Stifel Maintains Buy Rating for Glaukos: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Glaukos GKOS and raise its price target from $65.00 to $77.00.

Shares of Glaukos are trading up 0.55% over the last 24 hours, at $67.84 per share.

A move to $77.00 would account for a 13.5% increase from the current share price.

About Glaukos

Glaukos Corp is an ophthalmic medical technology company focused on the development and commercialization of breakthrough products and procedures designed to transform the treatment of glaucoma. It offers iStent, a micro-bypass stent for insertion in conjunction with cataract surgery for the reduction of intraocular pressure in adult patients with mild-to-moderate open-angle glaucoma. Its product pipeline also consists of an iStent SA trabecular micro-bypass system, a two-stent product that is slightly wider than the iStent Inject and uses a different auto-injection inserter designed for use in a standalone procedure.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.