Piper Jaffray Starts Invuity (IVTY) at Overweight

Piper Jaffray initiates coverage on Invuity (NASDAQ: IVTY) with a Overweight rating and a price target of $18.00.

Analyst Matt O'Brien commented, "We are initiating coverage of Invuity with an Overweight rating and $18 PT. Invuity’s Intelligent Photonics technology provides surgeons better illumination at cooler temperatures allowing improved visualization during MIS cases with a lower burn risk. The design and optical technology are more complex than what it seems at first look (polymer material, geometric angles of microstructures). In our view, the large growing market opportunity, coupled with more of an annuity sales model (which includes the classic razor / razorblade element) should generate strong (50% plus) revenue growth over the next several years."

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

Shares of Invuity closed at $13.90 yesterday.

You May Also Be Interested In

• CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'
• Adobe (ADBE) PT Lowered to $379 at Bernstein SocGen Amid 'Increased Uncertainties'
• Uber Inc. (UBER) PT Raised to $115 at Tigress Financial Partners