Last Updated on January 17, 2023 by Bitfinsider
OrthoPediatrics (KIDS) is concerned with the design, development, and commercialization of items used to treat orthopedic diseases in children. The company has a global presence in over 35 countries.
The pediatric orthopedic industry is a specialized sector that is underserved, which has benefited the company. This market is dominated by OrthoPediatrics, giving it a competitive advantage in the medical equipment business. According to BTIG analyst Ryan Zimmerman, the company stands to prosper from this market because larger competitors have mostly disregarded it. (See TipRanks’ OrthoPediatrics Financial Statements.)
Zimmerman restated his buy rating and $62 price objective on KIDS stock last week. In addition to the market opportunity, the analyst stated that “the strategy is scalable and defendable, with a leading brand among pediatric orthopedic surgeons and a focused customer base that conducts the bulk of cases at a small number of facilities.”
Zimmerman is ranked 660th out of over 8,000 analysts tracked by TipRanks. Furthermore, 47% of his ratings were successful, resulting in 9% average returns per rating.
Intuitive Surgical Group (ISRG) is a pioneer in robotic-assisted, minimally invasive surgery. In addition, the company is one of Zimmerman’s top picks for the year.
Intuitive Surgical recently revealed preliminary 4Q22 earnings and growth estimates for surgeries in FY23, which were in line with Zimmerman’s expectations. Following the results, the analyst confirmed his buy rating and $316 price objective for the company. (See TipRanks’ Intuitive Surgical Stock Investors.)
“There continue to be challenges entering FY23, but we think ISRG is primed to continue to experience improving market dynamics paired with the opportunity for the launch of a next-generation system. “We would be buyers on today’s weakness,” Zimmerman added, underlining his optimism.
The analyst believes ISRG is a “clear leader in the field” and is optimistic about the company’s long-term development prospects in robotic surgery. According to Zimmerman, the pandemic has raised the necessity of computer-aided surgery due to precise clinical outcomes. This is likely to drive Intuitive Surgical’s product uptake over time.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.