Needham lowered the firm’s price target on Artivion (AORT) to $32 from $34 and keeps a Buy rating on the shares after its Q4 results. The company’s constant currency revenue growth slowed to 3.5% from 9.5% in Q3 as the previously disclosed cybersecurity issue disrupted sales while its gross margin was down 200 bps, the analyst tells investors in a research note.
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Read More on AORT:
- Artivion’s Resilient Growth Outlook: Overcoming Cybersecurity Setbacks with Strong Operational Efficiency and Product Expansion
- Artivion price target lowered to $30 from $33 at Stifel
- Artivion’s Resilient Growth Outlook: Overcoming Cyber Challenges with Strategic Approvals and Strong Demand
- Artivion’s Resilient Growth Potential: Overcoming Cybersecurity Setbacks with Strong Fundamentals and New Developments
- Artivion Inc. Reports Strong 2024 Financial Results
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