- Fundamentally, Penumbra presents with the product economics and above-market sales trajectory to unlock long-term value.
- The stock has underperformed recently, yet, the value proposition in its operating segments remains.
- Despite this it remains exorbitantly valued, and we see multiple downside targets in place from our investigations.
- We've set a price target of $129 per share on a composite of inputs, rating PEN neutral as long-term holders of the stock.
For further details see:
Penumbra: Multiple Downside Targets, Rescued By Long-Term Value Proposition