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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS has initiated coverage of Sight Sciences (SGHT) with a Buy recommendation, projecting a 44.28% upside based on an average one-year price target of $5.57 per share. The company anticipates a 51.68% increase in annual revenue, reaching $121 million, despite a projected non-GAAP EPS of -1.00. Institutional ownership has risen, with 182 funds reporting positions, although some major shareholders, including UBS and Bank of America, have reduced their stakes significantly.
Sight Sciences, Inc. is an ophthalmic technology company specializing in surgical and non-surgical solutions for common eye diseases. Its Surgical Glaucoma segment features the OMNI Surgical System and SION Surgical Instrument, while the Dry Eye segment offers the TearCare System, a wearable technology targeting meibomian gland dysfunction.
UBS has initiated coverage of Sight Sciences Inc. (NASDAQ: SGHT) with a Buy rating and a $5.50 price target, highlighting strong sales growth potential by 2026. The company is shifting focus from its OMNI glaucoma solution to the TearCare dry eye treatment, targeting a $2.5 billion market. Despite recent revenue challenges, the analyst anticipates significant sales growth as TearCare transitions to a reimbursed model, with 1,000 trained surgeons poised for adoption.
Sight Sciences, Inc.
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