RBC Capital Initiates Coverage On Zynex with Outperform Rating, Announces Price Target of $13
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shagun Singh has initiated coverage on Zynex (NASDAQ:ZYXI) with an Outperform rating and a price target of $13.
October 16, 2023 | 12:19 pm
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Zynex has received an Outperform rating from RBC Capital, with a price target of $13, indicating positive expectations for the stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An Outperform rating suggests that the analyst expects the stock to do better than the market average. This, combined with a price target of $13, indicates positive expectations for Zynex's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100