Wells Fargo analyst Nathan Treybeck upgrades $Nevro (NVRO.US)$ to a hold rating, and adjusts the target price from $5.5 to $5.
According to TipRanks data, the analyst has a success rate of 72.7% and a total average return of 39.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Nevro (NVRO.US)$'s main analysts recently are as follows:
Despite the stock trading around all-time lows, there is an expectation that demand for spinal cord stimulation will continue to be weak, with limited opportunities for reducing costs.
Nevro is perceived to be on track to return to year-over-year sales growth in the second half of 2025, as anticipated by current consensus. Though no substantial exceedance over Street estimates is foreseen, factors such as easier year-over-year comparisons, reduced competitive trial activities, advancement of AdaptivAI, ongoing growth in painful diabetic neuropathy, expansion into new sales territories, and progression with Vyrsa are expected to bolster growth in 2025.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
