Stifel Nicolaus analyst Mathew Blackman maintained a Buy rating on Globus Medical (GMED – Research Report) today and set a price target of $61.00. The company’s shares closed yesterday at $53.55.
Blackman covers the Healthcare sector, focusing on stocks such as Globus Medical, Insulet, and Tandem Diabetes Care. According to TipRanks, Blackman has an average return of 18.2% and a 48.78% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Globus Medical with a $66.00 average price target.
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Based on Globus Medical’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $383.64 million and a net profit of $998 thousand. In comparison, last year the company earned a revenue of $254.15 million and had a net profit of $47.43 million
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Globus Medical (GMED) Company Description:
Globus Medical, Inc. operates as a medical device company that develops and commercializes healthcare solutions. The firm engages in developing products that promote healing in patients with musculoskeletal disorders. It classifies products into Innovative Fusion and Disruptive Technology. It operates through the United States and International geographical segments. The company was founded by David C. Paul, David D. Davidar and Andrew Iott in March 2003 and is headquartered in Audubon, PA.
Read More on GMED:
- Globus Medical Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
- Globus Medical Promotes Keith Pfeil to COO and CFO
- Globus Medical promotes Keith Pfeil to Chief Operating Officer and Chief Financial Officer
- Globus Medical promotes Keith Pfeil as COO and Chief Financial Officer
- Globus Medical price target raised to $79 from $77 at Canaccord
