Icad Stock Target Price and Analyst Consensus

ICAD Stock  USD 2.37  0.03  1.25%   
The current analyst and expert consensus on Icad is Strong Buy, with 4 strong buy opinions. The current projected Icad target price consensus is 20.75 with 4 analyst opinions. The most common way Icad Inc analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Icad executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Icad. We encourage you to use your own analysis of Icad Inc to validate this buy or sell advice. Icad buy-or-sell recommendation module provides average expert sentiment on the projected Icad Inc target price to derive its highest and lowest estimates based on projected price volatility of 4.425. Please see Macroaxis Advice on Icad to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
As of February 4, 2023, Gross Profit is expected to decline to about 21 M. In addition to that, Profit Margin is expected to decline to -41.48. Icad Assets Non Current are projected to decrease significantly based on the last few years of reporting. The past year's Assets Non Current were at 10.7 Million. The current year Cash and Equivalents is expected to grow to about 33.3 M, whereas Receivables is forecasted to decline to about 7.2 M.

Icad Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Icad target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts performance other than comparing it to the past results via a very sophisticated attribution analysis. Icad target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Number of Opinions4
Lowered Outlook0
Raized Outlook0
Strong Buy
Most Icad analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Icad stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Icad Inc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Icad Target Price Projection

Icad's current and average target prices are 2.37 and 20.75, respectively. The current price of Icad is the price at which Icad Inc is currently trading. On the other hand, Icad's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Icad Market Quote on 4th of February 2023

Low Price2.35Odds
High Price2.4Odds

2.37

Target Price

Analyst Consensus On Icad Target Price

Low Estimate16.0Odds
High Estimate25.0Odds
Number of Analysts4
Standard Deviation4.425

20.75

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Icad Inc and the information provided on this page.

Icad Analyst Ratings

Icad's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Icad stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Icad's financials, market performance, and future outlook by experienced professionals. Icad's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Icad price targets

Icad's stock target price is an estimate of its future price, usually made by analysts. Using Icad's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Icad's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Icad's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Icad Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Icad is a key component of Icad valuation and have some predictive power on the future returns of a Icad.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Icad's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Icad in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.122.306.87
Details
Intrinsic
Valuation
LowReal ValueHigh
2.306.8711.44
Details
Naive
Forecast
LowNext ValueHigh
0.0479092.406.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.552.052.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icad. Your research has to be compared to or analyzed against Icad's peers to derive any actionable benefits. When done correctly, Icad's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Icad Inc.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Macroaxis Index
Invested over 500 shares
Corona Opportunity
Invested over 100 shares
Please see Macroaxis Advice on Icad to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. Note that the Icad Inc information on this page should be used as a complementary analysis to other Icad's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Icad Inc price analysis, check to measure Icad's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.
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The data published in Icad's official financial statements usually reflect Icad's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Icad Inc. For example, before you start analyzing numbers published by Icad accountants, it's critical to develop an understanding of what Icad's liquidity, profitability, and earnings quality are in the context of the Health Care Technology space in which it operates.
Please note, the presentation of Icad's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Icad's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Icad's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Icad Inc. Please utilize our Beneish M Score to check the likelihood of Icad's management to manipulate its earnings.