
Inari Medical (NARI) Stock Forecast & Price Target
Inari Medical (NARI) Analyst Ratings
Bulls say
Inari Medical Inc is positioned for a robust growth trajectory, with surgeons predicting a 14% increase in deep vein thrombosis (DVT) procedures and a 16% rise in pulmonary embolism (PE) procedures in 2024, indicating increasing demand for its treatment solutions. The company’s Emerging Therapies segment is anticipated to expand from approximately $30 million in 2024 to over $65 million by 2026, further contributing to its overall sales projection of $602.5 million for fiscal year 2024, driven by trends in venous thromboembolism (VTE) treatments. Additionally, the recent increase in outpatient reimbursement rates for LimFlow from $27,500 to $35,000 enhances the financial outlook, particularly for cases performed in hospital outpatient settings.
Bears say
Inari Medical Inc. has forecasted a decline in gross margin estimates for 2024, expected to fall to approximately 87%, down from both 2022 levels and the historical average of around 90%. Additionally, the company faces significant risks, including an ongoing DOJ investigation, potential market share losses to competitor products, and disappointing outcomes from clinical trials, which could adversely impact its already precarious financial standing. Furthermore, despite generating over $600 million in revenue, Inari remains unprofitable, indicating vulnerabilities within its operational model and long-term viability in a competitive medical device market.
This aggregate rating is based on analysts' research of Inari Medical and is not a guaranteed prediction by Public.com or investment advice.
Inari Medical (NARI) Analyst Forecast & Price Prediction
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