Wells Fargo lowered the firm’s price target on Procept BioRobotics (PRCT) to $51 from $58 and keeps an Overweight rating on the shares. The firm notes the company’s Q3 sales beat, but it lowered Q4 guide and provided a 2026 sales outlook with midpoint below Street. The utilization and capital spend commentary raise caution, but Wells believes that Procept commercial reorganization can support upside with an attractive valuation.
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