Hyperfine price target raised to $3.50 from $2.50 at B. Riley

B. Riley raised the firm’s price target on Hyperfine to $3.50 from $2.50 and keeps a Buy rating on the shares following the Q2 beat. The company sold an all-time high of 14 commercial Swoop systems in Q2, driven by strong international market activity through the collaboration with King’s College of London, the analyst tells investors in a research note. The firm now has increased confidence in the company’s growth prospects.