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Piper Sandler Reaffirms Their Buy Rating on ICU Medical (ICUI)

Tipranks - Tipranks - Sat May 9, 8:12AM CDT

In a report released today, Jason Bednar from Piper Sandler maintained a Buy rating on ICU Medical, with a price target of $163.00.

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Bednar covers the Healthcare sector, focusing on stocks such as ICU Medical, Merit Medical Systems, and Solventum Corporation. According to TipRanks, Bednar has an average return of -5.7% and a 37.06% success rate on recommended stocks.

In addition to Piper Sandler, ICU Medical also received a Buy from KeyBanc’s Brett Fishbin in a report issued today. However, on the same day, Needham maintained a Hold rating on ICU Medical (NASDAQ: ICUI).

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Based on ICU Medical’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $540.31 million and a GAAP net loss of $15.73 million. In comparison, last year the company earned a revenue of $629.81 million and had a GAAP net loss of $23.83 million

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