Nanosonics: Back into buying territory

About the author:

Scott Power
Author name:
By Scott Power
Job title:
Senior Analyst
Date posted:
01 June 2023, 7:30 AM
Sectors Covered:
Healthcare, Life Sciences

  • We have been looking for an opportunity to upgrade Nanosonics (ASX:NAN) back to Add (from Hold) and given the recent share price weakness, we now have ~10% upside to our increased target price of (login to view).
  • Consensus remains in a tight range for the next few years. Management has provided clear guidance for FY23 and given its history we are confident guidance will be comfortably achieved.
  • The big unknown is the timing of the CORIS® commercial launch which is expected before the end of CY23.

Find out more

Download full research note

If you would like more information, please contact your adviser or nearest Morgans office. 

Request a call Find local branch

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

  • Print this page
  • Copy Link