Forecast Of The Day: Boston Scientific

+26.99%
Upside
40.15
Market
50.99
Trefis
BSX: Boston Scientific logo
BSX
Boston Scientific

What?

Boston Scientific’s (NYSE:BSX) Revenue from Endoscopy declined from around $1.9 billion in 2019 to about $1.8 billion in 2020. However, Trefis expects the number to rise to about $2.2 billion in 2021 and $2.4 billion in 2022. Endoscopy devices are used to diagnose and treat gastrointestinal (GI) and pulmonary conditions, and use less invasive technologies.

Why?

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While revenues saw a dip in 2020 due to the Covid-19 pandemic, which resulted in a decline in elective surgeries, we expect sales to pick up from 2021 driven by the introduction of new products and international expansion.

So What?

We think the projected post-Covid growth isn’t fully priced into Boston Scientific’s stock yet. We value the stock at about $50 per share, a premium of about 10% versus the current market price.

See Our Complete Analysis For Boston Scientific

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