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Zimmer Biomet (ZBH) Stock Forecast & Price Target

$101.77
-0.51 (-0.50%)
(As of 10/8/2024 ET)

Zimmer Biomet - 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

Sell
2
Hold
12
Buy
7

Based on 21 Wall Street analysts who have issued ratings for Zimmer Biomet in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 2 have given a sell rating, 12 have given a hold rating, and 7 have given a buy rating for ZBH.

Consensus Price Target

$124.53
22.36% Upside
According to the 21 analysts' twelve-month price targets for Zimmer Biomet, the average price target is $124.53. The highest price target for ZBH is $150.00, while the lowest price target for ZBH is $107.00. The average price target represents a forecasted upside of 22.36% from the current price of $101.77.
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ZBH Analyst Ratings Over Time

TypeCurrent Forecast
10/9/23 to 10/8/24
1 Month Ago
9/9/23 to 9/8/24
3 Months Ago
7/11/23 to 7/10/24
1 Year Ago
10/9/22 to 10/9/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
Hold
12 Hold rating(s)
11 Hold rating(s)
10 Hold rating(s)
7 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$124.53$126.00$130.59$144.89
Forecasted Upside22.36% Upside20.22% Upside22.16% Upside30.91% Upside
Consensus Rating
Hold
Hold
Hold
Hold

ZBH 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.
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ZBH 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.
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Zimmer Biomet Stock vs. The Competition

TypeZimmer BiometMedical CompaniesS&P 500
Consensus Rating Score
2.24
2.78
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside22.54% Upside10,819.51% Upside7.88% Upside
News Sentiment Rating
Neutral News

See Recent ZBH News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/8/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperform ➝ Outperform$130.00 ➝ $120.00+17.86%
10/3/2024BTIG Research
2 of 5 stars
 Lower TargetBuy ➝ Buy$134.00 ➝ $126.00+20.56%
10/1/2024Evercore ISI
2 of 5 stars
 Lower TargetIn-Line ➝ In-Line$113.00 ➝ $110.00+2.31%
9/17/2024Needham & Company LLC
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 Reiterated RatingHold
9/16/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$125.00 ➝ $120.00+12.46%
9/13/2024Truist Financial
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 Reiterated RatingHold ➝ Hold$117.00 ➝ $112.00+4.52%
9/10/2024Canaccord Genuity Group
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 Lower TargetHold ➝ Hold$120.00 ➝ $115.00+10.09%
9/10/2024Wolfe Research
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M. Polark
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Initiated CoveragePeer Perform
9/6/2024TD Cowen
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 Lower TargetHold ➝ Hold$143.00 ➝ $119.00+13.61%
8/8/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$138.00 ➝ $128.00+19.15%
8/8/2024UBS Group
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 Lower TargetSell ➝ Sell$112.00 ➝ $107.00-0.07%
8/8/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$155.00 ➝ $145.00+37.01%
8/8/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$155.00 ➝ $145.00+37.01%
7/15/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$130.00 ➝ $120.00+12.21%
7/10/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$134.00 ➝ $120.00+12.25%
7/1/2024Piper Sandler
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M. O'brien
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DowngradeOverweight ➝ Neutral$140.00 ➝ $115.00+5.96%
5/31/2024Barclays
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 Lower TargetUnderweight ➝ Underweight$130.00 ➝ $125.00+9.39%
5/30/2024The Goldman Sachs Group
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 Initiated CoverageNeutral$129.00+12.04%
5/21/2024Argus
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D. Toung
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UpgradeHold ➝ Buy$150.00+25.89%
11/13/2023JMP Securities
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 Lower TargetMarket Outperform ➝ Market Outperform$160.00 ➝ $140.00+31.14%
10/20/2023Roth Mkm
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 Initiated CoverageNeutral$120.00+14.56%
5/18/202322nd Century Group
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 Reiterated RatingMaintains
5/18/2023888
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 Reiterated RatingMaintains
5/18/2023Stifel Nicolaus
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 Boost Target$160.00 ➝ $165.00+22.19%
5/3/202358.com
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 Reiterated RatingMaintains
5/3/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$121.00 ➝ $147.00+4.13%
5/3/2023FIG Partners
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 UpgradeNeutral
5/3/2023Bank of America
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 UpgradeUnderperform ➝ Neutral
5/3/2023Sanford C. Bernstein
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 Boost Target$136.00 ➝ $152.00+6.29%
3/31/2023Jefferies Financial Group
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 UpgradeUnderperform ➝ Hold$115.00 ➝ $130.00+2.56%
2/6/2023Loop Capital
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 Boost Target$125.00 ➝ $140.00+8.15%
11/23/2022Wells Fargo & Company
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 UpgradeUnderweight ➝ Equal Weight$116.00 ➝ $124.00+7.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:19 PM ET.


Should I Buy Zimmer Biomet Stock? ZBH Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 7, 2024. Please send any questions or comments about these Zimmer Biomet pros and cons to contact@marketbeat.com.

Zimmer Biomet
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Zimmer Biomet Holdings, Inc.:

  • Zimmer Biomet has a market capitalization of $21.69 billion, indicating a strong position in the market.
  • The company's P/E ratio of 23.06 suggests potential undervaluation compared to industry peers.
  • Recent quarterly earnings report showed a positive surprise with earnings per share beating estimates by $0.02, indicating strong financial performance.
  • With a dividend yield of 0.90%, Zimmer Biomet offers investors a steady income stream.
  • The company's 200-day simple moving average of $115.11 indicates a stable long-term price trend.

Zimmer Biomet
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Zimmer Biomet Holdings, Inc. for these reasons:

  • Analyst ratings have been mixed, with some lowering price targets, suggesting uncertainty in the stock's future performance.
  • The company's stock has a 12-month high of $133.90, potentially limiting short-term growth opportunities.
  • Debt-to-equity ratio of 0.31 may indicate higher financial leverage, increasing risk for investors.
  • Recent price target reductions by analysts could signal concerns about future growth prospects.
  • Current stock price may not fully reflect potential risks and uncertainties in the market.

ZBH Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Zimmer Biomet is $124.53, with a high forecast of $150.00 and a low forecast of $107.00.

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zimmer Biomet in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ZBH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZBH, but not buy additional shares or sell existing shares.

According to analysts, Zimmer Biomet's stock has a predicted upside of 22.36% based on their 12-month stock forecasts.

Analysts like Zimmer Biomet less than other "medical" companies. The consensus rating for Zimmer Biomet is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how ZBH compares to other companies.


This page (NYSE:ZBH) was last updated on 10/8/2024 by MarketBeat.com Staff
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