Cantor Fitzgerald named Overweight-rated Avita Medical as the firm’s best idea for 2024, citing the company’s top-tier growth rate and gross margins at 64% year-over-year and 85%, respectively. Growth in 2024 will benefit from the company’s expanded indication to treat full thickness skin defects and the easier-to-use RECELL GO launch in 2H24, assuming approval, the analyst tells investors in a research note.
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- Avita Medical sees Q1 commercial revenue $14.8M-$15.6M, consensus $15.89M
