Public Event Detail
Masimo stock price target raised to $200 from $198 at BTIG on growth outlook
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Event summary
BTIG increased its price target for Masimo Corp. to $200 from $198, reaffirming a Buy rating, after the company outlined an ambitious long-range plan through 2028 including strong revenue growth, operating margin expansion, and significant adjusted EPS targets. Despite current year sales decline predictions, analysts forecast profitability for FY2025 and anticipate accelerated revenue growth in later years driven by new AI-enabled product launches and next-generation monitors. Masimo's financial health is bolstered by moderate debt and strong liquidity, contributing to BTIG's positive outlook on its valuation.