In a report issued on April 24, Michael Matson from Needham reiterated a Buy rating on Boston Scientific Corp (BSX), with a price target of $43. The company’s shares closed on Friday at $37.38.
According to TipRanks.com, Matson is a 5-star analyst with an average return of 10.4% and a 63.1% success rate. Matson covers the Healthcare sector, focusing on stocks such as Cardiovascular Systems, Zimmer Biomet Holdings, and Merit Medical Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Boston Scientific Corp with a $44.07 average price target, which is a 17.9% upside from current levels. In a report issued on April 17, Canaccord Genuity also maintained a Buy rating on the stock with a $43 price target.
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Boston Scientific Corp’s market cap is currently $51.76B and has a P/E ratio of 29.20. The company has a Price to Book ratio of 5.93.
Based on the recent corporate insider activity of 161 insiders, corporate insider sentiment is negative on the stock.
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Boston Scientific Corp. engages in the development, manufacture and marketing of medical devices that are used in interventional medical specialties. It operates through the following segments: Cardiovascular, Rhythm Management, and MedSurg.
