Needham analyst Michael Matson has maintained their neutral stance on MASI stock, giving a Hold rating today.
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Michael Matson has given his Hold rating due to a combination of factors surrounding Masimo’s recent legal victory and its implications. The company recently won a significant patent infringement case against Apple, resulting in a $634 million award. This victory underscores the robustness of Masimo’s intellectual property, as it has previously won similar cases against other major companies.
However, the potential appeal by Apple could delay the collection of these damages, which introduces uncertainty regarding the timing of the financial benefit. Additionally, while the U.S. International Trade Commission is considering a ban on certain Apple Watch imports, the outcome and impact of this proceeding remain uncertain. These factors contribute to a cautious outlook, leading to the Hold rating.
In another report released today, Bank of America Securities also initiated coverage with a Hold rating on the stock with a $162.00 price target.