Baird analyst David Rescott raised the firm’s price target on Penumbra (PEN) to $328 from $305 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results and believes initial guidance appear conservative while the company looks to a second half 2025 Thunderbolt acceleration.
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Read More on PEN:
- Penumbra price target raised to $320 from $305 at UBS
- Penumbra price target raised to $340 from $323 at Canaccord
- Buy Rating Reaffirmed for Penumbra: Strong Financial Performance and Promising Growth Prospects Drive Upgraded Price Target
- Analyst’s Hold Rating on Penumbra Amid Strong Q4 Performance and Uncertain 2025 Outlook
- Penumbra price target raised to $330 from $250 at Piper Sandler