EDRY trades 15.6% below Wall Street's consensus target of $40.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes EDRY achieves its forward estimates and maintains a stable P/E multiple of 5.5x. This scenario reflects the blended consensus of 3 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, EuroDry Ltd. (EDRY) has a Wall Street consensus price target of $40.00, based on estimates from 3 covering analysts. With the stock currently trading at $34.61, this represents a potential upside of +15.6%. The company has a market capitalization of $100M.
Analyst price targets range from a low of $40.00 to a high of $40.00, representing a 0% spread in expectations. The median target of $40.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 3 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, EDRY trades at a trailing P/E of 10.5x and forward P/E of 5.5x. Analysts expect EPS to grow +92.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $13.92, with bear and bull scenarios of $8.77 and $18.34 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SBLKStar Bulk Carriers Corp. | $3.0B | $26.73 | $31.50 | +17.8% | Buy | 5.7x | 24 |
 GNKGenco Shipping & Trading Limited | $1.1B | $26.00 | $29.00 | +11.5% | Buy | 9.8x | 22 |
 SBSafe Bulkers, Inc. | $724M | $7.11 | $4.20 | -40.9% | Buy | 6.9x | 22 |
 SHIPSeanergy Maritime Holdings Corp. | $298M | $14.12 | $16.00 | +13.3% | Buy | 3.8x | 3 |
 CTRMCastor Maritime Inc. | $81M | $1.36 | — | — | — | — | — |
 DSXDiana Shipping Inc. | $289M | $2.34 | $3.00 | +28.2% | Hold | 5.8x | 27 |
 PSHGPerformance Shipping Inc. | $81M | $2.08 | — | — | — | — | — |
 TOPSTop Ships Inc. | $1M | $2.84 | — | — | — | — | — |
 ESEAEuroseas Ltd. | $447M | $63.40 | — | — | Buy | 3.2x | 5 |
 GLBSGlobus Maritime Limited | $55M | $2.55 | — | — | — | — | — |
Quick answers to the most common questions about buying EDRY stock.
EuroDry Ltd. (EDRY) has a consensus 12-month price target of $40, implying 15.6% upside from $34.61. The 3 analysts covering EDRY see moderate appreciation potential.
EDRY has a consensus rating of "Buy" based on 3 Wall Street analysts. The rating breakdown is predominantly bullish, with 3 Buy/Strong Buy ratings. The consensus 12-month price target of $40 implies 15.6% upside from current levels.
With a forward P/E of 5.4705x, EDRY trades at a relatively low valuation. The consensus target of $40 implies 15.6% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $40 for EDRY, while the most conservative target is $40. The consensus of $40 represents the median expectation. Our quantitative valuation model projects a bull case target of $18 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
EDRY is lightly followed, with 3 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 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 EDRY stock forecast based on 3 Wall Street analysts shows a consensus price target of $40, with estimates ranging from $40 (bear case) to $40 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $14, with bear/bull scenarios of $9/$18.
Our quantitative valuation model calculates EDRY's fair value at $14 (base case), with a bear case of $9 and bull case of $18. 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 46/100.
EDRY trades at a forward P/E ratio of 5.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 10.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on EDRY, with a "Buy" consensus rating and $40 price target (15.6% upside). 3 of 3 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.
EDRY analyst price targets range from $40 to $40, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $40 consensus represents the middle ground. Our model's $9-$18 range provides an independent fundamental perspective.
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