Canaccord Genuity on AtriCure Inc. (ATRC): Bottom Line - Buy on Weakness
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Price: $9.19 +0.55%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Trade ATRC Now!
Canaccord Genuity maintains a 'Buy' on AtriCure Inc. (NASDAQ: ATRC) price target lowered to $12.00.
Analyst, Jason R. Mills, said, "Bottom line is we would be buyers of ATRC on weakness. That said, this is one of the most unique situations we’ve seen during our 13+-year sell-side tenure – a surprise CEO resignation simultaneous to record revenue, major progress on market development/regulatory initiatives (i.e., number of doctors trained, product /trial pipelines), and solid prospects for future growth. Quite honestly, we likely would’ve raised revenue estimates based on these results/trends, but David Drachman’s surprising resignation clearly creates significant near-term uncertainty."
For an analyst ratings summary and ratings history on AtriCure Inc. click here. For more ratings news on AtriCure Inc. click here.
Shares of AtriCure Inc. closed at $8.10 yesterday, with a 52 week range of $7.87-$12.42.
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Analyst, Jason R. Mills, said, "Bottom line is we would be buyers of ATRC on weakness. That said, this is one of the most unique situations we’ve seen during our 13+-year sell-side tenure – a surprise CEO resignation simultaneous to record revenue, major progress on market development/regulatory initiatives (i.e., number of doctors trained, product /trial pipelines), and solid prospects for future growth. Quite honestly, we likely would’ve raised revenue estimates based on these results/trends, but David Drachman’s surprising resignation clearly creates significant near-term uncertainty."
For an analyst ratings summary and ratings history on AtriCure Inc. click here. For more ratings news on AtriCure Inc. click here.
Shares of AtriCure Inc. closed at $8.10 yesterday, with a 52 week range of $7.87-$12.42.
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