Barclays Lifts PT on Edwards Lifesciences Corporation (EW) Following Q1 Earnings

Edwards Lifesciences Corporation (NYSE:EW) is one of the best medical device stocks to invest in right now. Barclays raised the price target on Edwards Lifesciences Corporation (NYSE:EW) to $110 from $104 on April 27, reaffirming an Overweight rating on the shares. The rating update came after the company’s fiscal Q1 earnings, with the firm telling investors in a research note that Edwards Lifesciences Corporation’s (NYSE:EW) quarter showed share gains in Europe and the United States.

Jim Cramer Notes Edwards Lifesciences (EW) is in a “Good Zone”

In its financial results for Q1 released on April 23, Edwards Lifesciences Corporation (NYSE:EW) reported that fiscal Q1 sales rose 16.7% to $1.65 billion, while constant currency sales grew 12.7%. TAVR sales in the quarter rose 14.4% to $1.20 billion, while constant currency sales grew 11.0%. The company further reported that fiscal Q1 TMTT sales reached $173 million, driven by repair and replacement therapies.

Edwards Lifesciences Corporation (NYSE:EW) raised FY26 constant currency sales growth guidance to 9% to 11% from 8% to 10%, and also raised the FY26 adjusted EPS guidance midpoint, with a new range of $2.95 to $3.05 from $2.90 to $3.05.

Edwards Lifesciences Corporation (NYSE:EW) is involved in patient-focused medical innovations for heart disease and critical care monitoring. The company’s products are categorized into four main areas: Transcatheter Aortic Valve Replacement, Transcatheter Mitral and Tricuspid Therapies, Surgical Structural Heart, and Critical Care. Its operations are divided into the following geographical segments: the United States, Europe, Japan, and the Rest of the World.

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