Analyst David Saxon from Needham reiterated a Buy rating on SI-Bone and keeping the price target at $24.00.
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David Saxon has given his Buy rating due to a combination of factors that highlight SI-Bone’s promising financial trajectory. The company’s revenue for the second quarter of 2025 surpassed expectations, prompting management to increase their revenue guidance for the year. This positive performance is attributed to the strong uptake of SI-Bone’s product portfolio and the successful introduction of new offerings.
Furthermore, the management’s cautious approach to forecasting suggests potential for further positive surprises in the latter half of the year. Despite only slight positive free cash flow in the quarter, the company’s growth and increasing profitability underpin the Buy rating. These elements collectively reinforce the confidence in SI-Bone’s future financial performance and market position.