Lake Street analyst Brooks O’Neil raised the firm’s price target on Alphatec to $20 from $16.50 and keeps a Buy rating on the shares after the company released preliminary Q4 results and initial FY23 guidance that were both above his forecast and consensus. The results, and the company’s announcement of a new $150M term loan from current investor Braidwell, "suggest the journey for ATEC and investors is just beginning," O’Neil said.
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Published first on TheFly
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Read More on ATEC:
- Alphatec management to meet with Piper Sandler
- Piper Sandler reiterates Overweight on Alphatec after solid Q4 beat, 2023 guide
- Alphatec sees FY23 revenue $438M, consensus $412.41M
- Alphatec reports preliminary Q4 revenue $105.2M-$106.2M, consensus $95.3M
- Alphatec to participate in a conference call with Lake Street