Canaccord raised the firm’s price target on Globus Medical (GMED) to $101 from $92 and keeps a Buy rating on the shares. The firm updated its model following the company’s preannouncement where they reported strong preliminary results, announcing 2025 revenue guidance with the midpoint calling for 6.2% growth, which Canaccord views as conservative.
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Read More on GMED:
- Globus Medical upgraded to Neutral from Underperform at BofA
- Closing Bell Movers: Penguin Solutions up 16% on earnings beat
- Globus Medical sees Q4 revenue $657M, consensus $635.46M
- Globus Medical raises FY24 revenue view to $2.52B from $2.49B-$2.5B
- Globus Medical sees FY25 EPS $3.40-$3.50, consensus $3.42
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