👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Morgan Stanley sees growth opportunities for Globus Medical stock in robotics expansion

EditorEmilio Ghigini
Published 2024-12-02, 06:50 a/m
GMED
-

Furthermore, the analysis points to the upcoming ExcelsiusFlex (EFlex) stock as an additional growth driver for Globus Medical (NYSE:GMED) in the orthopedic robotics space. With an estimated 1.1 million total knee arthroplasty (TKA) procedures expected in the US during 2024, and with around 20% projected to use robotic assistance, the opportunity for revenue growth is significant.

The firm estimates that each 1% share gain in the procedure market could translate to over $11 million in revenue. This growth potential is supported by InvestingPro data, which reveals 8 analysts have revised their earnings upward for the upcoming period, with the company expected to maintain profitability this year.

For deeper insights into Globus Medical (TASE:PMCN)'s growth prospects and financial health, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

This growth potential is supported by InvestingPro data, which reveals 8 analysts have revised their earnings upward for the upcoming period, with the company expected to maintain profitability this year.

For deeper insights into Globus Medical's growth prospects and financial health, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

Furthermore, the analysis points to the upcoming ExcelsiusFlex (EFlex) as an additional growth driver for Globus Medical in the orthopedic robotics space.

With an estimated 1.1 million total knee arthroplasty (TKA) procedures expected in the US during 2024, and with around 20% projected to use robotic assistance, the opportunity for revenue growth is significant.

The firm estimates that each 1% share gain in the procedure market could translate to over $11 million in revenue. This growth potential is supported by InvestingPro data, which reveals 8 analysts have revised their earnings upward for the upcoming period, with the company expected to maintain profitability this year.

For deeper insights into Globus Medical's growth prospects and financial health, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

Furthermore, the analysis points to the upcoming ExcelsiusFlex (EFlex) as an additional growth driver for Globus Medical in the orthopedic robotics space. With an estimated 1.1 million total knee arthroplasty (TKA) procedures expected in the US during 2024, and with around 20% projected to use robotic assistance, the opportunity for revenue growth is significant. The firm estimates that each 1% share gain in the procedure market could translate to over $11 million in revenue.

The analyst also provided projections for the placement of the EFlex system, estimating potential sales of $12.5 million to $25 million, depending on the number of systems placed. This is in addition to potential rental agreements that may contribute to revenue.

Overall, the consensus estimates suggest a total year-over-year revenue growth of 16.5% in 2025 for Globus Medical's Enabling Technologies, with the detailed analysis indicating that there could be an upside risk to these numbers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.