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GKOS

Glaukos

$60.59

-2.745 (-4.33%)

, AVDR

Avedro

$21.81

-1.29 (-5.58%)

09:17
08/13/19
08/13
09:17
08/13/19
09:17

Glaukos pullback provides buying opportunity, says Stephens

Stephens analyst Chris Cooley believes investors should take advantage of the recent pullback in Glaukos (GKOS) shares, arguing that the company's existent new product pipeline plus the potential total addressable market expansion from the company's planned Avedro (AVDR) acquisition "more than merits" a roughly 25% relative valuation premium. Combining the companies results in a roughly 450 basis points increase to reported growth in calendar 2021 before factoring in the opportunity for potential revenue synergies, contributions from planned new products, expanded indications for use or geographic expansion, said Cooley, who maintains his $95 price target and Overweight rating on Glaukos shares.

GKOS

Glaukos

$60.59

-2.745 (-4.33%)

AVDR

Avedro

$21.81

-1.29 (-5.58%)

  • 14

    Aug

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    Aug

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    Sep

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    Nov

GKOS Glaukos
$60.59

-2.745 (-4.33%)

03/08/19
BTIG
03/08/19
INITIATION
BTIG
Neutral
Glaukos initiated with a Neutral at BTIG
BTIG analyst Ryan Zimmerman started Glaukos with a Neutral rating. Much of the share price today lies in value of the company's pipeline, Zimmerman tells investors in a research note. And while he thinks iStent SA could see "strong uptake," he believes there is less applicability across the glaucoma spectrum than assumed in iDose. This limits the "value we see above and beyond current share price today," contends the analyst.
04/26/19
PIPR
04/26/19
NO CHANGE
Target $80
PIPR
Overweight
Santen deal an 'incremental positive' for Glaukos, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien reiterated an Overweight rating on Glaukos with an $80 price target after the company announced an agreement with Santen whereby it would become the exclusive distributor of the MicroShunt in the U.S. In a research note to investors, O'Brien says he believes the announcement is an incremental positive for Glaukos, as the device is best suited for the most severe glaucoma patients, an area in which Glaukos does not have a product available or in development.
05/08/19
PIPR
05/08/19
NO CHANGE
Target $80
PIPR
Overweight
Glaukos' 'key drivers' doing well or better than expected, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien kept his Overweight rating and $80 price target on Glaukos after its Q1 earnings beat earlier today. The analyst notes that while the cut to UK reimbursement for iStent procedures has had some impact, he does not see it as dramatic, anticipating the international market for the company to grow "much faster" than the U.S. in the coming quarters. O'Brien adds that most of Glaukos' "key growth drivers" are performing "as well as or better than expected", and in spite of the premium valuation on the stock, he is positive on the stock.
08/09/19
COWN
08/09/19
DOWNGRADE
Target $27
COWN
Market Perform
Avedro downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Joshua Jennings downgraded Avedro (AVDR) to Market Perform from Outperform. The downgrade reflects the proposed acquisition by Glaukos (GKOS) which he expects to close in Q4. Jennings raised his target to $27 from $25 on Avedro shares.
AVDR Avedro
$21.81

-1.29 (-5.58%)

03/11/19
GUGG
03/11/19
INITIATION
GUGG
Buy
Avedro initiated with a Buy at Guggenheim
Guggenheim analyst Christopher Pasquale initiated Averdo with a Buy and a $21 price target.
08/08/19
COWN
08/08/19
DOWNGRADE
Target $27
COWN
Market Perform
Avedro downgraded to Market Perform from Outperform at Cowen
Cowen analyst Joshua Jennings downgraded Avedro to Market Perform but raised his price target to $27 from $25.
08/12/19
LEER
08/12/19
DOWNGRADE
Target $22
LEER
Market Perform
Avedro downgraded to Market Perform from Outperform at SVB Leerink
SVB Leerink analyst Danielle Antalffy downgraded Avedro to Market Perform from Outperform and lowered her price target for the shares to $22 from $25.

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AMAT

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DB

Deutsche Bank

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, COF

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MXIM

Maxim Integrated

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GLD

SPDR Gold Shares

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AUMN

Golden Minerals

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DMPI

DelMar Pharmaceuticals

$0.77

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RTN

Raytheon

$180.58

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UHAL

Amerco

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NTLA

Intellia Therapeutics

$15.77

-1.08 (-6.41%)

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GD

General Dynamics

$183.42

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NVLN

Novelion Therapeutics

$0.66

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

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ONCS

OncoSec

$1.84

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TNXP

Tonix Pharmaceuticals

$0.42

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SPX

S&P 500

$0.00

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ATIS

Attis Industries

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CVEO

Civeo

$1.32

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AGO

Assured Guaranty

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RMED

Ra Medical Systems

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PBA

Pembina Pipeline

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APEN

Apollo Endosurgery

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LQDA

Liquidia Technologies

$5.23

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V

Visa

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QCOM

Qualcomm

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