LivaNova PLC (NASDAQ:LIVN) is one of the Best Undervalued UK Stocks to Buy According to Analysts. On June 6, Jefferies analyst Matthew Taylor maintained a Buy rating on LivaNova PLC (NASDAQ:LIVN) with a price target of $79.
The analyst highlighted the company’s strong growth potential driven by its solid product cycle. He noted the Essenz upgrade, which is expected to increase revenue by higher average selling prices as the replacement cycle advances. Moreover, Taylor also likes the company’s expansion in the oxygenator market. He believes that the increasing market share and production capacity give LivaNova PLC (NASDAQ:LIVN) a competitive edge over its peers.
A close-up of a medical device used for therapeutic solutions in a world-class hospital.
He also points out the company’s progress in Vagus Nerve Stimulation therapy for epilepsy, backed by strong long-term data. Taylor believes this strengthens its position in drug-resistant epilepsy treatment.
LivaNova PLC (NASDAQ:LIVN) is a global medical technology company that designs and manufactures devices for cardiac surgery and neuromodulation.
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Disclosure: None. This article is originally published at Insider Monkey.