Citi reiterates Buy rating on Integer Holding stock amid strong Q2 results

Published 25/07/2025, 02:16
Citi reiterates Buy rating on Integer Holding stock amid strong Q2 results

Investing.com - Integer Holding (NYSE:ITGR) received a reiterated Buy rating and $140.00 price target from Citi on Friday, despite the stock falling after its recent earnings report. The company maintains a strong "Buy" consensus among analysts, with InvestingPro data showing an impressive financial health score of "GOOD" based on comprehensive analysis.

The medical device manufacturer reported second-quarter revenue of $476.5 million, representing 10.8% organic growth and exceeding consensus estimates of $464.4 million. Cardio & Vascular sales reached $286.9 million (up 17.6% year-over-year organically), while CRM & Neuromodulation delivered $172.0 million (up 2.3% year-over-year).

Integer’s quarterly performance was driven by new product launches and strong customer demand, which resulted in approximately $10 million being pulled forward from the third quarter of 2025.

The company maintained its full-year revenue guidance at 8.5% growth at the midpoint, but narrowed the range, implying a slowdown in the second half after delivering 9% revenue growth in the first half of 2025. This guidance adjustment confused investors and contributed to the stock’s post-earnings decline.

Citi maintained its positive outlook on Integer, noting the company raised its CRM/Neuro segment guidance to mid-single digits from low-single digits and maintained mid-teens growth expectations for the Cardio & Vascular segment for 2025.

In other recent news, Integer Holdings Corp. reported its second-quarter 2025 earnings, meeting analysts’ expectations for earnings per share (EPS) while surpassing revenue forecasts. Despite these solid financial results, the company’s stock experienced a decline of nearly 5% in pre-market trading. The market’s reaction seems to be influenced by broader concerns regarding future growth prospects and competitive pressures. Analysts have noted these factors as potential challenges for Integer Holdings moving forward. The company’s ability to meet EPS expectations while exceeding revenue forecasts highlights its current operational strength. However, the market’s cautious response indicates investor apprehension about sustained growth. These developments reflect the complexities facing Integer Holdings in a competitive landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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