Published on 22 Dec 2022 on Zacks via Yahoo Finance
3 Reasons to Retain Abiomed (ABMD) Stock in Your Portfolio
Abiomed, Inc. ABMD is well-poised for growth in the coming quarters, backed by strength in its Impella product line. The optimism led by robust second-quarter fiscal 2023 performance along with positive tidings on the regulatory front are expected to contribute further. Headwinds from third-party reimbursement and forex woes persist.
Over the past year, this Zacks Rank #3 (Hold) stock has gained 8.2% against 30% decline of the industry and 20.7% fall of the S&P 500 composite.
The renowned global provider of medical products designed to assist or replace the pumping function of the failing heart has a market capitalization of $17.18 billion. The company projects 25% growth for the next five years and expects to maintain its strong performance. It has delivered an earnings surprise of 15.6% for the past four quarters, on average.