Canaccord analyst William Plovanic lowered the firm’s price target on Penumbra to $207 from $322 and keeps a Buy rating on the shares. The firm said they beat but provided disappointing guidance as 2023 revenue projections were raised to reflect the Q3/23 beat and therefore the top-end of Q4/23 barely meets current Q4 consensus revenues.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PEN:
- Penumbra reports Q4 revenue growth 28%-31%, consensus $290.18M
- Penumbra reports Q3 EPS 67c, consensus 45c
- Penumbra, Inc. Reports Third Quarter 2023 Financial Results
- Penumbra’s Indigo Aspiration System shows efficacy and safety in heart strain
- 5 Top Mid-Cap Stocks to Buy Now, According to Analysts – October 2023
