Boston Scientific stock holds steady as Oppenheimer cuts price target to USD 65
π Boston Scientific stock closed at USD 43.34, trading roughly 18% below its 52-week high of USD 52.65.
π The company beat Q2 fiscal 2026 non-GAAP earnings estimates by 3.6%, delivering USD 0.86 per share versus a consensus of USD 0.83.
π° Boston Scientific reported Q2 revenue of USD 5.44 billion with a profit margin expansion to 16.67%.
π Oppenheimer analyst Suraj Kalia cut the price target from USD 85 to USD 65 while retaining an Outperform rating.
β οΈ Zacks assigned a Strong Sell rating (Rank 5) due to declining earnings estimates and a premium valuation multiple.
π The stock trades at a forward five-year P/S ratio of 2.85, approximately 35% above the industry average.
π₯ Boston Scientific operates sterile cleanroom manufacturing for heart catheter systems in Marlborough, MA.
- Boston Scientific beat Q2 fiscal 2026 non-GAAP earnings expectations by 3.6%, delivering USD 0.86 per share against a consensus of USD 0.83.
- The company achieved a profit margin of 16.67% in the second quarter, representing a meaningful expansion from historical low-to-mid teens margins.
- Oppenheimer maintains an Outperform rating on Boston Scientific despite lowering its price target, indicating continued belief in long-term upside potential.
- Zacks assigned a Strong Sell rating (Rank 5) citing downward revisions to earnings estimates over the past 60 days.
- The stock trades at a forward five-year price-to-sales ratio of 2.85, which is roughly 35% higher than the industry average of 2.11.