# Globus Medical, Inc. – Consensus ‘buy’ rating and 23.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/globus-medical-inc.consensus-buy-rating-and-23.5-upside-potential/4121130305
- Published: 2023-10-20T13:57:24+01:00
- Author: Charlotte Edwards

**Globus Medical, Inc.** with ticker code (GMED) now have 11 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The range between the high
target price and low target price is between 86 and 58 calculating the mean target
price we have $66.55. Given that the stocks previous close was at $53.88 this is
indicating there is a potential upside of 23.5%. The 50 day moving average now sits
at $52.85 and the 200 day moving average is $58.48. The company has a market cap
of 7.18B. The stock price for the company is currently 51.4 USD

 The potential market cap would be $8,874,188,335 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 27.49, revenue per share of 10.96
and a 7.51% return on assets.

Globus Medical, Inc. is a medical device company that develops and commercializes
healthcare solutions. The Company’s product categories include Musculoskeletal Solutions
and Enabling Technologies. Musculoskeletal Solutions consist primarily of implantable
devices, biologics, accessories, and surgical instruments used in a range of spinal,
orthopedic and neurosurgical procedures. Its spine products address the majority
of conditions affecting the spine, including degenerative conditions, deformity,
tumors, and trauma. It provides solutions that facilitate both open and minimally
invasive surgery (MIS) techniques. It includes traditional fusion implants, such
as pedicle screws and rod systems. Its orthopedic trauma solutions are designed 
to treat a variety of orthopedic fracture patterns and patient anatomies in the 
upper and lower extremities, as well as the hip. Enabling Technologies is comprised
of imaging, navigation and robotics (INR) solutions for assisted surgery.

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