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Goldman Sachs Upgrades Beta Bionics (BBNX) to Buy, Raises PT to $26 on Strong Growth and Market Outlook
Yahoo Financeยท 2025-10-16 20:33
Group 1 - Beta Bionics Inc. has been upgraded by Goldman Sachs from Neutral to Buy, with a new price target of $26, reflecting strong growth and profitability in the diabetes technology market [1][3] - In Q2 2025, Beta Bionics reported a 54% year-over-year increase in net sales, reaching $23.2 million, alongside a 57% increase in new patient starts, totaling 4,934 new patients [2] - The company improved its gross margin to 53.8% and raised its full-year 2025 net sales guidance to between $88 million and $93 million, up from a previous forecast of $82 million to $87 million [2][3] Group 2 - Beta Bionics is a commercial-stage medical device company focused on developing solutions for insulin-requiring individuals with diabetes [4]