Needham analyst Michael Matson has reiterated their bullish stance on ENOV stock, giving a Buy rating today.
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Michael Matson has given his Buy rating due to a combination of factors including Enovis’s strong financial performance and positive future outlook. The company’s revenue, EBITDA, and EPS for the second quarter of 2025 exceeded market expectations, prompting management to increase their revenue guidance for the year. This upward revision is attributed to favorable currency conditions and enhanced core business operations.
Despite a slowdown in organic revenue growth compared to the previous quarter, the growth rate remained stable when adjusted for selling days. The Reconstructive segment showed robust organic growth, and the company maintained a steady adjusted EBITDA margin year-over-year. Matson views Enovis as an appealing growth at a reasonable price (GARP) opportunity, which supports his Buy rating, even though he adjusted the price target to $49 due to changes in peer valuations.
According to TipRanks, Matson is an analyst with an average return of -7.4% and a 36.95% success rate. Matson covers the Healthcare sector, focusing on stocks such as TransMedics Group, Merit Medical Systems, and Establishment Labs Holdings.