Lake Street analyst Frank Takkinen raised the firm’s price target on CVRx to $18 from $15 and keeps a Buy rating on the shares after having hosted the company’s CEO and CFO for investor meetings and a fireside chat on May 1. The firm came away from the meetings more confident that 58%-69% growth and 80%-plus gross margins in 2023 is "achievable and should demand a richer top line multiple."
Published first on TheFly
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