Financial PerformanceShockwave generated adjusted EBITDA of $68.5M, surpassing both CG’s estimate of $61.6M and the Street’s $64.1M.
Mergers And AcquisitionsJohnson & Johnson announced a definitive agreement to acquire Shockwave Medical for $335 per share in cash, a transaction value worth $13.1B.
Stock ValuationPrice Target increased to $335, reflecting the proposed acquisition price by Johnson & Johnson.