Masimo Analysts Cut Their Forecasts Following Preliminary Q2 Results
Portfolio Pulse from Lisa Levin
Masimo Corporation reported weak preliminary Q2 revenue results, leading to a 28% dip in pre-market trading. The company also reduced its revenue guidance for 2023. Following the announcement, Stifel and Needham analysts cut their price targets on Masimo.
July 18, 2023 | 12:12 pm
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NEGATIVE IMPACT
Masimo Corporation's weak Q2 results and reduced 2023 revenue guidance led to a 28% dip in pre-market trading and lowered price targets from analysts.
The weak Q2 results and reduced 2023 revenue guidance are negative news for Masimo Corporation. This has led to a significant drop in pre-market trading and analysts lowering their price targets, indicating a negative short-term impact on the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100