Lake Street analyst Frank Takkinen raised the firm’s price target on CVRx to $35 from $32 and keeps a Buy rating on the shares after the company released preliminary Q4 results. The firm thinks shares deserve a premium valuation given continued execution and outperformance, says the analyst, who is leaving the firm’s valuation methodology unchanged and applying it to an upwardly revised 2024 revenue estimate following the pre-announcement.
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Read More on CVRX:
- CVRx to Report Fourth Quarter 2023 Financial and Operating Results and Host Conference Call on January 25th, 2024
- CVRx price target raised to $30 from $24 at Craig-Hallum
- CVRx CEO Yared informs of plans to retire, initiate successor search
- CVRx sees Q1 revenue $11M-$12M, consensus $11.61M
- CVRx sees FY23 revenue $53M-$57M, consensus $54.85M
