Ladenburg analyst Jeffrey Cohen lowered the firm’s price target on Venus Concept to $10.60 from $11 and keeps a Buy rating on the shares post the Q3 report. Encouragingly, the system sales as a percentage of total revenue increased to 56% and subscription revenue as a percentage of sales decreased to 25% as compared to Q3 of 2022 levels, the analyst tells investors in a research note. However, Venus did recognize headwinds related to macroeconomic factors, including high interest rates tightening access to capital for customers, says the firm.
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