Piper Sandler analyst Jason Bednar maintains $Masimo (MASI.US)$ with a buy rating, and adjusts the target price from $165 to $180.
According to TipRanks data, the analyst has a success rate of 41.3% and a total average return of -5.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Masimo (MASI.US)$'s main analysts recently are as follows:
The recent earnings outperformance and uplift in guidance by Masimo are seen positively, particularly in light of the swift actions by new management and the board to improve the company's profit and loss statement. Coupled with robust consumables revenue growth and effective hospital contracting, it is anticipated that Masimo will excel in the fourth quarter and continue this trajectory into 2025.
Following quarterly results, the emphasis has shifted towards the year 2025, with the expectation of at least a 26% operating margin for stand-alone healthcare, reflecting an increase of 200 basis points from earlier projections. A subsequent strategic update is anticipated in January.
Note:
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