JMP Securities analyst David Turkaly reiterates an Outperform rating on iCAD with a $7 price target following recent updates from the company and the release of its Q3 results. Before the market open, iCAD announced that it entered into a strategic agreement with Google Health to enhance its portfolio of breast cancer artificial intelligence solutions, Turkaly tells investors in a research note. The analyst views the two main deal components "very favorably, particularly as it relates to technology-validation, first-mover advantages, and promoting enhanced diagnostic results to people around the globe ahead." He continues to believe the company’s offerings "provide best-in-class clinical and economic benefits and first-mover advantages."
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