B. Riley raised the firm’s price target on OSI Systems to $165 from $137 and keeps a Buy rating on the shares. The company reported record sales and backlog in fiscal Q4, which provides both momentum and visibility entering fiscal 2024, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on OSIS:
- OSI Systems sees FY24 adjusted EPS up 25%, consensus $7.13
- OSI Systems reports Q4 adjusted EPS $2.66, consensus $2.53
- OSI Systems achieves inclusion in ACSTL for Rapiscan Itemiser ETD device
- OSI Systems to show significant backlog growth with Q4 results, says Roth MKM
- OSIS Earnings Report this Week: Is It a Buy, Ahead of Earnings?