Globus Medical (NYSE:GMED) Stock Rating Lowered by Wall Street Zen

Market Beat
2026.05.09 06:03
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Wall Street Zen downgraded Globus Medical (NYSE:GMED) from a "strong-buy" to a "buy" rating. Other analysts have mixed views, with Royal Bank of Canada raising its price target to $120 and Needham to $117, both maintaining positive ratings. The stock opened at $77.81, with a market cap of $10.52 billion. Globus Medical reported strong Q1 earnings, beating estimates with $1.12 EPS and $759.85 million in revenue, a 27% increase year-over-year. The company also raised its FY 2026 EPS guidance to $4.70-$4.80, indicating growth confidence.