SOMALOGIC INC (SLGC) Forecast, Price Target & Analyst Ratings

NASDAQ:SLGCUS83444K1051

Current stock price

2.1 USD
-0.1 (-4.55%)
At close:
2 USD
-0.1 (-4.76%)
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 SOMALOGIC INC (SLGC).

Forecast Snapshot

Consensus Price Target

Price Target
$4.01
+ 91.05% Upside

Next Earnings Forecast

Earnings Estimate
Release Date
Mar 26, 2024
Period
Q4 / 2023
EPS Estimate
-$0.16
Revenue Estimate
21.471M

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$4.01
Upside
+ 91.05%
From current price of $2.10 to mean target of $4.01, Based on 10 analyst forecasts
Low
$2.32
Median
$2.55
High
$7.35

Price Target Revisions

1 Month
0.00%
3 Months
-21.33%

Price Target Summary

10 Wall Street analysts provided a forecast for the next 12 months for SLGC. The average price target is 4.01 USD. This implies a price increase of 91.05% is expected in the next year compared to the current price of 2.1.
The average price target has been revised downward by 21.33% in the past 3 months.

Analyst Ratings & History

Current Analyst Ratings

SLGC Current Analyst RatingSLGC Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0 0 0 0 0

Analyst Ratings History

SLGC Historical Analyst RatingsSLGC 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 2 4 6 8

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
SLGC was analyzed by 10 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about SLGC.
In the previous month the buy percentage consensus was at a similar level.
SLGC was analyzed by 10 analysts. More opinions would make the average more meaningful.

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-10-05JefferiesDowngrade Buy -> Hold
2023-09-25Canaccord GenuityDowngrade Buy -> Hold
2023-03-29TD CowenMaintains Outperform
2023-03-29StifelMaintains Buy
2023-03-29Canaccord GenuityMaintains Buy
2022-08-16Cowen & Co.Maintains Outperform
2022-06-23Cowen & Co.Maintains Outperform
2022-05-13Canaccord GenuityMaintains Buy
2022-02-01StifelInitiate Buy
2021-12-14Canaccord GenuityInitiate Buy
2021-12-10JefferiesInitiate Buy
2021-11-23Cowen & Co.Initiate Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Mar 26, 2024
Period
Q4 / 2023
EPS Estimate
-$0.16
Revenue Estimate
21.471M
Revenue Q2Q
14.03%
EPS Q2Q
39.19%
Number of Analysts
6

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
1.32%
EPS (1 Month)
0.00%
EPS (3 Months)
7.46%

Next Earnings Summary

SLGC is expected to report earnings on 3/26/2024. The consensus EPS estimate for the next earnings is -0.16 USD and the consensus revenue estimate is 21.47M USD.
The next earnings revenue estimate has been revised upward by 1.32% in the past 3 months.

Full Analyst Estimates 2023 - 2030

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

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
SLGC revenue by date.SLGC revenue by date.
55.89M
73.63%
81.63M
46.05%
97.67M
19.65%
85.476M
-12.48%
100.6M
17.69%
120.84M
20.12%
143.16M
18.47%
170.24M
18.92%
205.33M
20.61%
245.51M
19.57%
292.94M
19.32%
EBITDA
YoY % growth
SLGC ebitda by date.SLGC ebitda by date.
-31.41M
34.27%
-70.74M
-125.21%
-171.19M
-142.00%
-110.849M
35.25%
-92.565M
16.49%
-82.892M
10.45%
-108.834M
-31.30%
-98.226M
9.75%
-83.64M
14.85%
-63.444M
24.15%
-34.782M
45.18%
EBIT
YoY % growth
SLGC ebit by date.SLGC ebit by date.
-34.23M
32.82%
-73.31M
-114.17%
-175.76M
-139.75%
-132.6M
24.56%
-111.053M
16.25%
-96.628M
12.99%
-71.349M
26.16%
-108.426M
-51.97%
-94.86M
12.51%
-75.684M
20.22%
-49.47M
34.64%
Operating Margin
SLGC operating margin by date.SLGC operating margin by date.
-61.25%-89.81%-179.95%-155.13%-110.39%-79.96%-49.84%-63.69%-46.20%-30.83%-16.89%
EPS
YoY % growth
SLGC eps by date.SLGC eps by date.
N/AN/A-0.59
2.37%
-0.60
-2.43%
-0.54
10.13%
-0.51
6.73%
-0.53
-4.70%
-0.47
11.54%
-0.39
17.39%
-0.28
28.95%
-0.15
44.44%

All data in USD

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

Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24
EPS
Q2Q % growth
-0.16
39.19%
-0.15
17.83%
-0.14
-5.92%
-0.12
-4.13%
-0.14
14.52%
Revenue
Q2Q % growth
21.471M
14.03%
22.899M
12.36%
24.276M
18.59%
26.775M
21.43%
26.699M
24.35%
EBITDA
Q2Q % growth
-26.342M
47.22%
-24.514M
36.23%
-23.018M
16.18%
-21.998M
-19.68%
-21.386M
18.81%
EBIT
Q2Q % growth
-32.436M
40.46%
-28.152M
29.95%
-26.724M
14.07%
-25.874M
-8.17%
-25.33M
21.91%

All data in USD

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

SLGC Yearly Revenue VS EstimatesSLGC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50M 100M 150M 200M 250M
SLGC Yearly EPS VS EstimatesSLGC Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 -0.2 -0.4 -0.6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
4.51%
EPS Next 5 Year
3.80%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
7.50%
Revenue Next 5 Year
11.84%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
14.46%
EBIT Next 5 Year
7.07%

SOMALOGIC INC / SLGC Forecast FAQ

What do analysts expect the price target to be for SOMALOGIC INC (SLGC)?

10 analysts have analysed SLGC and the average price target is 4.01 USD. This implies a price increase of 91.05% is expected in the next year compared to the current price of 2.1.

When does SOMALOGIC INC (SLGC) report earnings?

SOMALOGIC INC (SLGC) will report earnings on 2024-03-26, after the market close.

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

The consensus EPS estimate for the next earnings of SOMALOGIC INC (SLGC) is -0.16 USD and the consensus revenue estimate is 21.47M USD.

Can you provide the consensus rating for SOMALOGIC INC stock?

The consensus rating for SOMALOGIC INC (SLGC) is 80 / 100 . This indicates that analysts generally have a positive outlook on the stock.