Assessing CONMED (CNMD) Valuation Following Recent Share Price Weakness

CONMED (CNMD) shares have slipped in recent sessions and recently closed at $44.44. The company’s stock has faced some pressure lately, losing 4% over the past month and tracking a 17% decline over the past 3 months.

See our latest analysis for CONMED.

After a tough start to the year, CONMED’s share price is still under pressure. This reflects both recent volatility and persistent concerns in the medtech sector. While the 1-year total shareholder return sits at -40.4%, longer-term holders have also faced challenges as momentum has continued to fade in recent months.

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With CONMED shares trading at a steep discount to both their analyst price target and intrinsic value, investors are left to wonder whether the recent selloff presents a compelling entry point or if the market has already factored in the company’s future prospects.

Most Popular Narrative: 27.1% Undervalued

With CONMED closing at $44.44 and the most widely followed narrative setting fair value at $61, the stock looks to be trading at a material discount according to these projections. The big question is what is driving this higher valuation target, despite recent share price weakness.

The accelerating adoption of minimally invasive and robotic-assisted surgeries, combined with CONMED's strong positioning via AirSeal and BioBrace (including expanding use cases and positive clinical feedback), is poised to support durable procedure volume growth and increase recurring revenue, driving sustained top-line growth.

Read the complete narrative.

What is the real math behind that jump in fair value? Rumor has it, explosive assumptions about recurring revenue and earnings growth are fueling an ambitious narrative. Want to see the full breakdown and judge if the optimism is justified? The devil is in the details. Read the full narrative to uncover the numbers and logic for yourself.

Result: Fair Value of $61 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent supply chain challenges or unexpected declines in hospital capital budgets could quickly undermine analysts' optimistic growth expectations for CONMED.

Find out about the key risks to this CONMED narrative.

Build Your Own CONMED Narrative

If you’re not convinced by these conclusions or want to dive deeper into the numbers, you can create and customize your own narrative in just a few minutes: Do it your way

A great starting point for your CONMED research is our analysis highlighting 6 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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