ZYXI Similar Chart Price Prediction
The price of ZYXI is predicted to go up 8.78%, based on the high correlation periods with SYBX. The similarity of these two price pattern on the periods is 96.65%.
ZYXI
SYBX
Up: 8.78%Similarity: 96.65%
ZYXI Revenue Forecast
ZYXI EPS Forecast
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ZYXI Analyst's Forecast
Shagun Singh
RBC Capital
Buy
2024-10-08
Price Target
$12 → $11
Upside
+42.12%
RBC Capital analyst Shagun Singh lowered the firm's price target on Zynex to $11 from $12 and keeps an Outperform rating on the shares as part of a broader research note previewing Q3 results. The firm's industry checks suggest that Q3 underlying utilization trends were positive despite typical summer seasonality driving a sequential step-down in elective procedures, the analyst tells investors in a research note. Investor sentiment is also positive for MedTech stocks going into the earnings season, and investors are likely to continue to chase winners and catalyst-driven names into year-end, RBC added.
