GET DAILY SIGNALSAngioDynamics (ANGO) Analysts Target $20, Suggesting +41% Upside from Recent Levels
Key Takeaways
- The central $20 price target is the arithmetic mean of four verified analyst targets, which span a wide range from $17 to $24.
- At a recent close near $14.19, reaching $20 would require a gain of roughly 41%, a substantial move.
- Bullish analysts point to NanoKnife adoption in prostate ablation, a newly effective CPT reimbursement code, and above-expectations guidance.
- The company remains unprofitable on a GAAP (Generally Accepted Accounting Principles) basis, with negative EPS (earnings per share), which is a key source of risk.
- Reaching the target likely hinges on sustained NanoKnife procedural growth, reimbursement decisions, and progress toward profitability.
Understanding the Analyst Consensus on ANGO
AngioDynamics, Inc. (ANGO) is a Latham, New York-based medical device maker focused on vascular access, oncology, and thrombus management. Four current analyst price targets were reviewed, ranging from $17 to $24, with an average of $20. That figure is used as the central target here.
The views differ meaningfully. Canaccord Genuity raised its target to $20 from $16 in August 2026, citing a strong close to fiscal 2026 and guidance ahead of expectations, driven by the NanoKnife business. H.C. Wainwright's Yi Chen lifted its target to $19 from $16, highlighting building NanoKnife reimbursement. Lake Street's Frank Takkinen holds the highest target at $24, while Freedom Broker carries a more cautious $17. The spread reflects genuine disagreement about how quickly NanoKnife adoption and profitability will scale. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Current Market Position and Path Toward the Target
Shares recently closed near $14.19, within a 52-week range of roughly $9.39 to $16.29. A move to $20 implies about 41% upside, a substantial appreciation that would require not just a return to prior highs but a decisive breakout above them.
AngioDynamics operates through Med Tech (including Auryon, the thrombus management platform, and NanoKnife) and Med Device segments. NanoKnife, an irreversible electroporation system cleared for prostate tissue ablation, is the central growth story. A CPT Category I reimbursement code took effect in January 2026, a catalyst analysts cite as supporting procedure volume and revenue growth.
What Could Support a Move Toward the Target
- NanoKnife momentum: Fiscal Q4 revenue rose about 8% year over year to roughly $86.6 million, and NanoKnife growth has been a primary driver.
- Reimbursement tailwind: The CPT Category I code for prostate ablation, effective January 2026, removes a key reimbursement barrier, with a pancreatic cancer code expected in January 2027.
- Raised guidance: Management increased fiscal 2026 adjusted EPS and sales outlooks ahead of expectations, supporting recent target increases.
- Clean balance sheet: The company carries minimal debt and substantial cash, providing flexibility to fund growth.
What Could Prevent the Target From Being Reached
- Persistent losses: The company reports negative GAAP EPS, and valuation remains a concern until profitability improves.
- Reimbursement dependency: NanoKnife adoption partly depends on decisions by Medicare Administrative Contractors (MACs), which could lag expectations.
- Slowing legacy businesses: Some segments, such as parts of the thrombus management franchise, have shown year-over-year declines.
- Execution risk: A leadership transition is expected during the first half of fiscal 2027, adding uncertainty to the turnaround.
- Valuation and sentiment: As a small-cap with negative earnings, the stock can compress quickly if growth disappoints.
Technical Levels and Market Structure
The stock trades near the upper end of its 52-week range, with resistance around the $16 to $16.29 zone at the prior high. A sustained move toward $20 would require clearing that resistance. On the downside, support appears near the long-term moving average in the $12 to $13 area, with the 52-week low near $9.39 as a deeper floor. The long-term trend improved over the past year, but the path to $20 depends on maintaining that uptrend. From what I see, monitoring these levels closely helps frame realistic expectations.
Time Horizon and What Investors Should Monitor
Analyst targets typically reflect a roughly 12-month horizon, though individual assumptions vary. Investors should watch NanoKnife procedure volumes and probe sales, MAC reimbursement determinations, the planned CEO transition, and any updates to adjusted EPS and revenue guidance. Quarterly earnings, particularly commentary on prostate and pancreatic ablation adoption, are the most direct catalysts for the target. I’m watching this closely as reimbursement updates roll in.
Using Tickeron’s AI Daily Buy/Sell Signals
In my own research process, Tickeron’s AI Daily Buy/Sell Signals have become a useful way to track momentum shifts in names like this. The tool monitors thousands of stocks in real time and flags Buy, Sell, or Hold ideas based on technical and AI-driven factors, which can help surface changes in sentiment without manual screening.
Final Assessment
The $20 central target reflects the average of four analyst targets spanning $17 to $24, implying a substantial move of roughly 41% from recent levels. The strongest support comes from NanoKnife growth and a new reimbursement code, while the principal obstacles are persistent losses, reimbursement uncertainty, and execution risk around a leadership transition. Analyst disagreement is real, with targets divided between conservative and aggressive adoption scenarios. Whether the shares can reach $20 depends on sustained procedural growth and progress toward profitability, which upcoming earnings and reimbursement decisions will help clarify.
Disclaimer
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ANGO's Indicator enters downward trend
The Aroon Indicator for ANGO entered a downward trend on October 22, 2026. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 159 similar instances where the Aroon Indicator formed such a pattern. In 135 of the 159 cases the stock moved lower. This puts the odds of a downward move at 85%.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ANGO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ANGO's RSI Oscillator exited the oversold zone, 25 of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 48 of 60 cases where ANGO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The Momentum Indicator moved above the 0 level on November 11, 2026. You may want to consider a long position or call options on ANGO as a result. In 67 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 73%.
The Moving Average Convergence Divergence (MACD) for ANGO just turned positive on October 23, 2026. Looking at past instances where ANGO's MACD turned positive, the stock continued to rise in 39 of 46 cases over the following month. The odds of a continued upward trend are 85%.
Following a +4.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where ANGO advanced for three days, in 197 of 269 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 17 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.838) is normal, around the industry mean (4.964). P/E Ratio (-13.330) is within average values for comparable stocks, (40.591). Projected Growth (PEG Ratio) (0.110) is also within normal values, averaging (4.143). Dividend Yield (0.000) settles around the average of (0.005) among similar stocks. P/S Ratio (2.005) is also within normal values, averaging (56.876).
The Tickeron PE Growth Rating for this company is 27 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 44 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating fairly steady price growth. ANGO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 96 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ANGO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
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General Information
a manufacturer of medical devices used by radiologists, vascular surgeons and other physicians
Industry PharmaceuticalsOther
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