Reported 1 day ago
Needham has upgraded Penumbra, Inc. (NYSE:PEN) from Hold to Buy, setting a price target of $326, driven by expectations of accelerated revenue growth in 2026. Key growth factors include the launch of the Ruby XL, findings from the STORM-PE trial, the upcoming Thunderbolt product, and easing challenges in China. The introduction of Thunderbolt is projected to nearly double revenue per stroke procedure, enhancing Penumbra’s market position and gross margins, leading to positive performance in its stock.
Source: YAHOO