CONMED Corporation Stock Forecast NASDAQ:CNMD

Price Target and Analyst Ratings

Most Recent Rating

On July 15, 2021 "UBS Group" gave "$160.00" rating for CNMD. The price target was changed from $132.03 to 0.6%.

Last 30 Days

Historical Ratings

Date	Rating	Action	Authority	Current Price	Target Price
2021-07-15	$160.00	Initiated by	UBS Group	$128.34	$132.03→0.6%
2021-05-24	Overweight	Initiated by	Barclays	$138.39
2021-05-05	Overweight	Target Raised by	Piper Sandler	$141.40	$145.00 → $160.00
2021-04-29	Positive - Overweight	Target Raised by	Piper Sandler	$142.11	$145.00 → $160.00
2021-04-29	Positive - Overweight	Reiterated by	Piper Sandler	$142.11	$145.00 → $160.00
2021-01-28	Overweight	Target Raised by	Piper Sandler	$113.84	$95.00 → $145.00
2020-07-30	Buy	Target Raised by	Stifel Nicolaus	$87.34	$82.00 → $100.00
2020-07-30	Market Perform	Target Raised by	SVB Leerink	$87.34	$82.00 → $92.00
2020-07-29	Overweight	Target Raised by	Piper Sandler	$86.41	$90.00 → $95.00
2020-04-30	Overweight	Target Lowered by	Piper Sandler	$73.91	$110.00 → $90.00
2020-04-30	Hold	Reiterated by	Needham & Company LLC	$73.91
2020-04-30	Buy	Target Raised by	Stifel Nicolaus	$73.91	$65.00 → $82.00
2020-04-23	Overweight	Target Lowered by	JPMorgan Chase & Co.	$65.64	$136.00 → $76.00
2020-04-14	Buy	Reiterated by	Barclays	$74.10	$110.00

CNMD Stock Trend

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $131.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.

Given the current short-term trend, the stock is expected to fall -8.88% during the next 3 months and, with a 90% probability hold a price between $107.56 and $120.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

WARNING: Trend forecast is still in the development phase and should be used with caution. Some cases might produce unexpected results such as negative prices at the end of the trend.

Data

Date	Bottom	Mid	Top
2021-09-20	$117.83	$124.80	$131.77
2021-09-21	$117.63	$124.60	$131.57
2021-09-22	$117.43	$124.39	$131.36
2021-09-23	$117.22	$124.19	$131.16
2021-09-24	$117.02	$123.99	$130.96
2021-09-27	$116.81	$123.78	$130.75
2021-09-28	$116.61	$123.58	$130.55
2021-09-29	$116.40	$123.37	$130.34
2021-09-30	$116.20	$123.17	$130.14
2021-10-01	$116.00	$122.97	$129.94
2021-10-04	$115.79	$122.76	$129.73
2021-10-05	$115.59	$122.56	$129.53
2021-10-06	$115.38	$122.35	$129.32
2021-10-07	$115.18	$122.15	$129.12
2021-10-08	$114.98	$121.95	$128.91
2021-10-11	$114.77	$121.74	$128.71
2021-10-12	$114.57	$121.54	$128.51
2021-10-13	$114.36	$121.33	$128.30
2021-10-14	$114.16	$121.13	$128.10
2021-10-15	$113.96	$120.93	$127.89
2021-10-18	$113.75	$120.72	$127.69
2021-10-19	$113.55	$120.52	$127.49
2021-10-20	$113.34	$120.31	$127.28
2021-10-21	$113.14	$120.11	$127.08
2021-10-22	$112.94	$119.90	$126.87
2021-10-25	$112.73	$119.70	$126.67
2021-10-26	$112.53	$119.50	$126.47
2021-10-27	$112.32	$119.29	$126.26
2021-10-28	$112.12	$119.09	$126.06
2021-10-29	$111.91	$118.88	$125.85

About CONMED Corporation

CONMED CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for minimally invasive procedures in the United States, Canada, the United Kingdom, Japan, Australia, and internationally. The company offers sports medicine products, such as powered resection instruments, arthroscopes, reconstructive systems, tissue repair sets, metal and bio absorbable implants, and related disposable prod... Read more

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