Penumbra, Inc. (PEN) Tops Q2 EPS by 8c, cuts guidance

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Go back to Penumbra, Inc. (PEN) Tops Q2 EPS by 8c, cuts guidance

Penumbra (PEN) PT Lowered to $205 at RBC Capital

July 31, 2024 6:24 AM EDT

RBC Capital analyst Shagun Singh lowered the price target on Penumbra (NYSE: PEN) to $205.00 (from $289.00) while maintaining a Outperform rating.

The analyst comments "PEN delivered a Q2 beat on sales/EPS, but lowered its FY24 revenue guidance by $60MM at the midpoint, sending shares... More

Penumbra (PEN) PT Lowered to $187 at BTIG

July 31, 2024 4:58 AM EDT

BTIG analyst Ryan Zimmerman lowered the price target on Penumbra (NYSE: PEN) to $187.00 (from $232.00) while maintaining a Buy rating.

The analyst comments "Going into results, there was debate about whether or not PEN would need to reset its guidance for FY24. The implied step-up in growth in 2H24 necessary to hit prior guidance, the tough comps in 2H24, competitive dynamics in VTE; all of these... More