Citizens JMP Reiterates Market Outperform Rating on SI-BONE Inc. (SIBN)

Citizens JMP analyst David Turkaly reiterated a Market Outperform rating and $32.00 price target on SI-BONE Inc. (NASDAQ: SIBN).

The analyst commented, "We reiterate our Market Outperform rating and our $32 price target on shares of SI-BONE following the release of 1Q25 results. WW Sales were $47.3 mln (+25% y/y), which was $2.2 mln (or ~5.4%) above our estimate for the second quarter in a row. Adj. EBITDA positivity was also maintained at $0.5 mln, well north of consensus at a $2.6 mln loss. The high end of annual top-line guidance was raised by $2 mln (or $1 mln at the midpoint, which now calls for 17% y/y growth versus 16.5% y/y prior). Also, positive adj. EBITDA remains the bottom-line target for the full year."

For an analyst ratings summary and ratings history on SI-BONE Inc. click here. For more ratings news on SI-BONE Inc. click here.

Shares of SI-BONE Inc. closed at $14.25 yesterday.

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