2021-11-11 07:32:35 NPCE NeuroPace
11/11/21 11/1107:32 11/11/2107:32 | NeuroPace price target lowered to $20 from $28 at Wells FargoWells Fargo analyst Larry Biegelsen lowered the firm's price target on NeuroPace to $20 from $28 and keeps an Overweight rating on the shares. The analyst notes NeuroPace reported Q3 results, delivering revenue of $10.3M that came in below both his estimate and consensus. In September, the company indicated that it expected the Q3 COVID impact to be similar to Q4 2020, but results were lower than expected, driven by COVID-19 related headwinds, increased patient and provider vacation demand, and postponed/delayed procedures. |
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