BTIG Believes Integra Lifesciences (IART) Still Has Room to Grow


BTIG analyst Ryan Zimmerman assigned a Buy rating to Integra Lifesciences (NASDAQ: IART) yesterday and set a price target of $69. The company’s shares closed yesterday at $64.08, close to its 52-week high of $67.50.

According to TipRanks.com, Zimmerman is a 5-star analyst with an average return of 28.7% and a 70.5% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, OrthoPediatrics Corp, and Stryker Corporation.

Integra Lifesciences has an analyst consensus of Hold, with a price target consensus of $65.67.

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Based on Integra Lifesciences’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $11.38 million. In comparison, last year the company had a net profit of $10.84 million.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock.

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Integra LifeSciences Holdings Corp. engages in the manufacture and sale of medical instruments, devices, and equipment. It operates through the Codman Specialty Surgical and Orthopedics and Tissue Technologies segments.

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