TD Cowen analyst Josh Jennings has maintained their bullish stance on STXS stock, giving a Buy rating today.
Josh Jennings has given his Buy rating due to a combination of factors surrounding Stereotaxis’s strategic advancements. The company’s recent acceptance into the NVIDIA Connect program is a significant milestone, marking a crucial step in its long-term innovation strategy. This collaboration with NVIDIA, a leader in artificial intelligence and GPU technology, is expected to enhance Stereotaxis’s robotic precision, automation, and decision support capabilities.
By joining the NVIDIA Connect program, Stereotaxis gains access to a comprehensive suite of software development tools and frameworks, which will support the integration of advanced AI into its robotic magnetic navigation platform. This partnership is anticipated to optimize the company’s robotic capabilities, improve clinical workflows, and elevate patient care, thereby positioning Stereotaxis for future technological advancements and growth.
In another report released today, Lake Street also maintained a Buy rating on the stock with a $4.00 price target.