Shockwave Medical Stock Soars on Acquisition Rumors and Analyst Coverage
Friday, 29 March 2024, 13:00
At the heart of the matter
Healthcare giant Johnson & Johnson has made overtures to acquire Shockwave Medical. A potential deal could drive the stock up with demands for its intravascular lithotripsy (IVL) catheter for treating cardiovascular issues.
A wave of enthusiasm
Positive analyst coverage, strong Q4 results, and future revenue forecasts contributed to the stock's surge. Investors expect a possible buyout premium and growth potential in the coming years, despite the stock's premium valuation.
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