Stryker Unveils New Foot & Ankle Solutions With Truss Implants: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
0mins
Should l Buy SYK?
Source: Benzinga
New Product Launch: Stryker Corporation has introduced two new products, the Osteotomy Truss System and Ankle Truss System, to enhance their Foot & Ankle portfolio, aimed at improving surgical outcomes for patients.
Stock Performance and Analyst Ratings: Despite a slight decline in share price, analysts maintain positive outlooks on Stryker, with Piper Sandler and Wolfe Research giving Overweight and Outperform ratings, respectively, and price targets of $380 and $405.
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Analyst Views on SYK
Wall Street analysts forecast SYK stock price to rise
20 Analyst Rating
17 Buy
3 Hold
0 Sell
Strong Buy
Current: 365.850
Low
390.00
Averages
430.32
High
465.00
Current: 365.850
Low
390.00
Averages
430.32
High
465.00
About SYK
Stryker Corporation is a medical technology company. The Company offers products and services in MedSurg, Neurotechnology and Orthopaedics that help improve patient and healthcare outcomes. Its segments include MedSurg and Neurotechnology and Orthopaedics. Its MedSurg products include surgical equipment, patient and caregiver safety technologies, and navigation systems (Instruments), endoscopic and communications systems (Endoscopy), and patient handling, emergency medical equipment, intensive care disposable products and clinical communication and artificial intelligence-assisted virtual care platform technology (Medical). Neurotechnology includes neurosurgical, neurovascular and craniomaxillofacial implant products. Its Orthopaedics products primarily include implants used in total joint replacements, such as hip, knee and shoulder, and trauma and extremities surgeries. The Company also offers solutions for venous thromboembolism clot removal without the use of thrombolytic drugs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Integrated Technical Advantages: Mako RPS is compatible with Stryker's Triathlon® Total Knee System, offering intraoperative planning and robotically enabled cutting features, utilizing patented technology that responds to surgeons' hand movements to ensure alignment with surgical plans.
- Industry Leadership Position: The Mako brand has established itself as a standard of care in orthopaedics, having completed over 2 million procedures across 46 countries in nearly 20 years, further solidifying Stryker's leadership in the medical technology sector.
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- Surgical Workflow Optimization: Mako RPS is compatible with Stryker's Triathlon® Total Knee System, providing a user-friendly solution for surgeons to experience the potential benefits of robotic technology within a familiar manual power tool environment, thereby improving surgical efficiency and patient outcomes.
- Technological Innovation: Mako RPS features intraoperative planning and robotically enabled saw capabilities, utilizing Stryker's patented active adjustment technology that responds to the surgeon's hand movements in real-time, ensuring alignment with the surgical plan and enhancing surgical precision.
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- Shareholder Record Date: The dividend will be payable on April 30, with a record date of March 31 and an ex-dividend date also on March 31, ensuring shareholders receive their payouts promptly, which may enhance loyalty towards the company.
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See More
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