Lake Street lowered the firm’s price target on Beta Bionics (BBNX) to $20 from $40 and keeps a Buy rating on the shares. The firm, which expects continued investment in 2026 to lay the foundation for long-term durable growth, thinks the growth, margin, and balance sheet profile supports multiple expansion, but is decreasing its price target to align with recent share action.
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Read More on BBNX:
- Beta Bionics price target lowered to $14 from $28 at Baird
- Beta Bionics price target lowered to $22 from $25 at Stifel
- Hold Rating Maintained as In-Line Results and Improving Margins Offset Near-Term Prescription Headwinds
- Beta Bionics sees FY26 revenue $130M-$135M, consensus $132.68M
- Beta Bionics reports Q4 EPS (30c), consensus (38c)