Stifel Nicolaus analyst Jonathan Block maintained a Buy rating on Cutera (CUTR – Research Report) today and set a price target of $6.00. The company’s shares closed last Friday at $2.12.
According to TipRanks, Block is a 4-star analyst with an average return of 7.2% and a 50.68% success rate. Block covers the Healthcare sector, focusing on stocks such as Align Tech, Nyxoah, and Cutera.
The word on The Street in general, suggests a Hold analyst consensus rating for Cutera with a $4.50 average price target.
Based on Cutera’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $46.48 million and a GAAP net loss of $44.27 million. In comparison, last year the company earned a revenue of $62.81 million and had a GAAP net loss of $12.13 million
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Cutera (CUTR) Company Description:
Cutera, Inc. provides laser and energy-based aesthetic systems for practitioners, which engages in the design, development, manufacture, marketing and servicing of laser and other energy based aesthetics systems for practitioners. Its products include Enlighten, TruSculpt, Excel HR, Excel V, and Xeo. The company was founded by David A. Gollnick in August 1998 and is headquartered in Brisbane, CA.
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