Stifel Nicolaus analyst Christian Glennie maintained a Buy rating on Polarean Imaging (PLLWF – Research Report) today and set a price target of p8.00.
Christian Glennie has given his Buy rating due to a combination of factors including strategic international expansion and anticipated revenue growth. Polarean Imaging has entered into a significant distribution agreement with Sumtage Enterprise for their Xenon MRI platform in Taiwan. This partnership with Sumtage, a seasoned medical distributor, indicates the growing global interest in Polarean’s innovative technology.
Despite the fact that the commercial launch in Taiwan is projected for the second half of 2026, the main area of focus remains the US market, which is expected to drive substantial revenue growth. The company has forecasted FY24 revenues between $2.5 million and $3 million, with an increase to $5 million to $6 million for FY25. Such potential for revenue expansion, coupled with international interest, underpins Glennie’s positive outlook and Buy rating for Polarean Imaging.
According to TipRanks, Glennie is ranked #8773 out of 9344 analysts.