Medpace Holdings Surges to 416th in Trading Volume with $214 Million Turnover Despite Stock Price Decline

Generated by AI AgentAinvest Market Brief
Tuesday, May 6, 2025 8:00 pm ET1min read

On May 6, 2025,

(MEDP) experienced a significant increase in trading volume, with a turnover of $214 million, marking a 138.43% rise from the previous day. This surge placed at the 416th position in terms of trading volume for the day. However, the stock price declined by 3.90%, marking the second consecutive day of decline, with a total decrease of 5.36% over the past two days.

Medpace Holdings is a global, full-service clinical contract research organization (CRO) that provides Phase I-IV clinical development services. The company is known for its scientifically-driven approach and has been compounding at a 30% CAGR since its IPO in 2017. Medpace offers outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries, making it a key player in the healthcare sector.

Recently, Argus raised its target price for Medpace to $322.00, reflecting a positive outlook on the company's future performance. The average price target for

is $343.22, which is 14.22% higher than the current price. The consensus rating for the stock is "Hold," indicating a balanced view among analysts. Medpace's share price is currently at $289.535, with a GF Value of $355.31, suggesting potential upside based on the relationship between the current stock price and the GF Value.

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