UPDATE: Needham & Company Starts Alphatec Holdings (ATEC) at Buy

August 25, 2021 6:39 AM EDT
Get Alerts ATEC Hot Sheet
Price: $11.83 +0.25%

Rating Summary:
    9 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 35
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(Updated - August 25, 2021 7:12 AM EDT)

Needham & Company analyst David Saxon initiates coverage on Alphatec Holdings (NASDAQ: ATEC) with a Buy rating and a price target of $18.00.

The analyst commented, "ATEC has line of sight into multiple high-revenue growth opportunities including: 1) ongoing and upcoming product launches, 2) geographic expansion (US and OUS), and 3) its recent EOS Imaging acquisition. We believe its Prone Transpsoas (PTP) launch is a differentiated platform that could help drive adoption across its portfolio. With ~1/3 of the US still uncovered and a potential international re-launch of its spine implant portfolio, we believe geographic expansion offers meaningful growth potential. Additionally, we believe the EOS Imaging acquisition is complementary to its Alpha Informatix platform and provides multiple avenues for growth. Given these points, we are initiating coverage with a Buy rating and an $18 price target."

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

Shares of Alphatec Holdings closed at $13.08 yesterday.

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