Epilepsy-Focused MedTech NeuroPace Has Attractive Entry Point, Competitive Position
Portfolio Pulse from Vandana Singh
Cantor Fitzgerald initiated coverage on NeuroPace Inc (NASDAQ:NPCE) with an Overweight rating and a price target of $11. The company, focused on drug-resistant epilepsy treatment, addresses a $2 billion market opportunity. The RNS System's unique technology for brain activity monitoring and seizure response is highlighted as a key adoption driver. NPCE's current valuation at 2.6x CY24E revenue is considered attractive compared to peers at 3.3x. NPCE shares rose 1.15% to $7.83.
November 10, 2023 | 7:34 pm
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Cantor Fitzgerald initiated coverage on NeuroPace Inc with an Overweight rating and a price target of $11, citing its unique RNS System and market opportunity in drug-resistant epilepsy treatment.
The initiation of coverage by Cantor Fitzgerald with a positive Overweight rating and a higher price target than the current trading price is likely to instill confidence in investors and could lead to a short-term increase in NPCE's stock price. The unique technology and market potential further support the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100