Needham raised the firm’s price target on Artivion to $30 from $25 and keeps a Buy rating on the shares. The firm says the company’s Q1 revenue and EBITDA beat consensus estimates and management raised the low-end of their 2024 revenue guidance. The analyst believes Artivion can sustain double-digit revenue growth with much faster EBITDA growth. It cites the improving revenue growth for the target bump.
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