UPDATE: BTIG Upgrades Glaukos Corporation (GKOS) to Buy

(Updated - January 18, 2022 5:26 AM EST)

BTIG analyst Ryan Zimmerman upgraded Glaukos Corporation (NYSE: GKOS) from Neutral to Buy with a price target of $61.00.

The analyst comments "We're upgrading to Buy (from Neutral) with a $61 PT based on 8.5x our 12-24 month sales estimate, a slight discount to GKOS's 3-year historical avg. In our note, we run through some scenarios to see what iPrime could end up doing in sales and make the case that GKOS may have some upside in its FY22 numbers, leading us to believe shares could get into the low $60s."

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

Shares of Glaukos Corporation closed at $53.70 yesterday.

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