The price of CODA is predicted to go up 7.15%, based on the high correlation periods with PETS. The similarity of these two price pattern on the periods is 95.8%.
CODA
PETS
Up: 7.15%Similarity: 95.8%
CODA Revenue Forecast
CODA EPS Forecast
CODA FAQs
What is bull’s view on CODA?
Coda Octopus (CODA) has a reduced price target of $10, down from $11, due to weak Q4 results and anticipated lower demand in early 2025 caused by U.S. budget challenges. Despite this, analysts maintain a "Buy" rating, citing potential growth from the Precision Acoustics acquisition. The stock closed at $8.05 on January 31, suggesting a 24% upside to the revised target.
What is bear's view on CODA?
Alliance Global Partners recently lowered CODA's price target from $11 to $10 due to weak Q4 results and anticipated reduced demand in early 2025, driven by U.S. budget challenges. CODA's current price of $8.17 suggests limited upside to the revised target, reflecting bearish sentiment. Additionally, weaker organic growth forecasts further dampen near-term prospects.
What is CODA revenue forecast for next quarter?
The market consensus for CODA's revenue in the upcoming quarter is projected to be approximately $6.35M USD.
Alliance Global Partners analyst Brian Kinstlinger raised the firm's price target on Coda Octopus to $11 from $9 and keeps a Buy rating on the shares after the company last week announced it acquired Precision Acoustics, a provider of technology that tests to ensure products are not damaged and mainly services the medical industry, for $5.2M upfront and possibly another $1.3M in earn out payments. Although the firm awaits further discussion on the next conference call before adjusting its model, it believes Precision could add $4M-$7M in incremental revenue and 4c-7c of EPS, annually.