B. Riley resumed coverage of Augmedix with a Buy rating and $5.50 price target. After Nuance’s $20B acquisition by Microsof (MSFT), Augmedix is “one of a kind” as a publicly traded company focusing on providing medical documentation services to clinicians, the analyst tells investors in a research note. The firm believes the recent selling pressure in the shares has created an entry opportunity. Augmedix is currently trading at a deep discount to peer private-held medical documentation companies, says B. Riley.
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