Maxim Group Thinks Restoration Robotics Inc’s Stock is Going to Recover


In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Restoration Robotics Inc (HAIR), with a price target of $6. The company’s shares opened today at $2.08, close to its 52-week low of $1.45.

Vendetti observed:

“Market open, HAIR reported inline 3Q18 EPS on lower-than- expected revenue. In 3Q18, the company sold 11 ARTAS iX systems, including 10 in the US. We are introducing quarterly estimates for 2019, and reducing our go-forward revenue and EPS estimates. Sullivan was appointed as Interim Chief Commercial Officer.”

According to TipRanks.com, Vendetti is a 5-star analyst with an average return of 11.3% and a 55.0% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Xtant Medical Holdings, and Ra Medical Systems Inc.

Restoration Robotics Inc has an analyst consensus of Strong Buy, with a price target consensus of $5.25, implying a 152.4% upside from current levels. In a report issued on October 24, Roth Capital also initiated coverage with a Buy rating on the stock with a $4.50 price target.

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The company has a one-year high of $8.20 and a one-year low of $1.45. Currently, Restoration Robotics Inc has an average volume of 328.5K.

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Restoration Robotics, Inc. manufactures and develops medical devices for hair transplantation services. It provides artas system, a computer-assisted, physician-controlled system to harvest follicular units directly from the scalp.

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