Rameen Kasana
2 min read
In This Article:
Alphatec Holdings, Inc. (NASDAQ:ATEC) is among the best NASDAQ stocks under $50 to buy. On Monday, analysts at Lake Street Capital Markets initiated a high-note coverage on Aphatec Holdings with a Buy rating and price target of $18, implying a solid jump of 63% from its current trading price of $11.02.
What’s driving the optimistic outlook? As Lake Street highlights,
“Alphatec Holdings, Inc. (NASDAQ:ATEC) represents the only scaled spine player totally focused on improving spine outcomes while much of the industry borders on totally confused.”
A medical professional guiding a robotic tool placing pedicle screws in a patient's spinal column.
This positive coverage followed a non-deal roadshow in New York City, where Alphatec’s management and Lake Street analysts met to discuss the company’s goals and strategic plans. The investment bank believes that the company will continue to surpass growth rates driven by a focus on a niche spine treatments market. This is reinforced by the 20.04% year-to-date return delivered by the giant in contrast to the return of merely 2.58% by the broader market.
Alphatec Holdings, Inc. (NASDAQ:ATEC) is a California-based medical technology company that engages in the design and advancement of surgical treatment of spinal disorders technologies. Founded in 1990, the core offerings of the company include the Alpha InformatiX product platform, VEA alignment mobile application, and PTP Patient Positioning Systems. The company aims to become “The Standard-Bearer in Spine.”
While we acknowledge the potential of ATEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
