ONWARD Medical: Coverage Initiated by Portzamparc with a Buy Recommendation
Portzamparc – BNP Paribas Group has initiated coverage of ONWARD Medical with a buy recommendation and a target price of EUR 10.20.
Coverage Initiation
ONWARD Medical N.V., specializing in neurotechnologies, announces that Portzamparc – BNP Paribas Group has started covering its stock. This coverage comes with a buy recommendation and a target price set at EUR 10.20 per share. This decision follows the market approvals of the ARC-EX® system in the United States and Europe, marking a significant milestone for ONWARD in its commercial development.
Strategic Developments
According to Dave Marver, CEO of ONWARD Medical, the year 2025 is pivotal for the company, with not only the commercial authorization of the ARC-EX® system but also the planned launch of the first pivotal study for the implantable ARC-IM® platform. The company continues to strengthen its position in the field of brain-computer interface (BCI) assisted mobility, which could enhance its leadership in this emerging sector.
Analyst Confidence
The initiation note from Portzamparc, published on October 7, 2025, brings the number of banking institutions covering ONWARD Medical's stock to five. All these institutions maintain a buy recommendation, demonstrating a certain confidence among analysts in the company's growth prospects. This increase in recommendations could positively influence investor interest in the stock.