Oct. 31 at 7:33 PM
$ATEC
Alphatec Holdings (NASDAQ: ATEC)
Buy (1)
ESG Score: 55/100
Price Target:
$27.00 (Prior
$22.50)
Highlight Reel Quarter; Portfolio Looks Ready for Long Run of Profitable Growth
THE TD COWEN INSIGHT
ATEC had a strong quarter, with 30% top-line growth that once again marked an industry-leading result. Revenue of
$197M came in well ahead of the Street's
$183M forecast, as did adjusted EBITDA, which hit another new record, at
$26M vs the
$20M estimate. ATEC raised its full-year guidance for both sales and EBITDA. We see multiple drivers into 2026 and remain bullish on next year's Valence launch.