RBC Capital Further Trims Zynex (ZYXI) Target, Investor Lawsuit Looms - Hagens Berman
Portfolio Pulse from
Zynex (ZYXI) is experiencing significant challenges, including a further reduced price target by RBC Capital Markets to $5 per share and a securities class action lawsuit alleging revenue inflation through 'oversupplying' practices. The company's Q4 2024 results showed a revenue decline, net loss, and payment suspension from Tricare, its largest customer.
April 15, 2025 | 10:00 pm
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RBC Capital Markets reduced price target to $5, signaling significant concerns about Zynex's financial health and potential legal challenges from the securities class action lawsuit.
Multiple negative factors converge: RBC price target reduction, Tricare payment suspension, potential revenue inflation allegations, and ongoing legal investigation suggest significant short-term stock price pressure.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100