Alphatec price target raised to $32 from $20 at Lake Street

Lake Street analyst Brooks O’Neil raised the firm’s price target on Alphatec to $32 from $20 and keeps a Buy rating on the shares after having visited the company in San Diego again last week and having realized “Alphatec is at another inflection point.” Lake Street contends that “Good is going to GREAT,” and does not believe this is reflected in the share price or the way investors are valuing the company, adding that it believes Alphatec is on the path to $1B of annual revenue with the current team and product portfolio.