Masimo shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. Also, Piper Sandler maintained an Overweight rating on the stock and raised its price target from $160 to $165.
Portfolio Pulse from Benzinga Newsdesk
Masimo shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. Piper Sandler maintained an Overweight rating on the stock and raised its price target from $160 to $165.
August 07, 2024 | 2:36 pm
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Masimo shares are trading higher due to better-than-expected Q2 financial results and strong Q3 revenue guidance. Piper Sandler also raised its price target from $160 to $165.
The better-than-expected Q2 financial results and higher Q3 revenue guidance are positive indicators for Masimo's future performance. Additionally, Piper Sandler's increased price target and maintained Overweight rating further boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100