Key Takeaways From Globus Medical Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings on Globus Medical (NYSE:GMED), showing a mix of perspectives with an average 12-month price target of $64.75, up from $59.33. The company has shown a revenue growth of 50.95% as of September 30, 2023, but faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA.
February 21, 2024 | 2:00 pm
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Analysts have a mixed but generally positive outlook on Globus Medical, with an increased average price target of $64.75. The company's strong revenue growth contrasts with its below-average profitability and efficiency metrics.
The increase in the average price target to $64.75 from $59.33 suggests analysts are optimistic about Globus Medical's future performance, likely due to its significant revenue growth. However, concerns about profitability and efficiency could temper this optimism. The mixed analyst ratings indicate a cautiously positive outlook, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100