Stifel analyst Mathew Blackman maintains $Penumbra (PEN.US)$ with a buy rating, and maintains the target price at $238.
According to TipRanks data, the analyst has a success rate of 45.0% and a total average return of 11.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Penumbra (PEN.US)$'s main analysts recently are as follows:
Following Penumbra's third-quarter earnings surpassing expectations, the company has announced the completion of its THUNDER trial enrollment. Additionally, they have obtained FDA clearance for two new CAVT products, Lightning Bolt 6X and 12. Looking forward, the continued innovation in a market with significant growth potential is anticipated to propel Penumbra's revenue growth into double digits and contribute to considerable margin expansion.
The firm's assessment indicates that the third quarter revenue and operating margin surpassing expectations has reinforced belief in the company's ability to meet its revised full-year guidance for 2024, and anticipates an acceleration in growth for 2025, which is perceived as critical for the stock's advancement.
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.
