Assessing Nevro: Insights From 9 Financial Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 9 analysts have published ratings on Nevro (NYSE:NVRO), showing a range of perspectives from bullish to bearish. The average 12-month price target has decreased by 36.81% to $7.69. Analysts have predominantly lowered their ratings and price targets, reflecting a negative sentiment towards the stock. Nevro's financials reveal challenges, including a -4.27% decline in revenue growth and a net margin of -18.79%.
August 08, 2024 | 1:01 pm
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NEGATIVE IMPACT
Analysts have predominantly lowered their ratings and price targets for Nevro (NYSE:NVRO), reflecting a negative sentiment. The average 12-month price target has decreased by 36.81% to $7.69. Financials reveal a -4.27% decline in revenue growth and a net margin of -18.79%.
The majority of analysts have lowered their ratings and price targets for Nevro, indicating a bearish sentiment. The significant drop in the average price target and the negative financial indicators such as declining revenue growth and a high net margin further support a likely short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100