
Penumbra (PEN) Stock Forecast & Price Target
Penumbra (PEN) Analyst Ratings
Bulls say
Penumbra has exhibited substantial gross margin enhancement, with non-GAAP gross margin increasing from 63% in 2022 to approximately 67% in 2025, and management projecting a rise to around 70% by the end of 2026. The company's non-GAAP operating margin is anticipated to climb from 2% in 2023 to roughly 14% in 2025, supported by improved gross margins and SG&A leverage. Furthermore, the expectation of rising revenue and EPS estimates, along with potential operating margin acceleration, positions Penumbra favorably for future growth and profitability.
Bears say
Penumbra is facing significant headwinds due to challenges in its Chinese market, with an anticipated ~$40 million impact on revenue for 2024 and a similar forecast for 2025, decreasing expected growth from 17-19% to approximately 13-15%. Furthermore, the firm's bear case scenario suggests that revenue growth could drop to 14% or less, driven by inadequate contributions from new products and slower profitability improvements. Additional risks include competition pressures, delayed regulatory approvals, and potential dilution from acquisitions, which together create a challenging environment for the company’s future financial performance.
This aggregate rating is based on analysts' research of Penumbra and is not a guaranteed prediction by Public.com or investment advice.
Penumbra (PEN) Analyst Forecast & Price Prediction
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