bullish
Shockwave Medical Inc (SWAV US): Initial Thought on Takeover Talk and Probable Pricing
325 Views24 Apr 2023 17:33
SUMMARY
- Shockwave Medical Inc (SWAV US) is reportedly drawing takeover interest from Boston Scientific. Shockwave can potentially be one of Boston Scientific's largest ever acquisitions. Probable pricing still offers upside potential.
- Shockwave has an addressable market opportunity of $8.5 billion. The company has guided for 2023 revenue of $660–680 million, which represents 35–39% YoY growth.
- Addition of Shockwave will bolster Boston Scientific’s cardiovascular portfolio. No official announcement has been made by any of the companies. There is no certainty they will lead to a deal.
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Rising
Tina Banerjee
Global Healthcare Analyst
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