Needham downgraded Masimo (MASI) to Hold from Buy without a price target. Apple Watch (AAPL) royalties are far from certain, though they may be significant, and are mostly priced into Masimo shares, the analyst tells investors in a research note. The firm thinks consensus estimates for 2024 EPS may be too high, and while the separation of Sound United would be positive for Masimo, it would likely to be dilutive to its EPS.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MASI:
- Apple granted motion for interim stay in Watch fight with ITC, Masimo
- Apple wins bid to pause Watch ban at U.S. appeals court, Reuters reports
- Masimo down 5% after Apple granted pause of Watch ban
- U.S. appeals court grants Apple pause of Apple Watch ban, Reuters reports
- Apple (NASDAQ:AAPL) Takes on Watch Ban