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Top-Rated StocksTop-Rated
NYSE:BSX

Boston Scientific (BSX) Stock Forecast, Price & News

$51.42
-0.40 (-0.77%)
(As of 06/5/2023 ET)
Compare
Today's Range
$51.24
▼
$52.14
50-Day Range
$48.33
▼
$53.77
52-Week Range
$34.98
▼
$54.17
Volume
7.69 million shs
Average Volume
8.57 million shs
Market Capitalization
$71.99 billion
P/E Ratio
87.15
Dividend Yield
N/A
Price Target
$54.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Boston Scientific MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.1% Upside
$54.00 Price Target
Short Interest
Healthy
1.15% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
0.73mentions of Boston Scientific in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$9.40 M Sold Last Quarter
Proj. Earnings Growth
12.82%
From $1.95 to $2.20 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Medical Sector

80th out of 985 stocks

Surgical & Medical Instruments Industry

7th out of 97 stocks

See Top Rated MarketRank™ Stocks Here

BSX stock logo

About Boston Scientific (NYSE:BSX) Stock

Boston Scientific Corp. engages in the development, manufacture and marketing of medical devices that are used in interventional medical procedures. It operates through the MedSurg and Cardiovascular segments. The MedSurg segment includes Urology and Neuromodulation. The Cardiovascular segment consists of Cardiology and Peripheral Interventions. The company was founded by John E. Abele and Pete Michael Nicholas on June 29, 1979, and is headquartered in Marlborough, MA.

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BSX Stock News Headlines

May 30, 2023 | marketbeat.com
Intuitive Surgical Gives Buying Opportunity Off Its 52 Week Highs (BSX)
Intuitive Surgical (NASDAQ: ISRG) manufactures the revolutionary da Vinci Surgical System, the leader in robotic-assisted surgery systems. Da Vinci is turning
May 15, 2023 | marketbeat.com
Shockwave Medical, Fast Grower, In Boston Scientific's Sights? (BSX)
Shockwave earnings are growing at triple-digit rates. The company easily beat Q1 views. Boston Scientific is reportedly interested in acquiring Shockwave.
June 5, 2023 | Legacy Research (Affiliate) (Ad)
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
June 5, 2023 | finance.yahoo.com
Boston Scientific (NYSE:BSX) shareholders have earned a 8.6% CAGR over the last five years
June 1, 2023 | finance.yahoo.com
Veeva Systems (VEEV) Beats on Q1 Earnings, Ups FY24 Outlook
June 1, 2023 | finance.yahoo.com
Investors Could Be Concerned With Boston Scientific's (NYSE:BSX) Returns On Capital
May 31, 2023 | finance.yahoo.com
Boston Scientific (BSX) Rises 26.4%: Will the Rally Continue?
May 30, 2023 | finance.yahoo.com
Boston Scientific Announces Conversion Date of Series A Mandatory Convertible Preferred Stock
June 5, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
May 30, 2023 | markets.businessinsider.com
14 Analysts Have This to Say About Boston Scientific
May 30, 2023 | finance.yahoo.com
Six Boston Scientific Benefits That Support Employee Mental Health
May 30, 2023 | americanbankingnews.com
Boston Scientific (NYSE:BSX) Coverage Initiated by Analysts at Morgan Stanley
May 29, 2023 | americanbankingnews.com
Short Interest in Boston Scientific Co. (NYSE:BSX) Declines By 10.7%
May 28, 2023 | finance.yahoo.com
Can Boston Scientific Corporation (NYSE:BSX) Performance Keep Up Given Its Mixed Bag Of Fundamentals?
May 27, 2023 | americanbankingnews.com
Boston Scientific Co. (NYSE:BSX) Receives $53.89 Average Target Price from Brokerages
May 26, 2023 | finance.yahoo.com
Why Is Boston Scientific (BSX) Down 0.9% Since Last Earnings Report?
May 25, 2023 | finance.yahoo.com
Regulatory Hurdles Force Boston Scientific to Opt for Minority Stake in M.I. Tech
May 25, 2023 | msn.com
Boston Scientific scraps $230M plan to buy Korean medical device maker
May 25, 2023 | finance.yahoo.com
"I Truly Feel I’m Able To Be Who I Am at Boston Scientific"
May 24, 2023 | msn.com
Here's How Much $100 Invested In Boston Scientific 10 Years Ago Would Be Worth Today
May 24, 2023 | msn.com
Boston Scientific (BSX) Gains From Acquisitions, New Launches
May 24, 2023 | sportsbookwire.usatoday.com
Boston Celtics vs. Miami Heat Eastern Finals odds, tips and betting trends | Game 5 | May 25
May 24, 2023 | finance.yahoo.com
Boston Scientific Corporation's (NYSE:BSX) Intrinsic Value Is Potentially 20% Below Its Share Price
May 24, 2023 | sports.yahoo.com
NBA playoffs: Celtics force Game 5 back in Boston, beat Heat to extend Eastern Conference finals
May 24, 2023 | msn.com
Boston police lieutenant charged for alleged drunk driving in Walpole
May 23, 2023 | msn.com
Boston Celtics at Miami Heat NBA Eastern Conference Finals Game 4: How to watch for free
May 23, 2023 | msn.com
Boston Calling Music Festival: Mamaleh's among 30 food vendors preparing for 3-day music event
See More Headlines

