On Nov 01, major Wall Street analysts update their ratings for $Penumbra (PEN.US)$, with price targets ranging from $232 to $248.
Deutsche Bank analyst Pito Chickering maintains with a buy rating, and adjusts the target price from $205 to $241.
Baird analyst David Rescott maintains with a buy rating, and adjusts the target price from $180 to $248.
Needham analyst Michael Matson maintains with a hold rating.
Stifel analyst Mathew Blackman maintains with a buy rating, and maintains the target price at $238.
BTIG analyst Ryan Zimmerman maintains with a buy rating, and adjusts the target price from $234 to $232.
Furthermore, according to the comprehensive report, the opinions of $Penumbra (PEN.US)$'s main analysts recently are as follows:
The company's Q3 earnings surpassed expectations. Enrollment for the THUNDER trial concluded in Q3, and the firm achieved FDA clearance for two new CAVT products, Lightning Bolt 6X and 12. Looking forward, it is anticipated that innovation in a highly under-penetrated market will propel the company's double-digit revenue growth and contribute to significant margin expansion.
The firm's assessment indicates that the third quarter revenue and operating margin exceed expectations, reinforcing belief in the company's ability to meet its revised full-year guidance and in the anticipated growth acceleration for the following year, which is seen as essential for the stock's upward trajectory.
Here are the latest investment ratings and price targets for $Penumbra (PEN.US)$ from 7 analysts:
Note:
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