NNOX - Wall Street Expects Nano-X Imaging Stock to Explode by 120% and Here's Why It Might
2023-07-09 09:45:00 ET
X-ray machines have been around a long time and might not seem like hot commodities, but one manufacturer has recently become a hot investment.
Shares of Nano-X Imaging (NASDAQ: NNOX) have been on a wild bull run, gaining 163% in the past three months, and Wall Street analysts expect the stock to rise by another 120% over the coming year. And given that it's currently launching its alternative X-ray devices worldwide for the first time, it has a solid chance of meeting those lofty estimates.
But that doesn't mean it's an investment without risk, and in fact, there are still a few major points of uncertainty that investors need to know. So let's map out the near-term future for this business and see how it could continue to see rapid growth -- and how things might go off the rails.
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Wall Street Expects Nano-X Imaging Stock to Explode by 120%, and Here's Why It Might