# Globus Medical, Inc.  Share Price Target ‘$66.92’, now -3.6% Downside Potential

- Link: https://www.directorstalkinterviews.com/globus-medical-inc.share-price-target-66.92-now-3.6-downside-potential/4121164727
- Published: 2024-07-12T14:40:40+01:00
- Author: Charlotte Edwards

**Globus Medical, Inc.** which can be found using ticker (GMED) have now 13 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
target price High/Low ranges between $85.00 and $25.00 with the average share target
price sitting at $66.92. (at the time of writing). Now with the previous closing
price of $69.43 this would indicate that there is a downside of -3.6%. The 50 day
MA is $64.57 and the 200 day moving average is $54.57. The company has a market 
capitalization of 9.56B. The stock price for the company is currently $70.75 USD

 The potential market cap would be $9,209,843,959 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 131.02, 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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