Piper Sandler raised the firm’s price target on Merit Medical (MMSI) to $116 from $114 and keeps an Overweight rating on the shares after the company hosted a call to discuss the commercial opportunity and launch strategy for the WRAPSODY Cell-Impermeable Endoprosthesis, as well as revenue expectations for 2025. Specifically, management is conservatively targeting $7M-$9M in WRAPSODY CIE revenue for 2025, with revenue weighted towards the latter part of the year to account for time needed to clear VACs and secure add-on reimbursement, the firm adds.
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Read More on MMSI:
- Merit Medical price target raised to $128 from $127 at Canaccord
- Merit Medical Celebrates FDA Approval of WRAPSODY™
- Merit Medical price target raised to $114 from $110 at Piper Sandler
- Merit Medical Systems Reveals Strong 2024 Revenue Growth
- Merit Medical raises FY24 revenue view to $1.355B-$1.357B from $1.344B-$1.352B
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