RBC Capital raised the firm’s price target on Outset Medical (OM) to $14 from $12 and keeps a Sector Perform rating on the shares. The company’s Q1 Tablo consoles grew 23% q/q – first growth in six quarters) -while recurring revenue grew 20% y/y, and its commercial transformation is now behind with initiatives yielding results, the analyst tells investors in a research note. Outset’s FY25 guide looks conservative, the firm added.
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Read More on OM:
- Outset Medical Reports Strong Q1 Growth and Improved Margins
- Outset Medical’s Strong Financial Performance and Growth Potential Justify Buy Rating
- Outset Medical reports Q1 EPS ($3.24)
- Outset Medical backs FY25 revenue view $115M-$125M, consensus $120.26M
- Positive Outlook for Outset Medical: Buy Rating and $15 Price Target Amid Share Adjustments and Market Trends