NUVASIVE INC (NUVA) Forecast, Price Target & Analyst Ratings

NASDAQ:NUVA • US6707041058

Current stock price

39.75 USD
-0.91 (-2.24%)
At close:
39.88 USD
+0.13 (+0.33%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for NUVASIVE INC (NUVA).

Forecast Snapshot

Consensus Price Target

Price Target
$50.72
+ 27.60% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 7, 2023
Period
Q3 / 2023
EPS Estimate
$0.56
Revenue Estimate
322.42M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
70.91%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$50.72
Upside
+ 27.60%
From current price of $39.75 to mean target of $50.72, Based on 22 analyst forecasts
Low
$42.42
Median
$51.00
High
$60.90

Price Target Revisions

1 Month
1.53%
3 Months
2.05%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for NUVA. The average price target is 50.72 USD. This implies a price increase of 27.6% is expected in the next year compared to the current price of 39.75.
The average price target has been revised upward by 2.05% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

NUVA Current Analyst RatingNUVA Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

NUVA Historical Analyst RatingsNUVA Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
70.91%
NUVA was analyzed by 22 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about NUVA.
In the previous month the buy percentage consensus was at a similar level.
NUVA was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-08-04BarclaysMaintains Overweight -> Overweight
2023-08-04Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2023-07-19Truist SecuritiesMaintains Hold -> Hold
2023-05-31Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2023-05-15RBC CapitalReiterate Outperform -> Outperform
2023-05-12BarclaysMaintains Overweight -> Overweight
2023-05-11RBC CapitalReiterate Outperform -> Outperform
2023-05-11Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2023-02-23JP MorganMaintains Neutral
2023-02-23Morgan StanleyMaintains Equal-Weight
2023-02-10Wells FargoDowngrade Overweight -> Equal-Weight
2023-02-10Truist SecuritiesDowngrade Buy -> Hold
2023-02-10CitigroupDowngrade Buy -> Neutral
2023-02-09Piper SandlerDowngrade Overweight -> Neutral
2023-01-31Truist SecuritiesMaintains Buy
2023-01-06NeedhamDowngrade Buy -> Hold
2022-11-10NeedhamMaintains Buy
2022-11-10RBC CapitalMaintains Outperform
2022-11-10Wells FargoMaintains Overweight
2022-11-10Morgan StanleyMaintains Equal-Weight
2022-11-10Piper SandlerMaintains Overweight
2022-10-18BarclaysInitiate Overweight
2022-10-12JefferiesInitiate Hold
2022-10-07Truist SecuritiesMaintains Buy
2022-10-07BairdMaintains Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 7, 2023
Period
Q3 / 2023
EPS Estimate
$0.56
Revenue Estimate
322.42M
Revenue Q2Q
9.19%
EPS Q2Q
3.73%
Number of Analysts
18

Next Earnings Revisions

Revenue (1 Month)
-0.02%
Revenue (3 Months)
-0.63%
EPS (1 Month)
0.00%
EPS (3 Months)
1.88%

Next Earnings Summary

NUVA is expected to report earnings on 11/7/2023. The consensus EPS estimate for the next earnings is 0.56 USD and the consensus revenue estimate is 322.42M USD.
The next earnings revenue estimate has been revised downward by 0.63% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025 2026 2027
Revenue
YoY % growth
NUVA revenue by date.NUVA revenue by date.
1.051B
-10.06%		1.139B
8.41%		1.202B
5.53%		1.306B
8.66%		1.39B
6.43%		1.486B
6.91%		1.568B
5.52%		1.719B
9.63%
EBITDA
YoY % growth
NUVA ebitda by date.NUVA ebitda by date.
191.1M
-25.56%		206.214M
7.91%		230.473M
11.76%		309.08M
34.11%		342.72M
10.88%		375.41M
9.54%		430.9M
14.78%		496.74M
15.28%
EBIT
YoY % growth
NUVA ebit by date.NUVA ebit by date.
50.2M
-58.55%		56.69M
12.93%		83.44M
47.19%		171.49M
105.52%		198.43M
15.71%		228.85M
15.33%		272.85M
19.23%		299.88M
9.91%
Operating Margin
NUVA operating margin by date.NUVA operating margin by date.
4.78%4.98%6.94%13.13%14.28%15.40%17.40%17.45%
EPS
YoY % growth
NUVA eps by date.NUVA eps by date.
1.22
-50.81%		1.69
38.52%		1.98
17.16%		2.26
13.97%		2.61
15.67%		3.00
15.06%		3.30
10.04%		3.87
16.98%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24
EPS
Q2Q % growth		0.56
3.73%		0.64
49.43%		0.55
16.91%		0.63
11.68%		0.63
12.54%		0.72
12.28%
Revenue
Q2Q % growth		322.42M
9.19%		345.01M
12.95%		331.86M
7.85%		345.16M
8.61%		342.77M
6.31%		361.49M
4.78%
EBITDA
Q2Q % growth		79.562M
-40.97%		85.248M
-48.48%		77.171M
70.55%		86.883M
-7.73%		87.733M
10.27%		94.865M
11.28%
EBIT
Q2Q % growth		43.773M
78.08%		50.241M
172.77%		41.419M
251.60%		47.173M
69.83%		48.32M
10.39%		57.64M
14.73%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

NUVA Yearly Revenue VS EstimatesNUVA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
NUVA Yearly EPS VS EstimatesNUVA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
14.90%
EPS Next 5 Year
14.32%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
6.45%
Revenue Next 5 Year
6.89%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
33.66%
EBIT Next 5 Year
25.87%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

NUVASIVE INC / NUVA Forecast FAQ

What is the price target for NUVA stock?

22 analysts have analysed NUVA and the average price target is 50.72 USD. This implies a price increase of 27.6% is expected in the next year compared to the current price of 39.75.

What is the next earnings date for NUVA stock?

NUVASIVE INC (NUVA) will report earnings on 2023-11-07, after the market close.

Can you provide the consensus estimates for NUVASIVE INC next earnings?

The consensus EPS estimate for the next earnings of NUVASIVE INC (NUVA) is 0.56 USD and the consensus revenue estimate is 322.42M USD.

What is the number of analysts for NUVA stock?

The number of analysts covering NUVASIVE INC (NUVA) is 22.