Expert Outlook: Alphatec Holdings Through The Eyes Of 7 Analysts
Portfolio Pulse from Benzinga Insights
Alphatec Holdings (NASDAQ:ATEC) has been analyzed by 7 analysts, showing a unanimous bullish outlook with a recent shift towards a higher average price target of $21.57, up 5.22% from the previous $20.50. The company, specializing in spinal surgery technology, has seen a notable revenue growth of 30.23% as of December 31, 2023, but struggles with profitability and high debt levels. Analysts from firms like Needham and Canaccord Genuity have adjusted their price targets and maintain a 'Buy' rating.
May 08, 2024 | 12:01 pm
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Alphatec Holdings has received a unanimous bullish outlook from 7 analysts, with an updated average price target of $21.57, indicating a positive sentiment shift. Despite facing profitability and debt management challenges, the company's significant revenue growth outpaces sector averages.
The unanimous bullish outlook from analysts, coupled with an increase in the average price target, suggests a strong short-term positive sentiment towards ATEC's stock. The significant revenue growth rate of 30.23% as of December 31, 2023, further supports this optimism. However, the challenges in profitability and high debt levels are critical factors that investors should consider, as they may impact the company's long-term financial health and operational efficiency.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100