Ascendiant initiated coverage of Envoy Medical with a Buy rating and $8.50 price target. The company’s medical devices are designed to bring both providers and patients hearing devices with improved technology, ease of use, access, usability, independence, and quality of life, the analyst tells investors in a research note. The firm sees large market opportunities for Envoy’s Acclaim CI to treat hearing loss. It believes positive clinical milestones in 2024 will be “strong catalysts” for the stock.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COCH:
- Envoy Medical Announces Board Reshuffle and New Appointment
- Envoy Medical appoints Michael Crowe to board of directors
- Envoy Medical Announces Addition of Medical Device Manufacturing Experience to its Board of Directors to Prepare for Scaling
- Envoy Medical Announces Inclusion in the MSCI USA Micro Cap Index
- Envoy Medical announces inclusion in the MSCI USA Micro Cap Index
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue