Viewray (VRAY) Gets a Buy Rating from Mizuho Securities

By Austin Angelo

Mizuho Securities analyst Difei Yang reiterated a Buy rating on Viewray (VRAYResearch Report) today and set a price target of $9.00. The company’s shares closed last Monday at $3.40.

According to TipRanks.com, Yang is ranked 0 out of 5 stars with an average return of -5.3% and a 36.1% success rate. Yang covers the Healthcare sector, focusing on stocks such as Audentes Therapeutics, Xeris Pharmaceuticals, and Revance Therapeutics.

Viewray has an analyst consensus of Strong Buy, with a price target consensus of $7.50.

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Based on Viewray’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $20.83 million. In comparison, last year the company had a GAAP net loss of $32.85 million.

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ViewRay, Inc. engages in the design, manufacture and market magnetic resonance imaging (MRI) system. It develops MRIdian to address the key limitations of existing external-beam radiation therapy technologies, and employs MRI-based technology to provide real-time imaging that clearly defines the targeted tumor from the surrounding soft tissue, and other critical organs, both before and during radiation treatment delivery. The company was founded by Dinara Akzhigitova on September 6, 2013 and is headquartered in Oakwood Village, OH.