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Masimo (MASI) Receives a Buy from Wells Fargo

Tipranks - Tipranks - Thu Jan 15, 6:40AM CST

In a report released today, Vik Chopra from Wells Fargo maintained a Buy rating on Masimo, with a price target of $190.00.

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According to TipRanks, Chopra is a 3-star analyst with an average return of 6.4% and a 44.19% success rate. Chopra covers the Healthcare sector, focusing on stocks such as Alphatec Holdings, Globus Medical, and Masimo.

In addition to Wells Fargo, Masimo also received a Buy from Piper Sandler’s Jason Bednar in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Masimo (NASDAQ: MASI).

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Based on Masimo’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $371.5 million and a GAAP net loss of $100.4 million. In comparison, last year the company earned a revenue of $504.6 million and had a net profit of $9.8 million

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