2020-11-24 15:07:49 AXNX Axonics
Medtronic
11/24/20 11/2415:07 11/24/2015:07 | Piper says accelerating SNM market an underappreciated positive for AxonicsAfter Medtronic (MDT) reported its fiscal Q2 results, Piper Sandler analyst Adam Maeder said his "biggest takeaway" from the company's earnings call was that calendar Q3 was a "robust quarter" for the broader sacral neuromodulation, or SNM, market in the U.S. His model suggests the U.S. SNM market may have grown around 30% year-over-year in the quarter, which "is meaningfully above the low to mid-single-digit historical rate of growth in the U.S.," Maeder tells investors. The analyst, who contends that an accelerating SNM market is part of the Axonics (AXNX) story that he believes is underappreciated by some investors, reiterates his Overweight rating on Axonics shares. Axonics
Medtronic
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