Boston Scientific Corp

Boston Scientific Corp Stock Forecast & Price Prediction

Live Boston Scientific Corp Stock (BSX) Price
$87.10

24

Ratings

  • Buy 18
  • Hold 6
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$87.10

P/E Ratio

70.08

Volume Traded Today

$4.9M

Dividend

Dividends not available for BSX

52 Week High/low

87.28/49.15

Boston Scientific Corp Market Cap

$126.94B

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BSX Summary

Based on ratings from 24 stock analysts, the Boston Scientific Corp stock price is expected to increase by 2.06% in 12 months. This is calculated by using the average 12-month stock price forecast for Boston Scientific Corp. The lowest target is $78 and the highest is $100. Please note analyst price targets are not guaranteed and could be missed completely.

BSX Analyst Ratings

Boston Scientific Corp has a total of 24 Wall St Analyst ratings. There are 18 buy ratings, 6 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Boston Scientific Corp will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

BSX stock forecast by analyst

These are the latest 20 analyst ratings of BSX.

Analyst/Firm

Rating

Price Target

Change

Date

Shagun Singh
RBC Capital

Outperform

$95

Maintains

Oct 8, 2024
Vijay Kumar
Evercore ISI Group

Outperform

$90

Maintains

Oct 1, 2024
Jayson Bedford
Raymond James

Strong Buy

$94

Maintains

Sep 4, 2024
Matt Miksic
Barclays

Overweight

$86

Maintains

Aug 22, 2024
Joanne Wuensch
Citigroup

Buy

$92

Maintains

Aug 22, 2024
Robbie Marcus
JP Morgan

Overweight

$85

Maintains

Jul 25, 2024
Jayson Bedford
Raymond James

Strong Buy

$91

Maintains

Jul 25, 2024
Mike Matson
Needham

Buy

$86

Maintains

Jul 25, 2024
Shagun Singh
RBC Capital

Outperform

$85

Reiterates

Jul 25, 2024
Pito Chickering
Deutsche Bank

Hold

$78

Maintains

Jul 25, 2024
William Plovanic
Canaccord Genuity

Buy

$88

Maintains

Jul 25, 2024
David Rescott
Baird

Outperform

$91

Maintains

Jul 25, 2024
Richard Newitter
Truist Securities

Buy

$90

Maintains

Jul 16, 2024
Joshua Jennings
TD Cowen

Buy

$86

Maintains

Jul 16, 2024
Marie Thibault
BTIG

Buy

$84

Maintains

Jul 15, 2024
Patrick Wood
Morgan Stanley

Overweight

$92

Maintains

Jul 15, 2024

Citigroup

Buy


Maintains

Jul 11, 2024
Joanne Wuensch
Citigroup

Buy

$90

Maintains

Jul 10, 2024
Vijay Kumar
Evercore ISI Group

Outperform

$81

Maintains

Jul 2, 2024
Mike Matson
Needham

Buy

$82

Reiterates

Jun 18, 2024

BSX Company Information

What They Do: Develops medical devices for interventional specialties.

Business Model: Boston Scientific Corporation generates revenue through the development, manufacturing, and marketing of a wide range of medical devices across two primary segments: MedSurg and Cardiovascular. The company offers products for various medical conditions, including gastrointestinal, urological, neurological, and cardiovascular issues, which are sold to healthcare providers and organizations worldwide.

Other Information: Founded in 1979 and headquartered in Marlborough, Massachusetts, Boston Scientific is a key player in the medical device industry, focusing on innovative technologies to enhance patient care. Its diverse product portfolio includes advanced devices for treating chronic pain, cardiac abnormalities, and cancer, positioning the company for growth in a rapidly evolving healthcare market.
BSX
Boston Scientific Corp (BSX)

When did it IPO

1992

Staff Count

48,000

Country

United States

Sector/Industry

Healthcare/Medical Devices

CEO

Mr. Michael F. Mahoney

Market Cap

$126.94B

Boston Scientific Corp (BSX) Financial Data

In 2023, BSX generated $14.24B in revenue, which was a increase of 12.29% from the previous year. This can be seen as a signal that BSX's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$9.91B

Revenue From 2021

$11.89B

19.92 %
From Previous Year

Revenue From 2022

$12.68B

6.68 %
From Previous Year

Revenue From 2023

$14.24B

12.29 %
From Previous Year
  • Revenue TTM $15.23B
  • Operating Margin TTM 19.4%
  • Gross profit TTM $9.90B
  • Return on assets TTM 4.8%
  • Return on equity TTM 9.3%
  • Profit Margin 12.0%
  • Book Value Per Share 13.85%
  • Market capitalisation $126.94B
  • Revenue for 2021 $11.89B
  • Revenue for 2022 $12.68B
  • Revenue for 2023 $14.24B
  • EPS this year (TTM) $1.23

Boston Scientific Corp (BSX) Latest News

News Image

Tue, 08 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Analyst recommendations from brokerage firms can significantly impact stock prices, influencing investors' decisions to buy, sell, or hold.

Why It Matters - Analyst recommendations can significantly sway stock prices, impacting investor sentiment and trading volume, which can lead to volatility and potential investment opportunities.

News Image

Wed, 09 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Boston Scientific (BSX) and Arcellx, Inc. (ACLX) have shown performance metrics relative to their sector in 2023. Further details on their specific performance were not provided.

Why It Matters - Performance comparisons highlight relative strength or weakness, influencing investment decisions and portfolio strategies based on sector trends and individual company outlooks.

News Image

Mon, 07 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Royal Caribbean Cruises, Boston Scientific, and Monolithic Power Systems are identified as top investment picks due to their high net income ratios.

Why It Matters - High net income ratios indicate strong profitability, making these stocks attractive for potential growth and stability, influencing investment decisions and market confidence.

News Image

Fri, 04 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Boston Scientific (BSX) closed at $84.54, marking an increase of 0.86% from the previous trading day.

Why It Matters - The 0.86% increase in Boston Scientific's stock price reflects positive market sentiment, which could indicate investor confidence and potential for future growth.

News Image

Wed, 02 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Boston Scientific Corporation (NYSE: BSX) will host a webcast on October 23, 2024, at 8:00 a.m. to discuss Q3 financial results and a cardiology business update.

Why It Matters - The webcast will provide insights into Boston Scientific's Q3 financial performance and cardiology business developments, influencing investor sentiment and stock valuation.

News Image

Wed, 02 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - BSX's recent acquisitions have expanded its product offerings, indicating potential growth opportunities for the company.

Why It Matters - BSX's acquisitions enhance its product portfolio, signaling growth potential and competitive advantage, which could lead to increased revenue and investor confidence.

...

BSX Frequently asked questions

The highest forecasted price for BSX is $100 from at .

The lowest forecasted price for BSX is $78 from Shagun Singh from RBC Capital

The BSX analyst ratings consensus are 18 buy ratings, 6 hold ratings, and 0 sell ratings.