Shares of RxSight, Inc. (NASDAQ:RXST – Get Free Report) have earned an average rating of “Reduce” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.4444.
RXST has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of RxSight from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Stifel Nicolaus reduced their price objective on shares of RxSight from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Monday, March 9th. UBS Group raised their target price on RxSight from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Needham & Company LLC decreased their target price on RxSight from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Wells Fargo & Company decreased their target price on RxSight from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th.
Read Our Latest Research Report on RXST
Institutional Trading of RxSight
RxSight Trading Down 2.0%
RXST stock opened at $5.00 on Friday. RxSight has a one year low of $4.70 and a one year high of $16.00. The firm has a market capitalization of $207 million, a PE ratio of -4.42 and a beta of 1.14. The firm has a 50-day moving average of $6.37 and a two-hundred day moving average of $8.44.
About RxSight
RxSight, Inc is a medical technology company focused on the development and commercialization of advanced intraocular lens (IOL) systems for patients undergoing cataract surgery and lens replacement procedures. The company’s flagship product, the Light Adjustable Lens (LAL), is designed to provide customized vision correction by allowing non‐invasive post‐operative adjustments. Using ultraviolet light, surgeons can fine‐tune the lens power after implantation to achieve optimal visual outcomes, reducing reliance on glasses or contact lenses and enhancing patient satisfaction.
Founded in 2011 and headquartered in Aliso Viejo, California, RxSight has pursued regulatory clearances and market access across multiple regions.
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