Positive Buy Rating for 908 Devices Following Strong Q1 Performance and Revised EBITDA Outlook

William Blair analyst Matt Larew has maintained their bullish stance on MASS stock, giving a Buy rating on May 14.

Matt Larew has given his Buy rating due to a combination of factors that emerged from the first-quarter results of 908 Devices. The analysis included a thorough review of the company’s quarterly performance and SEC filings, which provided insights into the company’s financial health and operational efficiency.
Furthermore, adjustments were made to the EBITDA calculations, reflecting a more accurate financial outlook. These elements collectively contributed to a positive assessment, leading to the Buy recommendation for 908 Devices’ stock.

In another report released on May 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $6.00 price target.