In a report released yesterday, Marie Thibault from BTIG maintained a Buy rating on Masimo, with a price target of $200.00.
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Marie Thibault has given his Buy rating due to a combination of factors related to Masimo’s better‑than‑expected recent performance and positive outlook. The company’s preliminary fourth-quarter revenue and adjusted EPS both surpassed market forecasts, indicating stronger demand and operational execution than investors had anticipated. Masimo also shipped more drivers than consensus expected, signaling robust adoption of its technology and supporting confidence in the sustainability of its revenue base.
Looking ahead, Masimo’s guidance for 2025 calls for solid top-line growth and adjusted EPS above the previously communicated range, which suggests improving profitability and effective cost management. The company’s plan to ship a high volume of drivers in 2025, combined with management’s indication that new customer contract value reached a record level, points to an expanding installed base and attractive long-term recurring revenue potential. Taken together, these elements underpin Thibault’s constructive view on the stock and support her Buy recommendation.