Bank of America Securities analyst Mariana Perez Mora maintained a Buy rating on OSI Systems (OSIS – Research Report) today and set a price target of $220.00.
Mariana Perez Mora’s rating is based on OSI Systems’ strong market position and growth prospects. The company holds a leading market share in non-intrusive inspection solutions at US borders, which is a significant revenue driver, especially with the current administration’s focus on border security. This strategic positioning is supported by bipartisan support for such technologies, ensuring a stable demand.
Additionally, OSI Systems has a robust pipeline to offset the decline in revenue from its contracts with the Mexican government, particularly through high-margin service revenues. The company’s innovative Security-as-a-Service model is gaining traction in emerging markets, providing a steady revenue stream from countries like Albania, Uruguay, Puerto Rico, and Guatemala. These factors contribute to a positive outlook and justify the Buy rating with a price objective of $220.
In another report released on March 13, Roth MKM also reiterated a Buy rating on the stock with a $224.00 price target.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OSIS in relation to earlier this year.
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