiernik, Colin Cahill, Dan Puckett, Douglas Evan Godshall, Frank T Watkins, Frank T Watkins, Isaac Zacharias, Kurt F Gallo, Laura Francis, Maria Sainz, Sara Toyloy and Trinh Phung.
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Shares of SWAV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SWAV stock can currently be purchased for approximately $196.88.

Shockwave Medical (NASDAQ:SWAV) has a market capitalization of $7.24 billion and generates $489.73 million in revenue each year. The company earns $216 million in net income (profit) each year or $6.42 on an earnings per share basis.

The company employs 1,001 workers across the globe.

Shockwave Medical's mailing address is 5403 Betsy Ross Drive, Santa Clara CA, 95054. The official website for the company is www.shockwavemedical.com. The company can be reached via phone at (877) 775-4846 or via email at investors@shockwavemedical.com.