Merit Medical Systems ( (MMSI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Merit Medical Systems experienced a decline in its stock price despite reporting strong Q1 financial results, with revenue surpassing expectations. The dip is attributed to Piper Sandler’s decision to lower its price target from $116 to $112, due to policy and economic uncertainties. The firm remains optimistic about Merit’s investment potential but advises caution regarding tariff risks and delayed gains from the Wrapsody system.
More about Merit Medical Systems
YTD Price Performance: -2.40%
Average Trading Volume: 696,381
Technical Sentiment Signal: Sell
Current Market Cap: $5.4B
For further insights into MMSI stock on TipRanks’ Stock Analysis page.
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