Canaccord analyst William Plovanic raised the firm’s price target on Penumbra (PEN) to $340 from $323 and keeps a Buy rating on the shares. The firm said trhey delivered strong Q4 results and with the likelihood of upside to guidance from Thunderbolt in 2025, and continued focus on increasing profitability, they think the setup is strong for Penumbra.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEN:
- Buy Rating Reaffirmed for Penumbra: Strong Financial Performance and Promising Growth Prospects Drive Upgraded Price Target
- Analyst’s Hold Rating on Penumbra Amid Strong Q4 Performance and Uncertain 2025 Outlook
- Penumbra price target raised to $330 from $250 at Piper Sandler
- Penumbra, Inc. Reports Strong 2024 Financial Performance
- Closing Bell Movers: Shift4 down 10%, Penumbra up 8% after results