BSX Price History

BSX Company Calendar

Last Earnings
4/26/2023
Today
6/05/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Surgical & medical instruments
Sub-Industry
Health Care Equipment
Sector
Medical
Current Symbol
NYSE:BSX
CUSIP
10113710
CIK
885725
Web
www.bostonscientific.com
Phone
(508) 683-4000
Fax
508-683-5675
Employees
45,000
Year Founded
1979

Price Target and Rating

Average Stock Price Forecast
$54.00
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+4.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.59
Trailing P/E Ratio
87.73
Forward P/E Ratio
26.54
P/E Growth
2.32
Net Income
$698 million
Net Margins
6.91%
Pretax Margin
10.95%
Return on Equity
14.57%
Return on Assets
7.94%

Debt

Debt-to-Equity Ratio
0.47
Current Ratio
1.40
Quick Ratio
0.89

Sales & Book Value

Annual Sales
$12.68 billion
Price / Sales
5.71
Cash Flow
$2.60 per share
Price / Cash Flow
19.92
Book Value
$12.27 per share
Price / Book
4.22

Miscellaneous

Outstanding Shares
1,400,000,000
Free Float
1,392,580,000
Market Cap
$72.46 billion
Optionable
Optionable
Beta
0.80

Social Links


Key Executives

  • Michael F. MahoneyMichael F. Mahoney
    Chairman, President & Chief Executive Officer
  • John Bradley SorensonJohn Bradley Sorenson
    Executive Vice President-Global Operations
  • Daniel J. BrennanDaniel J. Brennan
    Chief Financial Officer & Executive Vice President
  • Jodi Eddy
    Senior VP, Chief Information & Digital Officer
  • Ian T. MeredithIan T. Meredith
    Global Chief Medical Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













BSX Stock - Frequently Asked Questions

Should I buy or sell Boston Scientific stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Scientific in the last year. There are currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BSX shares.
View BSX analyst ratings or view top-rated stocks.

What is Boston Scientific's stock price forecast for 2023?

15 brokerages have issued 1 year price objectives for Boston Scientific's shares. Their BSX share price forecasts range from $43.00 to $60.00. On average, they expect the company's share price to reach $54.00 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for BSX or view top-rated stocks among Wall Street analysts.

How have BSX shares performed in 2023?

Boston Scientific's stock was trading at $46.27 at the beginning of 2023. Since then, BSX shares have increased by 11.9% and is now trading at $51.76.
View the best growth stocks for 2023 here.

Are investors shorting Boston Scientific?

Boston Scientific saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 16,050,000 shares, a drop of 10.7% from the April 30th total of 17,970,000 shares. Based on an average daily trading volume, of 9,130,000 shares, the days-to-cover ratio is currently 1.8 days.
View Boston Scientific's Short Interest.

When is Boston Scientific's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our BSX earnings forecast.

How were Boston Scientific's earnings last quarter?

Boston Scientific Co. (NYSE:BSX) announced its quarterly earnings results on Wednesday, April, 26th. The medical equipment provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. The medical equipment provider had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.16 billion. Boston Scientific had a net margin of 6.91% and a trailing twelve-month return on equity of 14.57%. Boston Scientific's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS.
Read the conference call transcript.

What ETFs hold Boston Scientific's stock?

