William Blair analyst Brandon Vazquez has reiterated their bullish stance on CVRX stock, giving a Buy rating yesterday.
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Brandon Vazquez has given his Buy rating due to a combination of factors, including the stabilization of the sales force and strategic investments in headcount over the past six months, which have led to a 2% increase in sales compared to market expectations. This growth has been accompanied by a 27% increase in total active centers, as the company strategically focuses on long-term accounts while phasing out less productive ones.
Despite a slight reduction in the high end of guidance, which was lowered by one million dollars, Vazquez remains confident in the company’s underlying momentum. Conversations with management suggest that the adjustment is more about refining the guidance range rather than indicating any fundamental issues. Furthermore, the sequential improvement in center productivity is expected to persist, supporting the company’s performance in the upcoming quarters. Vazquez maintains an Outperform rating, anticipating that the improving operational metrics will bolster the stock’s value.