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Loop Capital Markets Analyst Reiterates Buy Rating on Globus Medical, GMED

The scanners at HealthTechMovers.com, with the help of Tipranks.com, found the following stock rating has recently occurred.

Jason Wittes analyst at Loop Capital Markets reiterates coverage on Globus Medical (GMED) in the Healthcare sector with a Buy rating. TipRanks.com has Wittes rated as a 3.9 star analyst with a 51% return on investment and a 5.9% success rate. Wittes has set a price target of $ 90.

TipRanks.com reports that Globus Medical currently has 15 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $75.64. The target pricing ranges from a high forecast of $91.00 down to a low forecast of $54.00. Globus Medical (GMED)’s last closing price was $61.06  which would put the average price target at {Analyst Price Target - upside/downside} upside.

In addition, TradingView issued a Sell rating for GMED over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on GMED.

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One resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals.  Click here for more on Tipranks.com. Another great tool for charting is TradingView.com, so you might want to check that out too.

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