Analyst Young Li initiated coverage of the maker of ocular implants to resolve vision issues with a buy rating, citing its "unique" technology.
"RXST makes the first and only post surgery adjustable intraocular lens to resolve cataracts.
The differentiated and best in class tech enables premium [advanced technology intraocular lens] [total addressable expansion], and share taking, from 10% U.S. share to 50%+ U.S. [long term]," the analyst wrote.
Checks suggest that nearly half of intraocular lens patients qualify, boosting the firm's confidence in modeling 45% LAL growth by the end of 2025 — ahead of consensus expectations.
Jefferies' upside scenario would see share soaring nearly 80% to $90 per share and "assumes above expectations US market expansion of sIOL upgrades, as well as ATIOL share taking."
Persons:
Jefferies, Young Li, RXST, Li
Organizations:
RxSight