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Piper Sandler upgrades Sight Sciences to Overweight, raises target to $9

As previously reported, Piper Sandler analyst Matt O’Brien upgraded Sight Sciences (SGHT) to Overweight from Neutral with a price target of $9, up from $5. The firm has become increasingly bullish on the TearCare opportunity – though it would still advise some investor patience near-term as the company works to secure coverage from payors. Further, Piper says the company’s surgical glaucoma business has performed better-than-expected in 2025 year-to-date and it sees brighter days ahead in FY26. While shares meaningfully outperformed in 2025, the firm thinks the risk-reward for Sight still skews positive at these levels.

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