Jefferies sees a clear outlook for shares of RxSight . Analyst Young Li initiated coverage of the maker of ocular implants to resolve vision issues with a buy rating, citing its "unique" technology. He also placed a $72 price target on the stocks, reflecting 43% upside from Monday's close.
"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.
RXST YTD mountain Shares in 2024 The firm expects the company to hit this 50% market share milestone via solid clinical results, growing adoption and utilization trends. Li also views RxSight's $6 billion 2027 estimate for its light adjustable lens (LAL) as too conservative. 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." The stock is up about 25% year to date..