William Blair analyst Brandon Vazquez has maintained their bullish stance on CBLL stock, giving a Buy rating on October 20.
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Brandon Vazquez has given his Buy rating due to a combination of factors that highlight Ceribell, Inc.’s potential in the market. Despite the stock being down significantly year-to-date, the company has consistently surpassed market expectations, which suggests a strong underlying performance that is not yet reflected in its current stock price.
Additionally, the insights from Dr. Chitra Venkatasubramanian, a leading clinician and consultant for Ceribell, emphasize the clinical and economic advantages of Ceribell’s rapid-response EEG system. The discussion around the system’s benefits in patient care, workflow improvements, and cost efficiency, as well as its competitive edge over traditional EEG platforms, further supports the positive outlook for Ceribell’s market adoption and commercial growth potential.
In another report released on October 20, Raymond James also initiated coverage with a Buy rating on the stock with a $19.00 price target.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBLL in relation to earlier this year.