# Globus Medical, Inc.  Share Price Target ‘$66.92’, now -2.5% Downside Potential

- Link: https://www.directorstalkinterviews.com/globus-medical-inc.share-price-target-66.92-now-2.5-downside-potential/4121163955
- Published: 2024-07-05T16:10:31+01:00
- Author: Charlotte Edwards

**Globus Medical, Inc.** which can be found using ticker (GMED) have now 13 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 $85.00 and $25.00 
calculating the average target share price we see $66.92. (at the time of writing).
Given that the stocks previous close was at $68.62 this now indicates there is a
potential downside of -2.5%. The 50 day moving average now sits at $62.74 while 
the 200 day moving average is $54.14. The market capitalization for the company 
is 9.23B. The stock price is currently at: $68.32 USD

 The potential market cap would be $8,998,500,897 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 126.52, revenue per share of $15.58
and a 5.27% 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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