Piper Sandler lowered the firm’s price target on Vicarious Surgical (RBOT) to $7 from $8.50 and keeps a Neutral rating on the shares following quarterly results. Most notably, the company removed its goal for first clinical use by year-end and instead is focused on completing a fully integrated, production-equivalent system enabling design lock and initiating full system V&V, the firm says.
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Read More on RBOT:
- Vicarious Surgical Reports Improved Q2 Financials and Leadership Change
- Strategic Leadership Change and Prioritization Boost Vicarious Surgical’s Growth Prospects
- Vicarious Surgical reports Q2 EPS ($2.23), consensus ($2.50)
- Vicarious Surgical anticipates FY25 cash burn of about $50M
- RBOT Upcoming Earnings Report: What to Expect?
