William Plovanic, an analyst from Canaccord Genuity, maintained the Buy rating on Artivion. The associated price target remains the same with $41.00.
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William Plovanic has given his Buy rating due to a combination of factors that highlight Artivion’s strong financial performance and promising product pipeline. The company recently exceeded revenue and adjusted EBITDA expectations for the second quarter, leading to an upward revision of its fiscal year 2025 guidance. This positive performance was driven by the successful launch of AMDS under HDE, which has shown strong initial stocking benefits and targets a significant portion of the US market for Acute Type A Aortic Dissections.
Additionally, Artivion’s pipeline of innovative products, such as the Arcevo LSA and NEXUS, further supports the Buy rating. The company has received IDE approval for Arcevo LSA, which is expected to improve ease of use and has shown promising results in European trials. The NEXUS device, on track for approval in the second half of 2026, has demonstrated a significant reduction in major adverse events. Furthermore, the On-X aortic valve continues to gain market share due to its unique low INR indication, supported by favorable clinical data. These factors collectively underscore Artivion’s potential for sustained growth and market leadership.
Plovanic covers the Healthcare sector, focusing on stocks such as Artivion, TransMedics Group, and TriSalus Life Sciences. According to TipRanks, Plovanic has an average return of 3.1% and a 44.79% success rate on recommended stocks.
In another report released on August 8, Lake Street also reiterated a Buy rating on the stock with a $45.00 price target.