Truist Financial analyst Jailendra Singh maintains $Medpace (MEDP.US)$ with a hold rating, and sets the target price at $347.
According to TipRanks data, the analyst has a success rate of 30.1% and a total average return of -16.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Medpace (MEDP.US)$'s main analysts recently are as follows:
The firm indicated that Medpace anticipates cancellations from the first to the third quarter to persist, potentially affecting book-to-bill ratios from the fourth quarter of 2024 to the second quarter of 2025. This would suggest a return to a book-to-bill ratio of 1.2x may not be feasible until the second half of 2025 at the earliest.
The firm indicates that it may be challenging for Medpace to experience much expansion in its multiple, given the low net new business and a potential dip in revenue growth by 2025. Nevertheless, the company's recent cancellation problems are considered likely to be short-lived, with expectations of a robust acceleration going into 2026.
Note:
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