Wells Fargo analyst Larry Biegelsen raised the firm’s price target on Glaukos to $103 from $83 and keeps an Overweight rating on the shares following quarterly results. The firm notes Glaukos reported Q4 sales in-line with pre-announcement but net loss was wider due to higher OpEx. Management reiterated $350M-$360M sales guidance and expects outsized seasonality in the second half of the year due to Infinite/iDose ramp.
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Read More on GKOS:
- Glaukos Quarterly Summary: Performance Insights and Disclosures
- GKOS Earnings this Week: How Will it Perform?
- Glaukos backs FY24 revenue view $350M-$360M, consensus $352.71M
- Glaukos raises FY23 revenue view to $313M from $307M-$310M, consensus $309.02M
- Glaukos reports preliminary Q4 revenue $81M, consensus $76.66M
