Analyst Daniel Stauder initiated coverage of the stock with an outperform rating and $60 price target, implying shares could soar by almost 70%.
"Representing the number one player in treating complex forms of atrial fibrillation, the company has carved out a dominant position in two major legacy cardiac arenas that are still growing at a very healthy clip, and where it is primarily the only game in town," Stauder wrote in a Monday note. "The company's efforts to drive operating leverage and achieve positive adjusted EBITDA should, in our view, bode well in the current MedTech landscape.
mountain AtriCure stock. According to Stauder, AtriCure has moved into two emerging opportunities that represent even larger total addressable markets than the company's traditional niche, and JMP views both as offering additional opportunity.
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