tiprankstipranks
Blurbs

Needham Sticks to Its Hold Rating for Stryker (SYK)

In a report released today, Michael Matson from Needham maintained a Hold rating on Stryker (SYKResearch Report). The company’s shares closed last Tuesday at $204.41.

According to TipRanks.com, Matson is a 4-star analyst with an average return of 3.4% and a 48.5% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stryker with a $250.88 average price target, a 23.9% upside from current levels. In a report issued on July 21, Deutsche Bank also downgraded the stock to Hold with a $205.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Stryker’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.28 billion and net profit of $323 million. In comparison, last year the company earned revenue of $3.95 billion and had a net profit of $302 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Michigan-based Stryker Corp. was founded in 1941. The company provides medical technology products and services. It operates its business through the following segments: Orthopaedics, MedSurg and Neurotechnology and Spine.

Read More on SYK:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More