RBC Capital Further Trims Zynex (ZYXI) Target, Investor Lawsuit Looms - Hagens Berman
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Zynex (ZYXI) is experiencing significant challenges, including a further price target reduction by RBC Capital Markets to $5 per share and a securities class action lawsuit alleging revenue recognition misconduct. The company's Q4 2024 results showed a revenue decline, net loss, and Tricare payment suspension, creating substantial investor uncertainty.
April 15, 2025 | 10:00 pm
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RBC Capital downgraded Zynex to 'Sector Perform' and cut price target to $5, reflecting concerns about revenue practices and Tricare payment suspension.
Multiple negative factors including price target reduction, lawsuit allegations, revenue decline, and Tricare payment suspension strongly suggest short-term stock price pressure.
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