AngioDynamics' Strong 1Q26 Performance and Promising Outlook Justify Buy RatingValuation and Risks. Our 12-month price target is derived from a comparable universe analysis. This employs a spectrum of medical technology and device companies contributing to a number of comparative valuation metrics, including an EV/Revenue multiple of 3.7x and an EV/EBITDA multiple of 15.7x. Using our projected sales per share for the next 12 months (from F2Q26 to F1Q27) at $7.56, projected EBITDA per share at $0.14, and net cash of $0.93 per share, these yield an average price objective of approximately $16. Risks include, but are not limited to: (1) lower-than-projected growth of (2) divestiture of (3) inability to achieve profitability; (4) higher-than-expected competition; and (5) potential dilution risk.