Penumbra price target raised to $313 from $285 at RBC Capital

RBC Capital raised the firm’s price target on Penumbra (PEN) to $313 from $285 and keeps an Outperform rating on the shares. The company delivered a Q4 beat on sales/EPS, and introduced “conservative” 2025 guidance for sales/margins given the positive trends in Lightning Flash 2.0/Lightning Bolt 7, the analyst tells investors in a research note. Innovation in a highly under-penetrated market should drive Penumbra’s double-digit revenue growth profile while driving meaningful margin expansion, the firm adds.