On Nov 07, major Wall Street analysts update their ratings for $Globus Medical (GMED.US)$, with price targets ranging from $85 to $100.
Barclays analyst Matt Miksic maintains with a buy rating, and maintains the target price at $100.
Wells Fargo analyst Vik Chopra maintains with a buy rating, and maintains the target price at $88.
Needham analyst David Saxon maintains with a hold rating.
Stifel analyst Mathew Blackman maintains with a buy rating, and adjusts the target price from $80 to $92.
Piper Sandler analyst Matthew O'Brien maintains with a buy rating, and adjusts the target price from $80 to $100.
Furthermore, according to the comprehensive report, the opinions of $Globus Medical (GMED.US)$'s main analysts recently are as follows:
Globus Medical is poised to resume mid-to-high single-digit sales growth and achieve mid-30's EBITDA margins. The company's earnings outperformance is seen as 'impressive,' driven by robust sales and increasing cost synergies.
Globus Medical has exceeded expectations by continuing to deliver improved financial results, surpassing earlier projections. This success is partly due to the more efficient than anticipated integration of NuVasive, and as a result, there is a belief that better integration execution and enhanced profitability justify a less discounted multiple. Nonetheless, there is a view that realizing cross-selling synergies may prove challenging, particularly in the face of new competitors in the spine robot market entering this quarter, which could pose a challenge in meeting the market's anticipated 7% growth.
Q3 served as a significant confirmation of the thesis that the business has stronger foundations today than most anticipated. It is believed that current estimates may be too conservative and there is potential for a 1-2 turn increase in the multiple.
The company reported strong Q3 results, with sales and EPS exceeding expectations by 3% and 27%, respectively. This marks the fourth consecutive quarter of positive performance following the acquisition of Nuvasive, and due to management's exceptional execution, the company has achieved what is considered the most successful spine merger in the industry.
Globus Medical is challenging the commonly held beliefs about the inefficacy of spine mergers through its recent performance. The company's strict financial discipline and operational execution are contributing to a momentum that is expected to generate substantial free cash flow conversion, which could potentially lead to significant share repurchase activities.
Here are the latest investment ratings and price targets for $Globus Medical (GMED.US)$ from 6 analysts:
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美東時間11月7日，多家華爾街大行更新了$Globus Medical (GMED.US)$的評級，目標價介於85美元至100美元。
巴克萊銀行分析師Matt Miksic維持買入評級，維持目標價100美元。
富國集團分析師Vik Chopra維持買入評級，維持目標價88美元。
Needham分析師David Saxon維持持有評級。
斯迪富分析師Mathew Blackman維持買入評級，並將目標價從80美元上調至92美元。
派傑投資分析師Matthew O'Brien維持買入評級，並將目標價從80美元上調至100美元。
此外，綜合報道，$Globus Medical (GMED.US)$近期主要分析師觀點如下：
globus medical準備恢復中至高個位數的銷售增長，並實現中30的EBITDA利潤率。公司收益的超越被視爲'令人印象深刻'，受到強勁銷售和成本協同增長的推動。
globus medical繼續交付改善的財務業績，超過先前預期。部分成功歸因於NuVasive的整合比預期更有效率，因此認爲更好的整合執行和增強的盈利能力可以證明一定程度的估值折扣。儘管如此，有一種看法認爲，實現跨銷售協同效應可能會面臨挑戰，特別是在新競爭對手進入脊柱機器人市場的情況下，這可能會對滿足市場預期的7%增長構成挑戰。
第三季度被視爲證實該企業比大多數人預期更具有堅實基礎的論點。人們認爲當前的估算可能過於保守，存在着提高1-2倍多的潛力。
該公司發佈了強勁的第三季度業績，銷售額和每股收益分別超出了預期3%和27%。這標誌着繼收購Nuvasive後第四個連續季度的積極表現，由於管理層的卓越執行，該公司已經實現了被認爲是行業內最成功的脊柱併購。
globus medical通過最近的表現挑戰了有關脊柱併購無效性的常見觀念。公司嚴格的財務紀律和運營執行正在爲預計產生大量自由現金流轉化的動力做出貢獻，這可能最終導致重大的股份回購活動。
以下爲今日6位分析師對$Globus Medical (GMED.US)$的最新投資評級及目標價：
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