What is Wall Street's Target Price for CareCloud Inc (MTBC) Stock Friday?

Friday, January 21, 2022 02:49 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for CareCloud Inc (MTBC) Stock Friday?

Analysts who follow CareCloud Inc (MTBC) on average expect it to increase 203.89% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 72, which means it ranks higher than 72 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating MTBC a Strong Buy today. Find out what this means to you and get the rest of the rankings on MTBC!

See Full MTBC Report

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With CareCloud Inc Stock Today?

CareCloud Inc (MTBC) stock is higher by 0.18% while the S&P 500 has fallen -1.15% as of 2:47 PM on Friday, Jan 21. MTBC has risen $0.01 from the previous closing price of $5.49 on volume of 131,919 shares. Over the past year the S&P 500 has risen 15.00% while MTBC has fallen -47.72%. MTBC lost -$1.04 per share the over the last 12 months. Click Here to get the full Stock Report for CareCloud Inc stock.