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Brokers raise price target on Boston Scientific as it expects optimistic sales growth

Fri 22 Sep 23, 01:09 PM | Akanksha Vashisht

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Summary

Medical equipment manufacturer Boston Scientific Corporation (NYSE: BSX) received a price target upgrade from brokers as it projects sales growth of 8% to 10% for 2024 to 2026.

The company held the Investor Day meeting and declared its Q2 2023 results on September 20, 2023. In the announcement, Boston Scientific reported net sales of US$3.6 billion for Q2 2023, marking an 11% increase over the company’s guidance for the period.

Meanwhile, the net income attributable to common stockholders was US$0.18 per share in Q2 2023. Meanwhile, the adjusted EPS was US$0.53 per share, as against the company guidance of US$0.48 to US$0.50 per share.

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