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Quiet period ends on Acutus Medical; stock rallies on analysts ratings

August 31, 2020

Analyst coverage opens up on Acutus Medical (AFIB +14.1%).

William Blair launches the online marketplace stock with a Outperform rating. Analyst Margaret Kaczor estimates sales of $11.8M in 2020, $55M in 2021, and $125.4M in 2022; he believes better outcomes—particularly for hard-to-treat cases—a better patient/care team experience, and a lower cost to treat should lead to a 120% sales CAGR through 2022.

“Acutus is poised to take share and expand the $5.7B global cardiac ablation market,” Kaczor added.

JPMorgan Chase sets an Overweight rating and price target of $39. Buy ratings have been initiated by Bank of America (PT, 38), BTIG Research (PT, 40) and BofA Securities (PT, 38). Cautious ratings are in from Canaccord Genuity (Hold).

https://seekingalpha.com/news/3610199-quiet-period-ends-on-acutus-medical-stock-rallies-on-analysts-ratings

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