Masimo Corp. (MASI) PT Raised to $170 at Jefferies

Jefferies analyst Matthew Taylor raised the price target on Masimo Corp. (NASDAQ: MASI) to $170.00 (from $158.00) while maintaining a Hold rating.

The analyst comments "MASI reported 2Q sales of $370MM +7% xfx y/y vs cons $369MM, and EPS of $1.33 +46% vs cons $1.22. The FY25 xfx sales guide was unchanged at 8-11% with a $5MM reported bump. The EPS range was increased to $5.20-$5.45 (prior $4.80-$5.15 & cons $4.98) as the tariff impact is expected to be ~50% lower than prior. While 'true incremental' contracts declined y/y, MASI cited order timing and a strong pipeline. We are increasing #s and PT but remain Hold."

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