UPDATE: OrthoPediatrics Corp. (KIDS) PT Raised to Street High $77 at Needham & Company

June 14, 2021 5:52 AM EDT
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Price: $60.60 +0.56%

Rating Summary:
    7 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 19
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(Updated - June 14, 2021 5:53 AM EDT)

Needham & Company analyst Mike Matson raised the price target on OrthoPediatrics Corp. (NASDAQ: KIDS) to Street High $77.00 (from $70.00) while maintaining a Buy rating.

The analyst comments "We expect ApiFix and Orthex to be KIDS' most meaningful product growth drivers in 2021 and 2022. Specifically, we believe ApiFix is a story of market expansion while Orthex is one of market share conversion. We expect their ongoing launches to continue to build momentum in 2021 and to augment KIDS' other growth drivers, and we reiterate our Buy rating. We have raised our price target to $77 from $70 due to peer multiple expansion."

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