TD Cowen analyst Brendan Smith has reiterated their bullish stance on MASS stock, giving a Buy rating today.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Brendan Smith has given his Buy rating due to a combination of factors that highlight the positive trajectory of 908 Devices. The company has shown strong performance in the third quarter with revenues slightly surpassing expectations, and it has maintained its revenue guidance for fiscal year 2025 despite potential delays caused by government shutdowns. This stability, coupled with the company’s restructuring efforts, enhances the visibility of future growth and profitability.
Furthermore, the launch of the VipIR product is gaining traction, which is expected to be a significant growth driver in the coming years. The company’s path towards achieving positive adjusted EBITDA by the fourth quarter of 2025 and cash flow breakeven by fiscal year 2026 is seen as a critical turning point. With a solid cash position and a focus on profitability improvements, the outlook for 908 Devices appears increasingly attractive to investors.