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Marie Thibault’s Buy Rating on iCAD: Attractive Valuation and Synergistic Potential with RadNet

Marie Thibault’s Buy Rating on iCAD: Attractive Valuation and Synergistic Potential with RadNet

Marie Thibault, an analyst from BTIG, maintained the Buy rating on iCAD (ICADResearch Report). The associated price target remains the same with $3.00.

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Marie Thibault has given her Buy rating due to a combination of factors including the attractive valuation of iCAD in the acquisition deal with RadNet. The transaction, valued at approximately $3.61 per iCAD share, represents a significant premium to iCAD’s current stock price, which aligns closely with her price target.
Thibault also sees potential for commercial and financial synergies between iCAD and RadNet, particularly noting iCAD’s appealing gross margin profile. These factors contribute to a favorable outlook for iCAD’s stock, justifying the Buy rating.

ICAD’s price has also changed moderately for the past six months – from $1.590 to $1.930, which is a 21.38% increase.

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