UPDATE: Northland Capital Markets Upgrades Zynex Inc. (ZYXI) to Outperform

March 9, 2021 6:52 AM EST
Get Alerts ZYXI Hot Sheet
Price: $14.92 --0%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 8
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(Updated - March 9, 2021 6:53 AM EST)

Northland Capital Markets analyst James Terwilliger upgraded Zynex Inc. (NASDAQ: ZYXI) from Market Perform to Outperform with a price target of $22.50.

The analyst comments "We are upgrading ZYXI to Outperform from Market Perform based on the entry point into the story and the recently announced stock buyback program. We are maintaining our price target of $22.50. Our $22.50 price target represents 30 times our 2022 EPS estimate of $0.75. We continue to believe that business momentum is strong in the near-term as ZYXI reported Q4:20 order growth of 117% compared to Q4:19. ZYXI has a strong balance sheet with cash of $39 million and no long-term debt."

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

Shares of Zynex Inc. closed at $16.88 yesterday.

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