BTIG analyst Marie Thibault reiterated a Buy rating on Neuronetics (STIM) today and set a price target of $10.00. The company’s shares closed last Monday at $7.93, close to its 52-week high of $8.44.
According to TipRanks.com, Thibault is a 5-star analyst with an average return of 38.0% and a 59.3% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Varian Medical Systems, and Irhythm Technologies.
Currently, the analyst consensus on Neuronetics is a Strong Buy with an average price target of $9.00, implying a 6.6% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $9.00 price target.
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Neuronetics’ market cap is currently $150.5M and has a P/E ratio of -4.70. The company has a Price to Book ratio of 5.44.
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Neuronetics, Inc. commercial stage medical technology company. It focuses on designing, developing and marketing products for the patients suffering from psychiatric disorders. The firm offers NeuroStar TMS, a therapy system for the treatment of major depressive disorders in adult patients. It also provides a range of support services, including patient education, practice data management system, and customer and technical services to help the client start and manage TMS therapy systems. The company was founded by Steven B. Waite, Bruce J. Shook, Norman R. Weldon and Thomas D. Weldon in April 2003 and is headquartered in Malvern, PA.
