Wells Fargo analyst Vik Chopra maintains $Masimo (MASI.US)$ with a buy rating, and maintains the target price at $171.
According to TipRanks data, the analyst has a success rate of 40.5% and a total average return of -5.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Masimo (MASI.US)$'s main analysts recently are as follows:
The rapid pace at which the new management and board are acting to improve the company's profit and loss statement is viewed positively. With strong consumables revenue growth and hospital contracting, it is anticipated that the company will exceed expectations in the fourth quarter and continue to do so into 2025.
Following the quarterly results, the emphasis is now on Masimo's long-term performance, with the company anticipating a minimum 26% operating margin for its stand-alone healthcare segment by 2025, which is an increase of 200 basis points from its earlier projections. A further strategic update is anticipated in January.
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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