Morgan Stanley analyst Patrick Wood downgrades $Glaukos (GKOS.US)$ to a sell rating, and maintains the target price at $120.
According to TipRanks data, the analyst has a success rate of 42.9% and a total average return of 5.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Glaukos (GKOS.US)$'s main analysts recently are as follows:
iDose is recognized as an excellent product with significant long-term potential. However, the current valuation poses challenges in identifying further upside relative to other stocks. Additionally, while there are promising assets in development, their realization is expected to take some time.
Recent tracking indicates a resurgence in the number of new iDose-trained surgeons, bolstering confidence in surpassing the predicted $100M iDose sales by 2025. Continued advancements in Medicare Administrative Contractor reimbursements are also foreseen to significantly accelerate iDose revenue growth by mid-2025.
Note:
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