Neuronetics Inc. (STIM) Prelim. Q3 Revenue Falls Short of Prior Guidance
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Neuronetics (STIM) PT Lowered to $15 at Canaccord Genuity
October 13, 2021 8:06 AM EDTCanaccord Genuity analyst William Plovanic lowered the price target on Neuronetics (NASDAQ: STIM) to $15.00 (from $21.00) while maintaining a Buy rating on weaker Q3 revenue.
The analyst commented, "Neuronetics announced preliminary Q3/21 revenue of ~$13.8M, missing our $15.0M estimate, and the companys guidance of $15M-$16M. Management commentary from the preannouncement indicated... More
