Stifel analyst Thomas Stephan maintains $Glaukos (GKOS.US)$ with a buy rating, and maintains the target price at $145.
According to TipRanks data, the analyst has a success rate of 54.8% and a total average return of 12.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Glaukos (GKOS.US)$'s main analysts recently are as follows:
Glaukos' Q3 results surpassed consensus estimates, supported by an $8.8M contribution from iDose. Moreover, the company experienced a 12.3% growth in its iStent infinite and the broader iStent portfolio within the U.S. market. Additionally, the Glaucoma business has been expanding steadily at a rate of over 20% internationally.
Glaukos' third-quarter sales outperformed consensus expectations, bolstered by iDose and OUS MIGS, leading to an upward revision of sales guidance by approximately $5 million at the midpoint, equivalent to the scale of the outperformance. The momentum for iDose is expected to continue positively into the fourth quarter and towards 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
