CRMD trades 61.5% below Wall Street's consensus target of $14.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes CRMD achieves its forward estimates and maintains a stable P/E multiple of 17.3x. This scenario reflects the blended consensus of 8 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, CorMedix Inc. (CRMD) has a Wall Street consensus price target of $14.00, based on estimates from 8 covering analysts. With the stock currently trading at $8.67, this represents a potential upside of +61.5%. The company has a market capitalization of $680M.
Analyst price targets range from a low of $13.00 to a high of $16.00, representing a 21% spread in expectations. The median target of $13.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CRMD trades at a trailing P/E of 4.3x and forward P/E of 17.3x. Analysts expect EPS to grow -74.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $12.38, with bear and bull scenarios of $7.80 and $16.31 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
NKTRNektar Therapeutics | $1.2B | $60.98 | $149.60 | +145.3% | Buy | — | 33 |
HALOHalozyme Therapeutics, Inc. | $8.1B | $68.55 | $88.25 | +28.7% | Buy | 8.5x | 27 |
PRAXPraxis Precision Medicines, Inc. | $8.2B | $282.31 | $584.00 | +106.9% | Buy | — | 16 |
ACADACADIA Pharmaceuticals Inc. | $3.7B | $21.62 | $33.67 | +55.7% | Buy | 55.6x | 37 |
SUPNSupernus Pharmaceuticals, Inc. | $2.6B | $44.38 | $60.00 | +35.2% | Buy | 17.8x | 14 |
PCRXPacira BioSciences, Inc. | $878M | $22.33 | $32.00 | +43.3% | Hold | 7.8x | 36 |
AVNSAvanos Medical, Inc. | $1.2B | $24.94 | $23.00 | -7.8% | Hold | 24.9x | 8 |
NVCRNovoCure Limited | $1.6B | $14.28 | $33.00 | +131.1% | Buy | — | 15 |
MASIMasimo Corporation | $9.4B | $179.95 | $180.00 | +0.0% | Buy | 32.7x | 23 |
ANGOAngioDynamics, Inc. | $505M | $12.15 | $16.50 | +35.8% | Hold | — | 11 |
Quick answers to the most common questions about buying CRMD stock.
The consensus Wall Street price target for CRMD is $14, representing 61.5% upside from the current price of $8.67. With 8 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
CRMD has a consensus rating of "Buy" based on 8 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $14 implies 61.5% upside from current levels.
With a forward P/E of 17.34x, CRMD trades at a relatively low valuation. The consensus target of $14 implies 61.5% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $16 for CRMD, while the most conservative target is $13. The consensus of $14 represents the median expectation. Our quantitative valuation model projects a bull case target of $16 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CRMD is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CRMD stock forecast based on 8 Wall Street analysts shows a consensus price target of $14, with estimates ranging from $13 (bear case) to $16 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $12, with bear/bull scenarios of $8/$16.
Our quantitative valuation model calculates CRMD's fair value at $12 (base case), with a bear case of $8 and bull case of $16. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
CRMD trades at a forward P/E ratio of 17.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 4.3x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on CRMD, with a "Buy" consensus rating and $14 price target (61.5% upside). 8 of 8 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CRMD analyst price targets range from $13 to $16, a 21% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $14 consensus represents the middle ground. Our model's $8-$16 range provides an independent fundamental perspective.
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