Jefferies is seeing a clearer outlook for shares of this maker of ocular implants
Jefferies sees a clear outlook for shares of RxSight . Analyst Young Li initiated coverage of the maker of ocular implants to resolve vision issues with a buy rating, citing its "unique" technology. He also placed a $72 price target on the stocks, reflecting 43% upside from Monday's close. "RXST makes the first and only post surgery adjustable intraocular lens to resolve cataracts. The differentiated and best in class tech enables premium , and share taking, from 10% U.S.
mountain Shares in 2024 The firm expects the company to hit this 50% market share milestone via solid clinical results, growing adoption and utilization trends. Li also views RxSight's $6 billion 2027 estimate for its light adjustable lens as too conservative. Checks suggest that nearly half of intraocular lens patients qualify, boosting the firm's confidence in modeling 45% LAL growth by the end of 2025 — ahead of consensus expectations.
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