Lake Street analyst Brooks O’Neil reiterated a Buy rating on Augmedix (AUGX – Research Report) today and set a price target of $8.00. The company’s shares closed yesterday at $4.55.
O’Neil covers the Healthcare sector, focusing on stocks such as Alphatec Holdings, Accuray, and Avita Medical. According to TipRanks, O’Neil has an average return of -4.9% and a 36.96% success rate on recommended stocks.
Augmedix has an analyst consensus of Strong Buy, with a price target consensus of $7.38, a 62.20% upside from current levels. In a report released today, B.Riley Financial also reiterated a Buy rating on the stock with a $7.50 price target.
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AUGX market cap is currently $198.7M and has a P/E ratio of -8.25.
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Augmedix (AUGX) Company Description:
Augmedix Inc humanizes the clinician-patient experience by enabling clinicians to focus on what matters most, delivering high-quality patient care. It converts natural clinician-patient conversation into medical documentation and provides real-time administrative support, including referrals, orders, and reminders. The service, which supports over 35 specialties, delivers timely, accurate and comprehensive medical documentation to several of the healthcare systems in the U.S. and to hundreds of independent clinicians nationwide. Augmedix focuses on saving clinicians 2-3 hours per day, improve clinician productivity by as much as 20%, and increase clinicians’ satisfaction with work-life balance over 40%.
Read More on AUGX:
- Augmedix Delivers 50% Revenue Growth and Expanded Gross Margins for Third Quarter of 2023
- Is AUGX a Buy, Before Earnings?
- Augmedix to Announce Third Quarter 2023 Financial Results and Host Investor Conference Call on November 6, 2023
- Augmedix price target raised to $8 from $6 at Lake Street
- Augmedix and Ellipsis Health partnering in automated mental health screenings
