Merit Medical Systems, Inc. (MMSI) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 14 analysts30.6% Below Target
MMSI trades 30.6% below Wall Street's consensus target of $94.20.
Current Price$72.14
Average Target$94.20
Target
Current
Low$78.00
Median$96.00
High$107.00
Analyst Target Range
Forward P/E17.7x
(Fair)
PEG Ratio—
Implied Growth+75.3%
(High Growth)
Analyst Spread30.8%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MMSI achieves its forward estimates and maintains a stable P/E multiple of 17.7x. This scenario reflects the blended consensus of 14 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MMSI Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Merit Medical Systems, Inc. (MMSI) has a Wall Street consensus price target of $94.20, based on estimates from 14 covering analysts. With the stock currently trading at $72.14, this represents a potential upside of +30.6%. The company has a market capitalization of $4.30B.
Analyst price targets range from a low of $78.00 to a high of $107.00, representing a 31% spread in expectations. The median target of $96.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 11 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MMSI trades at a trailing P/E of 33.9x and forward P/E of 17.7x. Analysts expect EPS to grow +75.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $91.67, with bear and bull scenarios of $57.75 and $120.79 respectively. Model confidence stands at 54/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Healthcare stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+173.6%
Industry Consensus
Avg Forward P/E
144.1x
(High Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ITGRInteger Holdings Corporation | $3.2B | $91.90 | $108.00 | +17.5% | Buy | 15.1x | 15 |
 NNOXNano-X Imaging Ltd. | $86M | $1.24 | $18.00 | +1351.6% | Buy | — | 5 |
 ATRCAtriCure, Inc. | $1.7B | $32.80 | $51.33 | +56.5% | Buy | 926.6x | 19 |
 NVCRNovoCure Limited | $2.0B | $17.72 | $33.00 | +86.2% | Buy | — | 15 |
 INVAInnoviva, Inc. | $1.6B | $22.25 | $37.00 | +66.3% | Buy | 6.2x | 10 |
 ANGOAngioDynamics, Inc. | $540M | $13.07 | $16.50 | +26.2% | Hold | — | 11 |
 BSXBoston Scientific Corporation | $67.3B | $45.30 | $82.40 | +81.9% | Buy | 13.5x | 44 |
 BDXBecton, Dickinson and Company | $56.6B | $156.30 | $174.81 | +11.8% | Hold | 12.4x | 34 |
 MDTMedtronic plc | $107.6B | $83.83 | $95.80 | +14.3% | Buy | 14.1x | 51 |
 SYKStryker Corporation | $120.1B | $313.38 | $387.46 | +23.6% | Buy | 20.9x | 51 |
MMSI — Frequently Asked Questions
Quick answers to the most common questions about buying MMSI stock.
What is the MMSI stock price target for 2026?
The consensus Wall Street price target for MMSI is $94.2, representing 30.6% upside from the current price of $72.14. With 14 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is MMSI a buy, sell, or hold?
MMSI has a consensus rating of "Buy" based on 14 Wall Street analysts. The rating breakdown is predominantly bullish, with 11 Buy/Strong Buy ratings. The consensus 12-month price target of $94.2 implies 30.6% upside from current levels.
Is MMSI stock overvalued or undervalued?
With a forward P/E of 17.7205x, MMSI trades at a relatively low valuation. The consensus target of $94.2 implies 30.6% appreciation, suggesting meaningful undervaluation.
How high can MMSI stock go?
The most bullish Wall Street analyst has a price target of $107 for MMSI, while the most conservative target is $78. The consensus of $94.2 represents the median expectation. Our quantitative valuation model projects a bull case target of $121 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MMSI stock?
MMSI is moderately covered, with 14 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 2 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MMSI stock forecast?
The 12-month MMSI stock forecast based on 14 Wall Street analysts shows a consensus price target of $94.2, with estimates ranging from $78 (bear case) to $107 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $92, with bear/bull scenarios of $58/$121.
What is MMSI's fair value based on fundamentals?
Our quantitative valuation model calculates MMSI's fair value at $92 (base case), with a bear case of $58 and bull case of $121. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 54/100.
What is MMSI's forward P/E ratio?
MMSI trades at a forward P/E ratio of 17.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 33.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MMSI stock?
Wall Street analysts are very optimistic on MMSI, with a "Buy" consensus rating and $94.2 price target (30.6% upside). 11 of 14 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MMSI price targets vary so much?
MMSI analyst price targets range from $78 to $107, a 31% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $94.2 consensus represents the middle ground. Our model's $58-$121 range provides an independent fundamental perspective.
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