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Surmodics Inc has a consensus price target of $43 based on the ratings of 4 analysts. The high is $43 issued by Lake Street on May 29, 2024. The low is $43 issued by Lake Street on May 29, 2024. The 3 most-recent analyst ratings were released by Lake Street, Sidoti & Co., and Barrington Research on May 29, 2024, May 29, 2024, and May 2, 2024, respectively. With an average price target of $52.33 between Lake Street, Sidoti & Co., and Barrington Research, there's an implied 34.19% upside for Surmodics Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Surmodics (NASDAQ:SRDX) was reported by Needham on August 5, 2024. The analyst firm set a price target for $0.00 expecting SRDX to fall to within 12 months (a possible -100.00% downside). 11 analyst firms have reported ratings in the last year.
The latest analyst rating for Surmodics (NASDAQ:SRDX) was provided by Needham, and Surmodics reiterated their hold rating.
The last upgrade for Surmodics Inc happened on June 13, 2023 when Needham raised their price target to $36. Needham previously had a hold for Surmodics Inc.
The last downgrade for Surmodics Inc happened on May 30, 2024 when Barrington Research changed their price target from N/A to N/A for Surmodics Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Surmodics, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Surmodics was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Surmodics (SRDX) rating was a reiterated with a price target of $0.00 to $0.00. The current price Surmodics (SRDX) is trading at is $39.00, which is out of the analyst’s predicted range.
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