Lake Street reiterates a Buy rating and $12 price target on NeuroPace (NPCE), telling investors that the firm continues to think shares have room for continued outperformance in 2024 despite “a big move” in 2023. The firm thinks the right infrastructure is in place for 2024 to drive continued growth with minimal incremental opex, resulting in improving leverage, and thinks NeuroPace can likely continue to benefit from a delayed post-Covid reopening and share-taking from LivaNova (LIVN) and Medtronic (MDT), the analyst tells investors.
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