Jan. 15 at 5:12 PM
$ATEC
Alphatec Holdings (NASDAQ: ATEC)
Buy (1)
ESG Score: 56/100
Price Target:
$27.00
Good 2026 Growth Outlook Wasn't Good Enough for Shares... We Remain Bullish
THE TD COWEN INSIGHT
ATEC posted 20-21% top-line growth for 4Q, modestly outperforming 18% Consensus and reaffirmed 2025 adjusted EBITDA guidance of
$91M was in-line. Shares are trading off in reaction to sub-20% 2026 revenue growth guidance, but implied revenues of
$893.2-894.3M actually land above current Consensus at
$886.9M. We see multiple drivers into 2026 and remain bullish on the Valence launch. Reiterate Buy.