Stifel analyst Mathew Blackman raised the firm’s price target on Penumbra (PEN) to $318 from $301 and keeps a Buy rating on the shares. Q1 results were “across-the-board ahead of expectations” and the company re-affirmed or raised key guidance metrics, says the analyst, who sees Penumbra “emerging as a port in stormy waters.”
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Read More on PEN:
- Cautious Hold on Penumbra Despite Strong Q1 Performance and Promising Thunderbolt Prospects
- Penumbra, Inc. Reports Strong Q1 2025 Financial Growth
- Optimistic Outlook for Penumbra: Strong U.S. Thrombectomy Performance and Strategic Growth Initiatives Drive Positive Forecast
- Penumbra reports Q1 EPS $1.00, consensus 67c
- Penumbra backs FY25 revenue $1.34B-$1.36B, consensus $1.35B
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