ETFs with the largest weight of Boston Scientific (NYSE:BSX) stock in their portfolio include Goldman Sachs Future Health Care Equity ETF (GDOC), iShares U.S. Medical Devices ETF (IHI), Adaptiv Select ETF (ADPV), Global X Aging Population ETF (AGNG), Invesco Dynamic Market ETF (PWC), BlackRock Future Health ETF (BMED), Putnam Sustainable Leaders ETF (PLDR) and JPMorgan Social Advancement ETF (UPWD).

What guidance has Boston Scientific issued on next quarter's earnings?

Boston Scientific issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $0.48-$0.50 for the period, compared to the consensus earnings per share estimate of $0.48. The company issued revenue guidance of $3.46 billion-$3.52 billion, compared to the consensus revenue estimate of $3.44 billion.

What is Michael F. Mahoney's approval rating as Boston Scientific's CEO?

947 employees have rated Boston Scientific Chief Executive Officer Michael F. Mahoney on Glassdoor.com. Michael F. Mahoney has an approval rating of 98% among the company's employees. This puts Michael F. Mahoney in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Boston Scientific own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Boston Scientific investors own include NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AT&T (T), CVS Health (CVS), Walt Disney (DIS), Bank of America (BAC), Advanced Micro Devices (AMD), Visa (V) and Salesforce (CRM).

What is Boston Scientific's stock symbol?

Boston Scientific trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSX."

Who are Boston Scientific's major shareholders?

Boston Scientific's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (3.32%), Geode Capital Management LLC (1.81%), Bollard Group LLC (1.72%), Bank of New York Mellon Corp (1.13%), Vontobel Asset Management Inc. (0.89%) and FIL Ltd (0.63%). Insiders that own company stock include Arthur C Butcher, Daniel J Brennan, David A Pierce, David A Pierce, David S Wichmann, Edward F Mackey, Eric Francis Yves Thepaut, Ian T Meredith, Jeffrey B Mirviss, Jeffrey B Mirviss, Jodi Euerle Eddy, John Bradley Sorenson, Jonathan Monson, Joseph Michael Fitzgerald, Maulik Nanavaty, Meghan Scanlon, Michael F Mahoney, Michael F Mahoney, Nelda J Connors, Scott Olson, Wendy Carruthers and William F Bruss.
View institutional ownership trends.

How do I buy shares of Boston Scientific?

Shares of BSX 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.
Compare Top Brokerages Here.

What is Boston Scientific's stock price today?

One share of BSX stock can currently be purchased for approximately $51.76.

How much money does Boston Scientific make?

Boston Scientific (NYSE:BSX) has a market capitalization of $72.46 billion and generates $12.68 billion in revenue each year. The medical equipment provider earns $698 million in net income (profit) each year or $0.59 on an earnings per share basis.

How many employees does Boston Scientific have?

The company employs 45,000 workers across the globe.

