Wells Fargo Maintains Overweight on Masimo (MASI) Following Investor Day Confidence In Long-Range Revenue Targets

Group 1 - Masimo Corporation is projected to be one of the best NASDAQ stocks to buy in 2026, with Wells Fargo raising its price target to $190 and maintaining an Overweight rating, citing strong multi-year expansion prospects [1] - BTIG also raised its price target to $200 and maintained a Buy rating, highlighting Masimo's commitment to next-generation sensors and monitors, which is expected to drive sustainable growth [2] - In Q3 2025, Masimo reported an 8% increase in total revenue to $371 million and a 38% year-over-year surge in adjusted EPS to $1.32, supported by new contracts valued at $124 million, a 48% increase from the previous year [3] Group 2 - Masimo raised its full-year 2025 guidance, projecting annual revenue between $1.510 billion and $1.530 billion, with adjusted EPS expected to be between $5.40 and $5.55 [4] - The company has a substantial backlog, with $507 million in unrecognized contract revenue expected to be realized within the next 12 months [3]