Lake Street Maintains Buy Rating for CVRx: Here's What You Need To Know

Lake Street has decided to maintain its Buy rating of CVRx CVRX and raise its price target from $21.00 to $32.00.

Shares of CVRx are trading up 1.29% over the last 24 hours, at $31.44 per share.

A move to $32.00 would account for a 1.78% increase from the current share price.

About CVRx

CVRx Inc is a commercial-stage medical device company focused on developing, manufacturing, and commercializing minimally invasive neuromodulation solutions for patients with cardiovascular diseases. Its proprietary platform technology, Barostim, is designed to leverage the power of the brain to address the imbalance of the Autonomic Nervous System, which causes heart failure and other cardiovascular diseases. Barostim provides Baroreflex Activation Therapy which in turn triggers an autonomic response to the heart. The majority of revenue is derived from the USA market.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.