Silk Road Medical (SILK) Stock Forecast & Price Target

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$26.88

+5.21 (+24.04%)

(As of 06/18/2024 ET)

Silk Road Medical - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Hold
Based on 11 Analyst Ratings

Consensus Price Target

$20.85
-22.43% Downside

High Forecast	$30.00
Average Forecast	$20.85
Low Forecast	$8.00

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	0 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$20.85	$22.55	$22.18	$48.25
Forecasted Upside	-22.43% Downside	18.84% Upside	18.09% Upside	24.90% Upside

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SILK Analyst Recommendations 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.

SILK 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.

Silk Road Medical Stock vs. The Competition

Type	Silk Road Medical	Medical Companies	S&P 500
Consensus Rating Score	2.09	2.70	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-22.43% Downside	1,068.18% Upside	11.31% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Lake Street Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$28.00 ➝ $27.50	+2.31%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$19.00 ➝ $21.00	+9.78%
5/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$18.00 ➝ $20.00	+9.11%
3/7/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$24.00	+53.35%
2/29/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$20.00 ➝ $23.00	+26.86%
10/24/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
Get the Latest News and Ratings for SILK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Silk Road Medical and its competitors with MarketBeat's FREE daily newsletter.
10/11/2023	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
10/11/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Sell	$35.00 ➝ $8.00	-42.82%
10/11/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Chatterji Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$54.00 ➝ $14.00	+0.07%
9/5/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$30.00	+61.29%
7/12/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Underperform	$51.00 ➝ $28.00	-14.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:10 AM ET.

SILK Forecast - Frequently Asked Questions

What is Silk Road Medical's stock forecast and purchase recommendation?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Silk Road Medical is $20.85, with a high forecast of $30.00 and a low forecast of $8.00. The consensus rating for Silk Road Medical stock is Hold based on the current 2 sell ratings, 6 hold ratings and 3 buy ratings for SILK. Learn more on SILK's analyst rating history.
Do Wall Street analysts like Silk Road Medical more than its competitors?: Analysts like Silk Road Medical less than other "medical" companies. The consensus rating for Silk Road Medical is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how SILK compares to other companies.
Does Silk Road Medical's stock price have much upside?: According to analysts, Silk Road Medical's stock has a predicted upside of 4.99% based on their 12-month stock forecasts.

What analysts cover Silk Road Medical?: Silk Road Medical has been rated by research analysts at JPMorgan Chase & Co., Lake Street Capital, and Piper Sandler in the past 90 days.