Masimo price target raised to $192 from $173 at Needham

Needham analyst Mike Matson raised the firm’s price target on Masimo to $192 from $173 and keeps a Buy rating on the shares after its Q4 earnings beat and guidance raise. The analyst cites the company’s improved operations and a lower expected currency headwind in 2023 while also boosting its assumed earnings multiple to 34-times from 33-times due to peer multiple expansion.