Needham analyst Mike Matson raised the firm’s price target on Masimo to $192 from $173 and keeps a Buy rating on the shares after its Q4 earnings beat and guidance raise. The analyst cites the company’s improved operations and a lower expected currency headwind in 2023 while also boosting its assumed earnings multiple to 34-times from 33-times due to peer multiple expansion.
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Published first on TheFly
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Read More on MASI:
- Masimo price target raised to $150 from $135 at Piper Sandler
- Masimo price target raised to $195 from $180 at BTIG
- Masimo sees FY23 EPS $4.70-$4.80, consensus $4.39
- Masimo sees Q1 EPS 81c-86c, consensus 93c
- Masimo reports Q4 EPS $1.32, consensus $1.17
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