Needham Issues a Buy Rating on Resmed (RMD)

In a report released today, Michael Matson from Needham assigned a Buy rating to Resmed (RMD), with a price target of $229.00. The company’s shares closed last Monday at $227.90.

According to, Matson is a 5-star analyst with an average return of 16.7% and a 68.5% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.

Resmed has an analyst consensus of Strong Buy, with a price target consensus of $177.73, a -19.8% downside from current levels. In a report issued on June 9, CLSA also upgraded the stock to Buy with a price target.

See today’s analyst top recommended stocks >>

Resmed’s market cap is currently $31.81B and has a P/E ratio of 69.80. The company has a Price to Book ratio of 85.12.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1989, California-based ResMed, Inc. is a medical equipment company. The company is engaged in the development, manufacturing, distribution, and marketing of medical equipment and software solutions. The company operates through two segments: Sleep and Respiratory Care, and SaaS (Software as a Service).

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts