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Wells Fargo sets optimistic price target for Kestra Medical stock
Wells Fargo has initiated coverage on Kestra Medical Technologies with an Overweight rating and a price target of $28, highlighting the potential of its Assure wearable cardioverter defibrillator. The company is positioned in a $10 billion market, with projected market share growth from 4.8% in 2025 to 15.7% by 2029, driven by advantages in comfort and functionality over competitors. Other analysts, including Stifel and Piper Sandler, have also expressed optimism about Kestra's growth prospects, supported by strategic investments and FDA approvals.