Market PotentialThe company believes there will be a significant market opportunity for cochlear implants, representing an annual market opportunity that exceeds $750 million in the U.S. alone, with further international expansion potential.
Regulatory ProgressThe recent IDE approval for the Acclaim CI with the FDA to begin clinical testing is a significant milestone for the company.
Valuation And Price TargetThe analyst maintains a BUY rating for Envoy Medical, raising the 12-month price target to $9.00, representing significant upside from the current share price.