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Small-Cap Confidential
Undiscovered stocks that can make you rich

July 10, 2024

RxSight (RXST) Still a Buy

RxSight (RXST) Still a Buy

Shares of RxSight (RXST) are down double digits today and at their lowest price in four months following yesterday’s price target reduction (from 75 to 70) from Stifel, who still maintains a buy rating on shares. Midday today RXST is trading near 48. I believe this selloff is not justified and unless/until we see something more materially concerning, RXST remains a buy. BUY


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Tyler Laundon is chief analyst of the limited-subscription advisory, Cabot Small-Cap Confidential and grand slam advisory Cabot Early Opportunities. He has spent his entire career managing, consulting and analyzing start-up and small-cap companies. His hands-on experience has taught Tyler that the development of a superior business model is the biggest factor in determining a company’s long-term success. Accordingly, his research focuses on assessing the viability of management’s growth strategies, trends in addressable markets and achievement of major developmental milestones.