Does Boston Scientific have any subsidiaries?
The following companies are subsidiares of Boston Scientific: 34 Biomedical Merger Corp., 9357-1867 Quebec Inc., Acurate Industria e Comercio Ltda., Advanced Bionics, Advanced Stent Technologies, American Medical Systems, American Medical Systems Europe B.V., Apama Medical, Apama Medical Inc., Asthmatx, Atritech, Augmenix, Augmenix Inc., Augmenix K.K., BSC International Medical Trading (Shanghai) Co. Ltd., BSC Medical Device Technology (Shanghai) Co. Ltd., BTG, BTG Australasia Pty Ltd, BTG Europe B.V., BTG IM Holdings Ltd., BTG International (Holdings) Limited, BTG International Asia Limited, BTG International Canada Inc., BTG International Germany GmbH, BTG International Healthcare Inc., BTG International Healthcare LLC, BTG International Healthcare Limited, BTG International Inc., BTG International Limited, BTG Limited, BTG Management Services Limited, BTG Medikal Limited Sirketi, Bard Electrophysiology, Barosense, Biocompatibles Inc., Biocompatibles International Limited, Biocompatibles UK Limited, Boston Scientific (Malaysia) Sdn. Bhd., Boston Scientific (South Africa) Proprietary Limited, Boston Scientific (Thailand) Ltd., Boston Scientific (UK) Limited, Boston Scientific AG, Boston Scientific Argentina S.A., Boston Scientific Asia Pacific Pte. Ltd., Boston Scientific Benelux NV, Boston Scientific Canada Limited, Boston Scientific Ceska republika s.r.o., Boston Scientific Chile SpA, Boston Scientific Colombia Limitada, Boston Scientific Comercial de Costa Rica BSCR S.R.L., Boston Scientific Far East B.V., Boston Scientific Gesellschaft m.b.H., Boston Scientific Group plc, Boston Scientific Hellas S.A., Boston Scientific Hong Kong Limited, Boston Scientific Iberica S.A., Boston Scientific India Private Limited, Boston Scientific International B.V., Boston Scientific International Finance Limited, Boston Scientific International S.A., Boston Scientific Israel Ltd., Boston Scientific Japan K.K., Boston Scientific Korea Co. Ltd., Boston Scientific Lebanon SAL, Boston Scientific Limited, Boston Scientific Ltd., Boston Scientific Medical Device, Boston Scientific Medical Device Limited, Boston Scientific Medizintechnik GmbH, Boston Scientific Middle East FZ-LLC, Boston Scientific Middle East SAL, Boston Scientific Nederland B.V., Boston Scientific Neuromodulation Corporation, Boston Scientific New Zealand Limited, Boston Scientific Nordic AB, Boston Scientific Peru S.A.C., Boston Scientific Philippines Inc., Boston Scientific Polska Sp. z o.o., Boston Scientific Portugal - Dispositivos Medicos Lda, Boston Scientific Pty Ltd, Boston Scientific Romania S.R.L., Boston Scientific S.A.S., Boston Scientific S.p.A., Boston Scientific Scimed, Boston Scientific Scimed Inc., Boston Scientific Services Private Limited, Boston Scientific TIP Gerecleri Limited Sirketi, Boston Scientific Technology & Engineering Services Private Limited, Boston Scientific Uruguay S.A., Boston Scientific Vietnam Company Limited, Boston Scientific de Costa Rica S.R.L., Boston Scientific de Mexico S.A. de C.V., Boston Scientific del Caribe Inc., Boston Scientific do Brasil Ltda., Bravo Bidco Limited, BridgePoint Medical, Cameron Health, Cardiac Pacemakers Inc., Cardiac Pathways Corp, Catheter Innovations, Claret Medical, Claret Medical Inc., Cosman Medical, Cosman Medical LLC, CryoCor, Cryterion Medical, Cryterion Medical Inc., Cryterion Medical Ireland Limited, EKOS LLC, EMcision, EMcision International Inc., EP Technologies, EP Technologies Inc., Electron Acquisition Corporation, EndoChoice, EndoChoice Holdings Inc., EndoChoice Inc., EndoChoice Innovation Center Ltd., EndoChoice Israel Ltd., Endotex, Enteric Medical Technologies, Galil Medical Inc., Galil Medical Ltd., Galil Medical UK Limited, Guidant, Guidant Delaware Holding Corporation, Guidant Europe NV, Guidant Puerto Rico B.V., Hong Kong Medtech Trading Limited, Intelect Medical, Millipede, Millipede Inc., NXT Merger Corp., Notebook Merger Sub Ltd., Novate Medical Limited, NxThera, NxThera Inc., PT Boston Scientific Indonesia, PneumRx GmbH, PneumRx LLC, PneumRx Liimited, Protherics Medicines Development B.V., Protherics Medicines Development Limited, Protherics UK Limited, Provensis Limited, RMI Acquisition Corp., Remon Medical Technologies, Rhythmia Medical, Robert S. Smith M.D. Inc., Roxwood Medical Inc., SNS Merger Corp, Sadra Medical, Sadra Medical Inc., Securus Medical Group, Securus Medical Group Inc., Special K Merger Corp., StarMedTec, Stream Enterprises LLC, Symetis, Symetis SA, Target Therapeutics, Target Therapeutics Inc., The LumenR Tissue Retractor System, Veniti, Veniti Inc., VertiFlex, Vertiflex Inc., Vessix Vascular, Xlumena, Zuma Investment Pty Ltd, iogyn, nVision Medical, and nVision Medical Corporation.
Read More
How can I contact Boston Scientific?

Boston Scientific's mailing address is 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA, 01752. The official website for the company is www.bostonscientific.com. The medical equipment provider can be reached via phone at (508) 683-4000, via email at bsxinvestorrelations@bsci.com, or via fax at 508-683-5675.

This page (NYSE:BSX) was last updated on 6/5/2023 by MarketBeat.com Staff

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