LivaNova (LIVN) has seen a series of analyst downgrades recently. Barclays lowered its price target to $56 from $58, maintaining an Equal Weight rating, while Mizuho, Stifel, and Baird also reduced their targets to $60. Wolfe Research downgraded the stock to Peer Perform from Outperform, reflecting growing concerns about the company's outlook.
The stock is currently trading at $40.43, with bearish momentum indicated by its RSI_14 of 39.14 and a negative MACD. The Fibonacci support level at $36.37 is a key target if the stock breaks below its current levels.
The Fibonacci levels suggest resistance at $42.38 and support at $36.37, with the pivot point at $39.37.
Based on the bearish technical indicators and negative analyst sentiment, the stock is expected to decline to $36.37 next week.
Recommendation: Sell LIVN at the current price target of $36.37.
The price of LIVN is predicted to go up -8.89%, based on the high correlation periods with MPU. The similarity of these two price pattern on the periods is 98.35%.
LIVN
MPU
LivaNova continues to enjoy a large footprint in the heart-lung machine market, which comes with the sale of consumable oxygenators.
If vagus nerve stimulation proves effective for sleep apnea, this could be a large growth opportunity for LivaNova.
LivaNova has developed expertise in smaller, more niche markets, which helps insulate the business from more intense competition seen elsewhere in medtech.
Barclays
2025-03-07
Price Target
$58 → $56
Upside
+42.97%
Needham
2024-11-25
Price Target
$75
Upside
+44.93%
Baird
2024-10-31
Price Target
$66 → $72
Upside
+39.48%