09:12 ET -- RxSight is likely in the penalty box over the near-term following Tuesday's results and guidance, but Needham analysts maintain their buy rating. The ophthalmic medical device company on Tuesday guided for a decline in 2Q revenue and lowered its full-year revenue guidance. "We believe the new guidance bakes in areas of conservatism," say the analysts. "Further, we believe expansion of its U.S. commercial pivot and recent OUS launches could become areas of growth over the next 12-18 months." They also believe the valuation gap between RxSight and two of its peers could close over time, making the risk/reward over the next 12 months to skew positive, leading to their maintained rating. Shares dive 49% to $6.50 in premarket trading. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
July 09, 2025 09:12 ET (13:12 GMT)
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