A Closer Look at 4 Analyst Recommendations For Alphatec Holdings
Portfolio Pulse from Benzinga Insights
Alphatec Holdings (NASDAQ:ATEC) has received mixed analyst ratings over the past three months, with a positive shift in the 12-month price target to an average of $19.00, up 18.75% from $16.00. The company, specializing in spinal surgery technology, shows a strong revenue growth rate of 30.23% as of December 31, 2023, but struggles with profitability and high debt levels. Analysts from Needham and HC Wainwright & Co. maintain 'Buy' ratings with updated price targets.
March 13, 2024 | 8:00 pm
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POSITIVE IMPACT
Alphatec Holdings has seen a positive shift in analyst sentiment, with an updated average price target of $19.00, indicating potential stock appreciation. However, concerns about profitability and debt management persist.
The positive shift in analyst ratings and the increase in the price target suggest a bullish outlook for ATEC in the short term. However, the company's financial challenges, such as low profitability and high debt, could temper investor enthusiasm. The analysis is based on the recent analyst ratings, the company's revenue growth, and its financial performance indicators.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100