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B. Riley Securities Reaffirms Their Buy Rating on Inogen (INGN)

Tipranks - Fri Jan 23, 4:16AM CST

In a report released yesterday, Anderson Schock from B. Riley Securities reiterated a Buy rating on Inogen, with a price target of $14.00. The company’s shares closed yesterday at $6.36.

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According to TipRanks, Schock is a 2-star analyst with an average return of 2.9% and a 53.33% success rate. Schock covers the Healthcare sector, focusing on stocks such as Inogen, InfuSystem Holdings, and OptimizeRx.

Currently, the analyst consensus on Inogen is a Moderate Buy with an average price target of $13.00, which is a 104.40% upside from current levels. In a report released on January 12, Needham also reiterated a Buy rating on the stock with a $12.00 price target.

Based on Inogen’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $92.39 million and a GAAP net loss of $5.29 million. In comparison, last year the company earned a revenue of $88.83 million and had a GAAP net loss of $5.96 million

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