Guggenheim Starts SmileDirectClub Inc. (SDC) at Buy, New Street High PT

October 7, 2019 6:14 AM EDT
Get Alerts SDC Hot Sheet
Price: $5.39 -7.23%

Rating Summary:
    3 Buy, 8 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 18 | New: 32
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(Updated - October 7, 2019 7:15 AM EDT)

(updated to add comment)

Guggenheim analyst Glen Santangelo initiates coverage on SmileDirectClub Inc. (NASDAQ: SDC) with a Buy rating and a price target of $24.00.

The analyst comments "As the leader and first mover in the direct-toconsumer clear tray aligner market, SDC has experienced rapid growth – increasing revenue more than 20x between 2016 and 2018 – and we expect that to continue as the company is well positioned to take advantage of the ~$945B global addressable market. While we appreciate the potential regulatory and competitive risks, we believe shares are attractive at the current level given the underperformance (SDC -36% vs. S&P -2%) since the IPO."

For an analyst ratings summary and ratings history on SmileDirectClub Inc. click here. For more ratings news on SmileDirectClub Inc. click here.

Shares of SmileDirectClub Inc. closed at $15.00 yesterday.

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