Forecast Of The Day: Boston Scientific’s Cardiac Rhythm Management Revenue

+1.08%
Upside
48.50
Market
49.03
Trefis
BSX: Boston Scientific logo
BSX
Boston Scientific

What?

Boston Scientific (NYSE:BSX) Revenue from Cardiac Rhythm Management rose from around $1.94 billion in 2019 to $2 billion in 2021. Trefis expects the metric to grow to about $2.15 billion by 2024.

Why?

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We expect growth to be driven by new products, as well as higher instances of cardiac disease.

So What?

We remain positive on BSX stock with a $49 price estimate, which is about 5% ahead of the current market price.

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns Dec 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 BSX Return 2% 9% 114%
 S&P 500 Return -6% -20% 71%
 Trefis Multi-Strategy Portfolio -7% -23% 210%

[1] Month-to-date and year-to-date as of 12/28/2022
[2] Cumulative total returns since the end of 2016

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