Truist Financial analyst Richard Newitter maintains $Glaukos (GKOS.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 17.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Glaukos (GKOS.US)$'s main analysts recently are as follows:
Glaukos' third-quarter outcomes surpassed consensus projections, bolstered by an $8.8 million contribution from iDose and a 12.3% increase in the iStent infinite and the broader iStent portfolio within the U.S. market. Additionally, the company's glaucoma business is experiencing robust growth of over 20% internationally.
Glaukos' Q3 sales exceeded expectations, bolstered by the performance of iDose and international sales in the minimally invasive glaucoma surgery (MIGS) sector. Following this trend, the company's management increased their sales guidance by $5 million, aligning with the scale of this outperformance. It appears that there is positive momentum for iDose looking into Q4 and beyond, 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.
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