Outset Medical Inc. (OM) Tops Q4 EPS by 8c

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Go back to Outset Medical Inc. (OM) Tops Q4 EPS by 8c

RBC Capital Remains Positive on Outset Medical Inc. (OM)

February 14, 2023 9:35 AM EST

RBC Capital analyst Shagun Singh reiterated an Outperform rating and $32.00 price target on Outset Medical Inc. (NASDAQ: OM).

The analyst comments "We caught up with the company twice since yesterday's release and believe the stock reaction is overdone because of the following reasons: (1) Q1 reflects typical seasonality for capital businesses, which represented 56% of the company's sales mix (consoles); in fact, we note that Q1 typically tends to be down sequentially for MedTech in general and... More