Market Overview

UPDATE: Canaccord Genuity Reiterates Buy Rating, Raises PT on TearLab Corporation

Related TEAR
Mid-Afternoon Market Update: Extreme Networks Surges After Strong Q4 Results; Dicks Sporting Goods Shares Slide
18 Biggest Mid-Day Losers For Tuesday

In a report published Monday, Canaccord Genuity reiterated its Buy rating on TearLab Corporation (NASDAQ: TEAR), and raised its price target from $6.00 to $8.00.

Canaccord Genuity noted, “Given strong underlying business trends, we increase our price target to $8 from $6 as we believe the growth profile of the stock justifies a higher multiple. In our opinion, TEAR should start benefitting from physician referrals (>500 IB), expanding sales force (12 reps and four managers), and robust lead activity from AAO conference.”

TearLab Corporation closed on Friday at $5.31.

Latest Ratings for TEAR

Aug 2016Roth CapitalDowngradesBuyNeutral
Jul 2016Rodman & RenshawInitiates Coverage onBuy
May 2016Feltl & Co.UpgradesBuyStrong Buy

View More Analyst Ratings for TEAR
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings


Related Articles (TEAR)

View Comments and Join the Discussion!

Partner Center