Console RevenueWhile encouraging, this also implied a lighter Q4 Console revenue metric than forecasted, $5.8M vs $7.3M estimate.
Market ValuationThe new price target uses a lower EV-to-sales multiple of 2.1, which reflects a broader contraction in market valuations for small-cap stocks.
Price Target ReductionThe price target for Outset Medical, Inc. has been significantly reduced from $45 to $15.